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.
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.