According to Statista, in 2020, over 55% of all Americans were investing in stocks. Dozens of trading platforms have emerged over the years, each offering a wide scope of functionalities and lucrative terms for new investors such as sign-up bonuses. Albeit the easy accessibility to everyone who wishes to get into it, trading is far from simple.
Millennials are turning to alternative investment options such as gold as a safe haven after their money was screwed by deep drops of the stock market in 2020. However, cryptocurrency is still their number one choice.
Investors are constantly looking for ways to make more money year in year. However, today's venture capitalists are caught in the confusion of which assets to put their money in. The debate investors are faced with now is choosing between traditional finances and crypto-assets or both.
After many Bitcoin traders experienced financial markets for the first time, they came to love the thrill of the trade, and how it feels to book each profitable position and show success for their skills gained over the years.
Japanese Deputy Prime Minister and Finance Minister Tarō Asō said he disagrees with the plan to lower the cryptocurrency tax to the same level as stocks. At the meeting of the Finance Committee of the House of Representatives, he stated that there was no intention to lower the cryptocurrency tax rate to 20%.
With the spread of smartphone-based apps and commission-free independent trading platforms, investing becomes accessible as never before. Now, in the times of Covid-19, many traders and brokers have a rare opportunity to play on market setbacks and turn them into a positive return.
Bitcoin is closing the week as it progresses through the consolidation process in the rising trend on April 24. Cryptocurrency traders and hodlers are focusing on the upcoming halving. The overall mood and technical indicators of the market are positive.
Bitcoin surged to hit over $7,500. It is now trading at up to $7,546 at several cryptocurrency exchanges such as Upbit, Binance, KuCoin, Bithumb, and others. On the other hand, stock markets have been on the decline as institutional selling and coronavirus treatment development failed to prove.