Bitcoin’s Drop From Biden’s Proposed Tax Hikes Not Likely to Last, BCB CEO Says

Bitcoin has slumped more than 8%, over a 24-hour period, a drop attributed to U.S.

Biden’s proposed treatment of gains in equities as income, which proposes a rate of up to 39.6% instead of the current 23.8%, has had “a shock effect in all markets,” BCB Group CEO Oliver von Landsberg-Sadie told CoinDesk via private message.

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