š¦ Central banks typically target an inflation rate of 2%. But whatās so special about 2%?
Partly, they target a small positive rate to avoid deflation ā which can cause the economy to grind to a halt. And 2% is low enough that things shouldnāt get too expensive, too fast.
Unfortunately, central banks have a terrible record of hitting this target! Your money loses value every year, and often much faster than 2%. #Inflation
š¹š Thailand is scrapping taxes on crypto profits for the next five years. This isnāt just a financial move. Itās a bold signal that the country is open to the future of digital finance.
Decisions like this attract crypto investors worldwide. Itās not pressure but freedom that pushes the industry forward#cryptotaxes $BTC
š°šŖ Kenya has proposed a 1.5% tax on every crypto transaction. Thatās not capital gains or income tax ā itās a tax on regular payments.
This is a terrible idea that will push crypto innovation out of the country. When Indonesia implemented just a 0.1% tax in 2022, users flooded to offshore and P2P platforms.
Are you based in Kenya? What do you think of this proposed law #crypto #Taxes
šøBuffettās stance on Bitcoin has always been negative ā at least publicly. Eleven years ago, when BTC was just $600, he claimed it ādoesnāt qualify as a currencyā. Since then, itās surged over 17,400%. Yet despite his continued criticism, Buffett indirectly profits from crypto through a number of his investments.
It looks like itās nothing personal after all. As they say, money doesnāt smell.$BTC #BTC #WarrenBuffett
āļø First CZ, now Michael Saylor. The Executive Chairman of Strategy has been appointed as a crypto advisor to Pakistanās newly formed crypto council. His role: guide regulation efforts and help establish a national Bitcoin reserve.
By bringing in world-class experts, Pakistan aims to follow in Strategyās footsteps and emerge as a crypto powerhouse in the Global South. It certainly looks like theyāre building an all-star team!$BTC $ETH $BNB #BinanceAlphaAlert #SaylorBTCPurchase #MarketRebound
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