05-28-2021, 09:36 PM
Biden will be proposing his budget today. It will affect the market. Try not to pani
<!-- SC_OFF --><div class="md"><p>This is not FUD and Im not trying to scare anyone. Please read.</p> <p>Biden is going to propose a $4 trillion budget today.</p> <p>It is pretty much a guarantee he will be proposing higher cap gains taxes on the very wealthy.</p> <p>This news leaked a few weeks ago and the stock market and crypto market tanked hard. </p> <p>If capitol gains are raised on the wealthy they will sell crypto and stocks to avoid paying the higher taxes.</p> <p>There is some speculation that Biden might make it retroactive to April to avoid sharp market selloffs. In that case there might not be a big dip.</p> <p>If you're planning on buying crypto today it might be a good idea to wait until after his budget proposal.</p> <p>Again this isn't FUD. No one should panic. If you're in it for the long haul this doesn't really matter.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/BillTheCommunistCat"> /u/BillTheCommunistCat </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nmxgz2/biden_will_be_proposing_his_budget_today_it_will/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nmxgz2/biden_will_be_proposing_his_budget_today_it_will/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>This is not FUD and Im not trying to scare anyone. Please read.</p> <p>Biden is going to propose a $4 trillion budget today.</p> <p>It is pretty much a guarantee he will be proposing higher cap gains taxes on the very wealthy.</p> <p>This news leaked a few weeks ago and the stock market and crypto market tanked hard. </p> <p>If capitol gains are raised on the wealthy they will sell crypto and stocks to avoid paying the higher taxes.</p> <p>There is some speculation that Biden might make it retroactive to April to avoid sharp market selloffs. In that case there might not be a big dip.</p> <p>If you're planning on buying crypto today it might be a good idea to wait until after his budget proposal.</p> <p>Again this isn't FUD. No one should panic. If you're in it for the long haul this doesn't really matter.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/BillTheCommunistCat"> /u/BillTheCommunistCat </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nmxgz2/biden_will_be_proposing_his_budget_today_it_will/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nmxgz2/biden_will_be_proposing_his_budget_today_it_will/">[comments]</a></span>Kind Regards R