Will the US government ban Bitcoin purchases?

Americans can invest $ 40 billion of government support in bitcoin and stocks. The famous billionaire suggested that the United States could ban cryptocurrency investments.

Recipients of direct stimulus payments in the United States totaling $ 380 billion can spend 10% of them on the purchase of bitcoin and shares, according to a survey of the Japanese investment banking company Mizuho Securities.

According to CNN, about 90% of US households are eligible for benefits. Eligible citizens are entitled to checks for $ 1,400, and a couple with two children can expect to receive $ 5,600.

Meanwhile, the founder of one of the world’s largest investment funds Bridgewater Associates, Ray Dalio, believes that the US government may prohibit investing in bitcoin and other cryptocurrencies, as well as gold, writes RBC.

According to Dalio, the American authorities will only increase taxes in the future, and the transfer of capital to crypto assets will make it possible to evade their payment.

The billionaire recalled the initiative of a group of senators led by Elizabeth Warren, who want to raise taxes in the country for the super-rich. This law is unlikely to be passed in 2021, but the chances of introducing these taxes are “very high” over the next few years.

Earlier, Bridgewater Associates noted that they are ready to buy bitcoin if its volatility decreases and liquidity increases.

This week, Indian authorities confirmed a plan to ban the ownership of Bitcoin and other cryptocurrencies. Indian law is expected to become one of the most stringent cryptocurrency regulations in the world and will criminalize the ownership, issuance, mining, trading and transfer of cryptocurrency assets.

“The last stage of Bitcoin’s growth was associated with speculative expectations of increased purchases from retail investors who will receive“ helicopter money ”from the new US administration. However, the latest price cut could greatly scare off potential lay investors, who will end up with the coveted check from the government, ”said the FxPro analyst team.

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