Bitcoin Mining Tax Defeated (Debt Ceiling Deal)
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In this video, I discuss the breaking news that the US Bitcoin mining tax has been eliminated from the debt ceiling bill.
This was an unfair tax that politicized the use of electricity and would have had the undesirable effect of driving large US Bitcoin mining companies to dirtier grids overseas.
Banning Bitcoin or Bitcoin mining is like sawing off the branch that you are sitting on. It ends up hurting you and your country much more than the branch.
If you support technologies that make human lives better like:
Light bulbs
Electricity
Running water
Indoor heating and cooling
Then you should also support Bitcoin, which offers private property rights for 8 billion people that protects them from dictators and totalitarians.
Biden, McCarthy Voice Confidence Debt Deal Will Pass in Time:
https://www.bloomberg.com/news/articl...
White House Attacks Bitcoin Miners (Your Industry Is Next):
• White House Attac...
The DAME Tax: Making Cryptominers Pay for Costs They Impose on Others:
https://www.whitehouse.gov/cea/writte...
Bitcoin mining tax is dead for now:
https://twitter.com/WarrenDavidson/st...
Warren Davidson:
https://en.wikipedia.org/wiki/Warren_...
RFK, Jr. on Bitcoin mining:
https://twitter.com/RobertKennedyJr/s...
Bitcoiners: A Powerful New Political Force:
• Bitcoiners: A Pow...
China banned Bitcoin mining and became world’s No.2 Bitcoin miner:
https://forkast.news/china-banned-bit...
My favorite Bitcoin dashboard:
https://bitcoin.clarkmoody.com/dashbo...
Not investment advice! Consult a financial advisor.
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#bitcoinmining
Disclaimer
Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
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