Ray Dalio Warns ‘Shocking’ Tax Changes Could Be Coming to Bitcoin, Crypto and Gold Investors


Hedge fund veteran and billionaire Ray Dalio is warning Bitcoin and gold investors to prepare for potentially large tax changes.

In a new LinkedIn article, the Bridgewater Associates founder says he believes US policymakers may begin utilizing the tax code to move capital away from store-of value assets and into debt-based assets as the government tries to raise more money.

“Based both on how things have worked historically and what is happening now, I am confident that tax changes will also play an important role in driving capital flows to different investment assets and different locations, and those movements will influence market movements”

The billionaire forecasts that “shocking” taxes directed at Bitcoin and gold will be part of new economic policies.

“If history and logic are to be a guide, policymakers who are short of money will raise taxes and won’t like these capital movements out of debt assets and into other storehold of wealth assets and other tax domains so they could very well impose prohibitions against capital movements to other assets (e.g., gold, Bitcoin, etc.) and other locations. These tax changes could be more shocking than expected”

Dalio says he’s worried that the new tax policies might drive capital out of the US.

“The United States could become perceived as a place that is inhospitable to capitalism and capitalists. Though this specific wealth tax bill is unlikely to pass this year the chances of a sizable wealth tax bill passing over the next few years are significant.

Conflicts can increase in such difficult times when accompanied by large wealth, values, and political gaps, and the environment can become inhospitable to capitalists leading them to run from less hospitable places to more hospitable places.”

Don’t Miss a Beat – to get crypto email alerts delivered directly to your inbox

Twitter, Facebook and Telegram

Surf cryptotrade247.eu Mix


Disclaimer: Opinions expressed at cryptotrade247.eu are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. cryptotrade247.eu does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is cryptotrade247.eu an investment advisor. Please note that cryptotrade247.eu participates in affiliate marketing.

Featured Image: Shutterstock/Natalia80





Source link

SEE THIS

%d bloggers like this: