Friday, December 22, 2017

Trump"s Tax Bill May Be Reason for Crypto Rout

Let’s be clear. The American market for Bitcoin is an aspirational one; but the true volume is done in Asia. Instead of going through the trouble of setting up shell corporations to launder their money, the Chinese have been using crypto currencies, which was beautifully marketed as some sort of rebellious form of capitalism — creating millions of bedroom billionaires. All of that might be ending soon, thanks in part of President Trump.

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