It would be naive to assume other countries are not thinking about the same idea. With Bitcoin’s significant gains and industry executives such as ARK Invest’s Cathie Wood eyeing a $1.5-million price tag by 2030, I’d bet a magic 8-ball would say, “Signs point to yes.”The growing global interest in wealth taxIt might seem far-fetched, but it is hard to ignore the gains.
Recent: Ukraine floats 23% tax on some crypto income, exemptions for stablecoinsIn July 2024, offloading 50,000 seized BTC at $58,000 might have seemed like a smart move for the German government, but when Bitcoin hit $100,000 just months later in December, it became clear they left a fortune on the table. In retrospect, a costly mistake…Will this be remembered as a blunder on par with Gordon Brown selling half of the UK’s gold reserves at $275 an ounce? Imposing such a rule on the wealthy comes with obvious risks.
In December 2024, French Senator Sylvie Vermeillet took it a step further, suggesting Bitcoin (BTC) be labeled “unproductive,” which would mean taxing its gains every year — whether or not it’s ever sold. Yep, every asset holder’s favorite word is unrealized capital gains tax.
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