Japanese Bitcoin Treasury Firms Keep Beating BTC. Tax Policy Makes Outperforming U.S. Peers the Easy Part

Veteran trader Peter Brandt remains optimistic despite Bitcoin's recent price decline, projecting that BTC could reach $200,000 in the next market cycle. Brandt views the current downturn as a necessary correction, suggesting that it may pave the way for future growth in the cryptocurrency market.

Rep. Warren Davidson has introduced legislation that permits federal tax payments in Bitcoin (BTC) without incurring capital gains taxes. This initiative aims to enhance the U.S. Strategic Bitcoin Reserve, promoting the use of cryptocurrency in federal financial operations.

Bitcoin's value has declined as Japan's substantial $135 billion stimulus package impacts global markets. This downturn reflects heightened investor anxiety and a bearish sentiment in the cryptocurrency market, particularly as the UK intensifies its efforts against Russian money laundering and sanctions evasion involving cryptocurrencies.

Bitcoin's value has declined as Japan's substantial $135 billion stimulus package impacts global markets. This downturn reflects heightened investor anxiety and a bearish sentiment in the cryptocurrency market, particularly as the UK intensifies its efforts against Russian money laundering and sanctions evasion involving crypto.

Strategy's stock price has sharply declined alongside Bitcoin, marking one of its worst drawdowns since adopting a Bitcoin treasury strategy in 2020. The company's significant exposure to Bitcoin has raised concerns among investors as the cryptocurrency's value continues to fluctuate.

Bitcoin's price has plummeted to $83,000 as market participants react to Japan's substantial $135 billion stimulus package. This decline reflects growing investor anxiety and a bearish sentiment in the cryptocurrency market, exacerbated by recent price fluctuations and signals indicating a potential further drop. The overall market sentiment remains negative, with Bitcoin experiencing significant volatility.

U.S.-listed Bitcoin and Ethereum exchange-traded funds (ETFs) have experienced unprecedented outflows, totaling $3.79 billion in November. This significant withdrawal reflects a growing trend of investors moving away from these cryptocurrencies amidst declining prices and market volatility.

The recent decline of the yen has historically been associated with a risk-on sentiment in financial markets. However, this trend is now being questioned due to Japan's increasing fiscal pressures, which may alter the dynamics of risk assets, including Bitcoin (BTC).