I know many feel like the end of the rainbow for Shibu is .01. At least, that’s what I keep reading. Seems like everyone is holding till this price hits .01. I get it, if you have 100M tokens, a price of .01 means you walk away with $1million. Or do you? If you look at Biden’s tax plans for us “crypto investors”, a Million is starting to look an awful lot like $300k. If you figure capital gains + income tax which, word on the street is now suggesting could be somewhere around 54% for capital gains and close to 46% on income over $250k.
I think we should continue to buy and hold through this administration. Crypto is becoming a great hedge against inflation. Crypto is our generations “gold”. Except, this gold, sits in a digital wallet. Inflation right now, is at a historical all time high. The economy is in strong, but is also very volatile under Biden. It would be nice to be able to move digital assets onto external vaults like encrypted hard drives etc. but I don’t see that happening.
I think holding might be the greatest strategy. Not only to secure our investments from over taxation, but also to hedge against inflation and there is a 98% probability that our investments will make 10-20x what a bank or other investment vehicle can return in 2-3 years. Otherwise, there would be hundreds of billions in our banks and Treasury allowing them to leverage 10 times to sell bonds, and for foreign aide. Plus the billions lost in tax revenue.
Keep buying and hold, whether it be Shib, Doge, Cardono, XLM, XRP, Poly, it doesn’t matter! Just keep buying and hold.