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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

Same Bitcoin in the New Year

Despite the fact that it is a new year, Tuesday saw no change in the price of Bitcoin and other cryptocurrencies. Moving into 2023, cryptos will continue to experience major challenges. The largest digital asset has been trading flat over the last 24 hours at under $16,750, returning it to the $16,500 to $17,000 band that dominated trading for the majority of the previous month. While last year's selloff coincided with the decline in the stock market, losses were made worse by fractures in the cryptocurrency industry, including the collapse of the stablecoin ecosystem Terra and FTX's unexpected bankruptcy. The digital asset market enters the new year with reduced pricing, dwindling interest from both institutional and retail investors, and global regulatory uncertainty.

The picture from a technical standpoint continues to be pessimistic because Bitcoin fell by around 20% in only the final two months of the year alone, and it has only minimally recovered from two-year lows recorded in the depths of November trading. We interpret the market's failure to respond to oversold conditions with a significant relief rally in Bitcoin as a warning to respect the downtrend currently in place. In line with its long-term downtrend, bitcoin has been consolidating below its 50-day moving average and "exhibiting poor short-term momentum." Despite the fact that a bounce would be supported by a breakout over this level, at $16,800, the next resistance level around $18,500 appears dangerous.
The possibility of the price of bitcoin falling to a support level near $13,900 is increased if major support levels around $15,000 are broken.

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