... coming straight from wall street!
Governments/banks/tax department/ and all the rest who are scared of crypto currencies, have just given us the biggest bull signal on the crypto market ever. Sure they are all saying that bitcoun should go to $1000 and that it's a bubble etc. That's their way of spreading FUD, so they can drive prices down while they accumulate coins themselves.
The REAL bull signal is from the tax regulation that the world's countries are about to make. In most countries there is no tax on crypto profit. When the governments say "we need to tax crypto profit", they are also saying that this is going to generate a lot of profit (higher prices). How can one conclude that? Well if they sincerly thought that bitcoin was going to crash to $1000 or lower, it would be wisest not to tax crypto, since a lot of people would be able to make huge deductions on their tax sheet (with taxes comes deductions as well). And the government would end up losing a lot of taxes.
Quote dreamer81:
"By introducing taxes on crypto profit, you acknowledge that in the long run, it will generate a profit".
This is also why there is no tax on ponzi schemes, because they know people end up losing all their money in the end, and they would then be able to deduct all their loses.
Feel free to comment this if you agree/disagree