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Navigating the Current Crypto Landscape: A Balanced Approach

While I remain optimistic about the broader market, I advocate for a measured approach rather than going all-in. The crypto space is rife with uncertainties, with ongoing issues surrounding platforms like FTX and Celsius, to name just a couple. In the short term, we can expect volatility, with BTC potentially dipping to the 24/27k range before its next upward trajectory.

To my clients, I offer this advice: Harness the volatility to your advantage. Embrace dollar-cost averaging. Whether you choose to invest daily, weekly, or monthly, this strategy allows you to average out your purchase price. Instead of fretting over price hikes, reframe your perspective: a dip in price is an opportunity to buy more.

As we await clearer governmental regulations and the potential introduction of centralised cryptocurrencies, it’s crucial to understand that we’re currently in an accumulation phase.

If you want advice , starting or need help with your crypto portfolio drop me a message .

Tread wisely, invest smartly, and keep a long-term vision.

Lock and Load

Tony

#tonyevanscrypto #technology #instagood #digitalassetinvestor #luxuryliving #nftinvestor #wealthbuilding

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Markets & Emotions: The Unwavering Connection

While I remain optimistic about the broader market, I advocate for a measured approach rather than going all-in. The crypto space is rife with uncertainties, with ongoing issues surrounding platforms like FTX and Celsius, to name just a couple. In the short term, we can expect volatility, with BTC potentially dipping to the 24/27k range before its next upward trajectory.

To my clients, I offer this advice: Harness the volatility to your advantage. Embrace dollar-cost averaging. Whether you choose to invest daily, weekly, or monthly, this strategy allows you to average out your purchase price. Instead of fretting over price hikes, reframe your perspective: a dip in price is an opportunity to buy more.

As we await clearer governmental regulations and the potential introduction of centralised cryptocurrencies, it’s crucial to understand that we’re currently in an accumulation phase.

If you want advice , starting or need help with your crypto portfolio drop me a message .

Tread wisely, invest smartly, and keep a long-term vision.

Lock and Load

Tony

#tonyevanscrypto #technology #instagood #digitalassetinvestor #luxuryliving #nftinvestor #wealthbuilding

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Japan’s Tax Reforms on Cryptocurrency: A Mixed Bag

Japan Changes tax ON CRYPTO Japan has long been at the forefront of the cryptocurrency movement, from early adoption and investment to pioneering legislative frameworks a big reason for me be here for so long . Yet, the taxation landscape for crypto assets in the country has been notably stringent.

A glimmer of hope emerged last week when the National Tax Agency of Japan unveiled updated rules on cryptocurrency taxation for corporations. Under the new guidelines, corporations won’t be taxed 30% on unrealised gains. In simpler terms, if a company hadn’t liquidated its crypto assets, it previously had to pay tax on the potential gains. This change was a welcome relief for many.

However, the devil is in the details. After a thorough review and consultation with our accountants, it became clear that this tax relief only applies to companies that have issued their own tokens. Other cryptocurrencies remain outside this purview. Moreover, individual investors face a staggering 55% tax on gains exceeding 200,000 yen, approximately $1,800.

While these reforms signal positive strides for emerging companies meeting specific criteria, the tax landscape remains challenging for individual investors and established corporations.

If you like help with this drop me a message and will send you to tax advisors we working with in Japan and globally.

 

Lock and Load

Tony Evans

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