India's aggressive tax policy legalizes Bitcoin while incentivizing hodling Bitcoin for 1 billion people. This is the kind of ironic policies one would expect from a bunch of people who are out of touch with a new Revolution that will resolve soon into the world's first truly free market in digital property.
Once bitcoin's market cap eclipses a Nations GDP, I would fully expect for them to incentivize spending Bitcoin in their economy and this what happens with zero taxation. So not only did India legalize Bitcoin they've created probably the strongest incentive to Simply HODL.
For those economies that simply tax transactions at 5% you only need Bitcoin to move hands, 020 times and they will have generated a full Bitcoin of value....
This story is really about the morons running India and how their population needs to be very concerned here.
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