Central banks in the Czech Republic and Luxembourg have started acquiring cryptocurrencies. Japan’s recent reduction of its crypto tax to 20% is expected to foster trust in digital assets and encourage increased market participation from both institutional and retail investors.
Li Hua Yi predicts Bitcoin might reach 1,000,000 USD in five years, while Ethereum sees potential for tenfold growth. The shift in taxation aims to boost investor confidence and market activity, particularly with anticipated positive developments in AI and liquidity in December.
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