India Could Turn Pro-Crypto as Bull Market Continues. Can $BEST Presale 100x in 2025?
India is famous for anti -Crepo’s method. After global emotional changes, it will quickly turn around. Since his appointed Crypto Donald Trump (Crypto Donald Trump) has been the President of the United States, countries seem to be using cryptocurrencies and India does not want to fall behind.
At present, the country has levied a severe 30 % capital profit tax on cryptocurrency assets, and has not distinguished long -term and short -term holdings. This is one of the highest tax boards in the country. In order to compare, only the bonus of lottery and gaming activities levied taxes at a unified tax rate of 30 %. Therefore, the Indian government believes that crypto assets are equivalent to gaming.
To make matters worse, a harsh amendment was proposed based on Article 158B of the Indian Income Tax Law, including virtual digital assets (VDA). If the tax appraiser is found to have unveiled encrypted asset crimes, it may be fined 70 % with a 70 % fine. Before that, the same rules were only applicable to unintentional money, gold bars and jewelry.
According to Amit Kumar Gupta, a practitioner at the Supreme Court of India, the country regards cryptocurrencies as a way of money laundering and terrorist funds. However, India’s position in cryptocurrencies seems to be changing.
Indian Economic Affairs Minister Ajay Seth accepted the fact that digital assets did not know the national border. The Indian government will review its position on cryptocurrencies and reduce existing strict taxes.
EL SALVADOR continues to buy Bitcoin
As several analysts predicted, some countries using cryptocurrencies can trigger global phenomena. This is exactly what seems to happen. Since Trump’s appointment, with the comprehensive support of the United States, more and more countries will promote encrypted legislation.
Salvador is a classic example. Since the beginning of 2025, the country has added 52 Bitcoin-the current 6,055 Bitcoin’s holding value is about $ 600 million.
Although the country has recently reached a $ 1.4B agreement with the International Monetary Fund, the agreement limits the public sector to participate in cryptocurrencies to ensure that the tax related to the company is only paid in the United States. The agreement also guarantees that it provides enterprises with Bitcoin voluntarily, which is an earliest compulsory requirement.
Although the International Monetary Fund is underwrimed, President Nayib Bukele believes that Bitcoin may benefit more than 70 % of ordinary public, and they cannot use old -fashioned banking methods.
The road of Bitcoin
In the past two months, Bitcoin has been trading. After Trump won the presidential election, it surpassed $ 109,000. However, since then, it has reduced the level of $ 91,000 three times, but the good news is that this support has remained strong.
The latest decline began on February 2. Since then, BTC has dropped by about 13 %, lower than the low of $ 91,530. Trump’s recent tariff announcement has caused this correction-the United States levies 25 % tariffs on goods imported from Canada and Mexico, while Chinese imported goods are levied 10 %.
Traders are anxious to close their public position-open interest decreased by 1.47 %, while the transactions of BTC derivatives have doubled in the same period. All in all, Bitcoin liquidated a long position worth $ 762 million.
Among the short -term encryption traders, fear is vaguely visible, but long -term Bitcoin holders believe that this is an opportunity for accumulation. PengtoA active cryptocurrency trader has 850,000 followers on X. He said that this odds are in favor of another macro bull operation in Bitcoin. He is expected to increase the market value of cryptocurrencies by 26 % again and reach about 4.2 tons.
Glassdote analysts James Check compares Bitcoin 2016-2017 cycle, which indicates that it is Bitcoin may soar to $ 120K-$ 150K In 2025.
Because long -term views still look positive, these short corrections are considered health for the market and should be regarded as an opportunity to add BTC to your investment portfolio.
If you want to use the upcoming bull running The best wallet tokens ($ Best)Essence
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$ Best is currently pre -sale and has raised $ 9 million so far. It is worth noting that it managed to raise $ 1 million within 14 days after the pre -sale was released.
You can buy $ 1 at $ 0.02385 now, but the price will rise in less than two days, so investors who are interested should get it as soon as possible. In addition, those who invested early will also benefit from the 191 % points rewards of the project.
However, this is not an investment proposal. We just provide honest insights. Similarly, because the encrypted economy will suffer fluctuations and several risks, it is important to conduct your own research before investing in any funds.
