Bitcoin’s economic game theory is continuing to play out in the U.S. as lawmakers from 5 states just flashed a bullish sign for Bitcoin miners…
Last week, Georgia and Illinois each introduced bills offering tax incentives for cryptocurrency mining.
Through the legislation, the states said that they were considering state tax exemptions for the sale or use of electricity when crypto mining.
That’s because, while crypto mining is a profitable endeavor, it’s energy-intensive… and oftentimes, costly.
Yet, Georgia and Illinois aren’t alone in this push. Prior to this development, Texas and Kentucky approved similar tax breaks to entice crypto miners to operate within their states. Colorado approved crypto-tax payments as well just last week.
Meanwhile, several senators on the federal level have voiced their support of broader crypto-tax incentives. In, fact, many lawmakers are looking to ensure that the highly-contested U.S. infrastructure bill does not include a provision to tax crypto miners.
This trend will likely only continue to grow moving forward. That’s because individuals and businesses that mine cryptocurrencies want to move to states that not only offer attractive incentives, but also provide the energy needed to power their operations.
In turn, this trickles down to the rest of a state’s economy, as it means more spending on power and data centers… while also boosting the overall revenue a state can generate.
And while it will take time for these bills to pass, those that capitalize on the opportunity now are only poised to profit…
3 Huge Opportunities Created by the Bitcoin “Correction”
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If you’re like me, you think Bitcoin’s recent correction is actually GREAT news.
No bull market ever goes up in a straight line, and this dip is yet another new opportunity to participate in one of the greatest crypto bull markets of all time.
But as excited as I am about Bitcoin in the weeks and months ahead…
Our research tells us that the opportunity in Bitcoin pales in comparison to the three crypto opportunities we’re looking at right now.
In our urgent crypto briefing, I walk you through the best way I know to take advantage of each, starting right away.
What’s more, we cover a short list of new cryptos that we believe have the best potential to be the NEXT Bitcoins, collectively creating greater wealth for investors than Bitcoin ever has, or probably ever will.
To put that in perspective, if you had bought $100 worth of Bitcoin when it was still unknown and undiscovered — much like the three cryptos we cover here — that $100 would be worth more than $55 MILLION today.
So, wouldn’t you agree that sitting down with a cup of coffee and spending 40 minutes learning about what could be the NEXT Bitcoins is a worthwhile investment of your time?
If so, please take some time to watch this short video.
