CandleFocus Is France’s New Tax on “Unproductive Wealth” a Threat to Bitcoin’s Price?
2024-12-03
Author: Content Editor
France is considering implementing a new tax on "unproductive wealth," which includes assets like Bitcoin, yachts, and private jets. The proposed tax aims to target assets that do not generate income and is intended to discourage investment in these assets. This could potentially decrease demand for Bitcoin, leading to short-term price drops and lower liquidity. The plan is still being discussed, but if implemented, it may result in increased regulation of Bitcoin in other countries. Despite this news, Bitcoin has shown resilience and is trading near its recent record high.
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