Subscribe Bitcoin: Hedge Against Inflation Skip to main content

Featured

How the Saint Lucia Citizenship By Investment Program Can Benefit Crypto Investors Seeking a Tax Haven

  Photo by yousef alfuhigi on Unsplash Cryptocurrency investors are always on the lookout for tax-efficient solutions to minimize their tax liabilities. One option that is gaining popularity among investors is the Saint Lucia Citizenship By Investment Program. In this article, we'll explore how this program can benefit cryptocurrency investors looking for a tax haven country. Saint Lucia is a sovereign island country located in the Caribbean Sea. Its Citizenship By Investment Program (CIP) was established in 2015, allowing investors to obtain a second passport by making a qualifying investment in the country. Saint Lucia's CIP has become a popular choice for high-net-worth individuals and entrepreneurs seeking a safe haven to protect their assets and minimize their tax liabilities. Saint Lucia's second passport permits travel to 145+ global countries visa-free, including the United Kingdom, Singapore, Hong Kong, as well as the European Union countries. The Saint Lucia pass...
Read more
Labels

Bitcoin: Hedge Against Inflation


Bitcoin is sometimes referred to as 'digital gold,' and its restricted supply should theoretically safeguard it from inflation. Bitcoin maintained under self-custody is a systemic hedge since it operates on a completely different financial system than the existing one. To put it another way, Bitcoin is a hedge against the failure of modern financial infrastructure such as banks, clearing and settlement networks, foreign exchange markets, and payment rails, as well as inflation.

Despite everyone writing it off, Bitcoin, like the rest of the crypto sector, is recognized for its ability to withstand any hurdles and make strong comebacks. After achieving the daily high of $41,995, BTC may resume its climb, according to Bitcoin price predictions. 

Key levels:
Resistance Levels: $48,000, $50,000, $52,000
Support Levels: $32,000, $30,000, $28,000

Bitcoin is trading in the green today, hovering just above the 9-day and 21-day moving averages. A daily close over the upper boundary of the channel, on the other hand, might push the Bitcoin price up to the $45,000 resistance level. Traders should keep in mind, however, that a persistent price increase may draw in more buyers as bulls raise their positions.

Photo by Bermix Studio on Unsplash


Labels:
Location: Toronto, ON, Canada