do a bit more research on it.. there’s talk of a significant capital gains being implemented by the Biden administration, which also includes crypto holdings. The move has already started to flush equity out of the market, and once it’s read into law you can expect a total collapse (if the numbers floating around are true).
Do you think that America will decide the fate of Crypto? It may send out some Wall Streeters but it won't affect Europe, Asia, Africa(highest per capita for wallets btw) south/central America.
VeChain just announced a Five Year partnership with the Chinese Govt to resolve and improve supply chain. And this Thursday ADA Cardano should be announcing a partnership with Ethiopia to use it to pay utility and Govt bills(high probability rumor). New Zealand just added Bitcoin to its pension retirement fund. Just a few examples.
The Capital gains will be on earners over 1 million. They don't run the crypto show. The only just started this year to stuck a toe in. Last year they hated it.
I'm not the one in need of research time. You however need to get out of the America is the only place on earth mentality. Wall St isn't driving this one. Their participation means less than you think.