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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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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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The Magic of Entrepreneurship: Drawing Parallels with Magicians

Ever since I was a child, the allure of magic captivated me. The idea of making the impossible possible resonated deeply, and as I grew older, I realized this is precisely what entrepreneurs embody.

Crazy Ideas Worth Bringing to Life
Magicians defy the laws of physics, leaving us in awe. They chase the wildest, seemingly unattainable ideas. Similarly, entrepreneurs envision ground breaking concepts and bring them to fruition. Both groups invest countless hours in planning, refining, and perfecting their craft for their audience.

Innovation is Key
Magicians constantly evolve their tricks, always seeking ways to enhance and astonish. Entrepreneurs, too, must adopt this mindset. In a competitive landscape, there’s a constant need to innovate, to make products or services more remarkable, and to adopt a problem-solving approach.

Avoid Assumptions
It’s essential not to presume you have all the answers. Instead, remain open to discovering solutions that make processes more efficient and engaging.

Presentation Matters
Magicians rely on costumes, lighting, and sound to enhance their act. Similarly, an entrepreneur’s attire, speech, and overall presentation play a pivotal role. In today’s digital age, personal branding is paramount.

Embrace Challenges
Magicians continually reinvent their acts to retain audience interest. Entrepreneurs, like the magicians of the business world (think Richard Branson, Donald Trump, Steve Jobs), challenge established norms and industries.

Customers are Paramount
A magician gauges success by audience reactions and, in today’s digital world, online reviews. Entrepreneurs should prioritize customer feedback, as it offers invaluable insights. Monitoring sales and understanding customer preferences is crucial.

The parallels between magicians and entrepreneurs are striking. Both groups harness their unique skills to captivate, innovate, and succeed. As I reflect on these similarities, I’m reminded of the importance of passion, persistence, and vision in both realms.

I’d love to hear your thoughts on this comparison. Let’s continue the conversation in the comments below!

Lets lock and load

Tony

 

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