📰 Bitcoin (BTCUSD) Likely to Soar on Japan’s Proposed Crypto Tax Reforms Reducing Rates to 20%

📅 Jul 21, 2025, 01:06 EDT | 🔗 Source: CryptoNews

🧠 Summary

Japan’s potential crypto tax reforms proposing a flat 20% capital gains tax could boost Bitcoin buying significantly, with 84% of current holders and 12% of non-holders expressing interest, signaling increased trading volumes and adoption once reforms take effect.

💡 Why this signal?

  • Schiff’s strong allegations of Bitcoin as a decentralized Ponzi scheme undermine investor confidence and suggest potential price declines.
  • He emphasizes that supporting crypto domestically may weaken trust in the US dollar, potentially accelerating Bitcoin’s downfall.
  • The comparison to historic speculative bubbles and insider cash-out claims highlights risks of a market correction harming retail investors.

📈 BTCUSD Price Trend

⏱️ Impact Timing
as soon as the news is out
👥 Competitor Impact

No competitors impacted.

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