Here are the TOP 3 events that will trigger buying frenzy in the crypto space.
If you see any of these things happen along with "This is not a drill!", buckle up.
1/ US Bitcoin Spot ETF is approved
Right now, we have Bitcoin derivative ETFs which are basically paper buys and claims on "theoretical" Bitcoin at different prices..
A Spot Bitcoin ETF means pension funds and institutional investors will be able to invest in Bitcoin and the ETF will spot buy ACTUAL Bitcoin for storing.
We're talking trillions of dollars overnight buying up an already low liquidity market as more and more Bitcoin are taken off exchanges and transferred to cold storage.
2/ US Government removes capital gain tax implications on some transaction value of Bitcoin/cryptocurrency
As it stands today, any transaction you make with cryptocurrency will trigger a capital gains tax event.
Meaning, that if you buy a cup of coffee with Bitcoin, you have to claim your gain/loss of the amount of Bitcoin you spent compared to when you bought the Bitcoin.
When the government finally says, "for all purchases made with Bitcoin/cryptocurrency BELOW $1000 (or some amount), there will be NO capital gains tax event, the market will skyrocket.
Bitcoin is primarily held as a store of value at this time but lifting this rule would open the door to new use cases that are not practical under the current legislation.
3/ A G20 nation adds Bitcoin to their reserves
This will likely be one of the last events that happen but when it does, GAME OVER for any remaining bears.
A government adding Bitcoin to their reserves confirms the realization that they cannot get rid of it and must learn to live with it.
Which of these three is most likely to happen? Tweet me your thoughts!
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