EP18 S2 - Is Biden about to kill Bitcoin?

Market Update - Calm Before The Storm? It’s been a quiet week for Bitcoin, with little price action movement since the slight recovery after last week's big dump. We discuss whether this is a good sign and why selling pressure easing off could result in a price increase in the near future.   Is Russia Banning Bitcoin? It’s been a confusing week regarding Russia’s stance on Bitcoin, with the Central Bank of Russia proposing to completely ban crypto mining and trading only for this to later be rejected in favour of more regulations. We tell you everything you need to know about this topic and why it’s important for the crypto industry.    Will We Have to Pay More Taxes On Crypto? In what could be a significant announcement in Bitcoin’s history, president Biden announced that new rules and regulations for Bitcoin and cryptocurrencies are coming soon. One of these is to raise tax on crypto, claiming to be due to their high-risk nature and the fact that there is an argument cryptocurrencies are bad for the environment. We argue the case that they are not as bad as the environment as the news suggests in episode 7 of the podcast which you can listen to HERE.   What we cover in this episode  - Market update after a quiet week for Bitcoin’s price action - Where the market could be headed next - Are Russia banning Bitcoin or not? - President Biden’s announcement that more crypto regulations are coming - Is the tax on cryptocurrencies going to increase? - Should governments be able to regulate crypto?    Things We Mention In The Show The Decade the Rich Won - https://www.bbc.co.uk/programmes/m0013xch#:~:text=The%20people%20with%20power%20in,following%20the%202008%20financial%20crisis   Ways to connect with Cryptopulse  Twitter: https://twitter.com/crypto_pulse Instagram: https://www.instagram.com/crypto_pulse LinkedIn: https://www.linkedin.com/company/cryptopulse  Website: http://www.cryptopulse.co.uk   Ways to connect with Kevin and Ben Kevin Basham Twitter: https://twitter.com/KevinBasham Ben Rees Twitter: https://twitter.com/bdrsquared    Thanks for listening and don’t forget to subscribe so you can be notified when we release a new episode.   About Cryptopulse Downloaded & listened to in over 140 countries. Cryptopulse is here to guide you through the crypto universe with thought-provoking topics, in-depth knowledge & information to help you make informed decisions.