New Bitcoin and Biden Management Statement by Peter Brandt

↪️Famous analyst and trader Peter Brandt stated that US President Joe Biden could become a major negative factor for Bitcoin.

Trade legend, old-fashioned commodity trader Peter Brandt emphasizes that the presidency of Joe Biden could have huge negative consequences for the flagship cryptocurrency Bitcoin.

🔥Brandt Warns That Biden Could Do Much Damage to Bitcoin
A link was included to the Wall Street Journal article on Biden's proposal to increase capital gains tax by 39 percent and in some states by up to 55 percent, as Brandt pointed out.

Currently, capital gains tax is levied on these profits at a maximum of 20 percent, while the highest rate for wages or business profits is 37 percent.

If Biden's proposal is approved, high-income families will see their investment planning turned upside down. Also, business owners are likely to have little to pass on to their children.

"If Biden and the Democrats are successful, the resulting changes will disrupt investment planning for high-income households and make it difficult for business owners to pass their assets to their children."

On April 22, the news of Biden's capital gains tax proposal caused Bitcoin to bounce back from the $ 55,000 level to the $ 48,000 zone.

Ethereum, XRP etc. Major cryptocurrencies such as, followed this decline.

🔥Brandt Continues Rise in BTC
Peter Brandt stated that he remained a Bitcoin bull (and libertarian) despite this news. Brandt doesn't think BTC will drop too much.

Bitcoin remains one of Peter Brandt's biggest assets.