Bitcoin Trading Diary 20240111 - Congratulations on Bitcoin Spot ETF Approval!!

 I don't know if it's too exciting,


ETF approval kicks off a new chapter in Bitcoin. 


First of all, it is important that Bitcoin was classified as a commodity, not a securities, according to the statement. 


Funding in Bitcoin Now, Price Rising


Everyone is focusing on that, 


I think it's more important to see that Bitcoin is now classified as a commodity in the United States. 


This means that in the future, countries like El Salvador use bitcoin as legal currency


It was the foundation to be treated as a foreign exchange


It can be a reference when defining taxes on it in each country. 


It is very important to understand the dynamics of taxes in investment. 


If it's not an investment that can produce an overwhelming performance 


Taxes often determine victory or defeat. 


So the government uses a weapon called the tax 


It allows funds to flow anywhere, and it can also be blocked. 


The country's main policy is to let money flow where it is needed. 


In order to prevent excessive money from being spent on real estate in Korea


We're going to make regulations with different taxes 


Making the money flow into the industry or elsewhere could be an example. 




That Bitcoin has become a commodity,


And we can't control it by a single country 


Since it's a global asset 


Also, the phenomenon of being used as currency in some countries has begun.


You can't see the picture in one puzzle,


When several puzzles come together, there is a possibility that a new picture will be completed. 


New finance can start completely different from the current financial system. 


This does not mean that existing finance will disappear and all systems will be overthrown. 


I'm in a virtual space including the metaverse 


A whole new community and lifestyle


The cornerstones that could be achieved without the control of any state began to be laid on the ground. 


Before that, a solid wall that seemed like it would never be able to go beyond the unit of state


It looks like a tiny hole is being drilled one by one. 


It's by the movement of Bitcoin.




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