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Will the United States buy bitcoin become the third country in the world to buy bitcoin?
United States will buy bitcoin. The United States holds approximately 200,000 bitcoins from legal cases. Meanwhile, the government is considering purchasing them.
While the strategic bitcoin reserve in the United States has yet to be established, it remains at the heart of discussions within the Trump administration. This reserve will consist of 198,012 bitcoins (worth $23.48 billion) resulting from legal cases. However, other bitcoins could be added to this reserve. As a reminder, the United States is the largest holder of bitcoins in the world, ahead of China, which has 194,000.
Additionally, there are “countless ways to accumulate bitcoins,” he said, such as buying as long as it’s “neutral” from a budget perspective. In reality, there aren’t many ways to acquire bitcoins these days. You either have to mine them or buy them.
Today, only two out of nine countries holding bitcoin are actually buying it. These are El Salvador (which recognized bitcoin as legal tender in 2021 before its bitcoin law was overturned by the IMF) and Bhutan, which hold 6,246 bitcoins and 11,286 bitcoins, respectively.
Evoking a form of game theory and domino effect, the expert bets on an explosion in the price of bitcoin in the event of a race to buy them by governments, while the supply of bitcoins in circulation is limited to 21 million units.
As a reminder, the price of Bitcoin has increased by 73% in one year, mainly driven by the arrival of Donald Trump in the White House. The American president intends to make the United States the world capital of cryptocurrencies, doing everything possible to develop the sector. On July 18, the United States enacted its first law aimed at regulating the crypto ecosystem, initially by regulating stablecoins.
Canadian passport ranked more powerful than the U.S.
Canadian passport have one of the most powerful passports in the world, ranking ahead of the United States in a global index.
U.K.-based consultancy firm Henley & Partners recently released this year’s global passport ranking. It’s based on mobility, meaning where in the world the holder of the passport can travel to without a visa. In order to rank the countries, it relies on exclusive information from travel information database, the International Air Transport Association (IATA).
The top-ranking country is Singapore. That’s because its passport holders have visa-free access to the most global destinations included in the list, at 193 destinations.
Passports receive a score if no visa is required. The same score is given if the passport holder can obtain a visa on arrival (VOA), a visitor’s permit, or an electronic travel authority (ETA) when entering the destination. An ETA, for example, is needed when Canadians enter the United Kingdom for travel purposes such as tourism, family visits, business, and short-term study.
Retraite : la sélection des 10 villes où s’installer à l’étranger pour en profiter à plein
EXCLUSIF – Au moment du passage à la retraite, s’expatrier pour doper son pouvoir d’achat et couler des jours heureux est alléchant. Encore faut-il sélectionner le bon pays, et surtout dénicher la ville qui coche toutes les cases. Capital vous dévoile la sélection du site retraitesansfrontieres.fr.
Ça n’est pas un secret. A la retraite, votre niveau de vie décline avec vos revenus. Préserver votre pouvoir d’achat en faisant vos valises pour un nouveau pays peut donc être tentant.
Une fois votre pays d’expatriation choisi, reste donc à trouver le lieu qui vous permettra de couler des jours heureux dans le cadre dont vous rêvez. Pour ce faire, rien de tel que de tester sur place
Portugal’s Golden Visa Emerges Strong as EU Shuts Down Malta Golden Passport
A decision by the European Court of Justice (ECJ) to declare Malta’s ‘Golden Passport’ illegal will have no impact on Portugal’s hugely popular, but significantly different, Golden Visa.
Malta’s Citizenship-by-Investment scheme, known as the Golden Passport, allowed wealthy individuals to obtain Maltese – and, therefore, EU citizenship – in exchange for a substantial financial investment.
But the ECJ found it violated EU law by reducing the acquisition of citizenship to a mere commercial transaction, dependent on predetermined payments or investments.
The end of the ‘non-dom’ tax status
The end of the “non-dom” tax status, which allowed millionaires to pay less tax, has already triggered a first wave of departures. If it continues, the exodus of the super-rich could have a significant impact on the British economy, the press warns.
The privileged tax status enjoyed by wealthy foreigners living in the United Kingdom no longer exists. Since 1799,
non-domiciled citizens were exempt from paying taxes on their income earned outside the country’s borders for fifteen years. That’s over.
