BREAKDOWN: What Biden's Tax Hike Has to Do With Money Printing and Inflation

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CoinDesk

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4.7 • 698 Ratings

🗓️ 23 April 2021

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Some say this amounts to a way to profit off assets inflated by monetary policy. This episode is sponsored by Nexo.io. Today on the Brief: Coinbase Pro to list USDT A new Bitcoin Mayor in Tennessee ETH and BTC ETF updates Our main discussion looks at President Biden’s proposed increase of the capital gains tax rate. NLW breaks down everything bitcoiners are saying about it, with a particular focus on what it has to do with monetary policy. - Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io. - Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!) - Image credit: Doug Mills-Pool/Getty Images See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:43.9	Wondery UK. That's audible.com slash Wondery UK.
0:49.4	I think the global competition for entrepreneurial talent is going to do nothing but increase.
0:54.4	I don't know that Biden's capital gains tax would fundamentally change that, but it could.
0:59.0	And in the future, politicians are going to have to think a lot more about themselves as
1:03.1	competing with other jurisdictions.
1:06.5	Welcome back to The Breakdown with me, NLW.
1:10.6	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
1:17.4	The breakdown is sponsored by nexus.io and produced and distributed by CoinDess.
1:24.1	What's going on, guys? It is Friday, April 23rd, and today we are talking about what Biden's
1:30.6	tax plan has to do with money printing and inflation. First up, however, let's do the brief.
1:37.3	First on the brief today, Coinbase is listing Tether on their pro service. We've talked a lot
1:43.9	about FUD categories this year, and up until a couple months ago, Tether on their pro service. We've talked a lot about FUD categories this year, and up until a
1:46.4	couple months ago, Tether was way up there. Since the settlement with the New York Attorney General,
	...

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