I really like seeing US policy turning more and more pro-Bitcoin. If the plan to establish a Strategic Bitcoin (BTC, not crypto) Reserve really goes through, we should expect to see a huge, possibly order-of-magnitude (10x) price increase in the coming year or two. It looks like 2025 will be a very interesting year for Bitcoin HoDLers, different from (and better than) past cycles. It could even mean that the "rinse and repeat" cycle strategy of some of us should, perhaps, be revised to something like "never rinse, buy when you can, sell when you must". I, for one, am very hesitant to sell large chunks at the supposed peak of this cycle ($200k? More?)... Will it really be the peak, or the beginning of a major long-term uptrend? Will there ever be a "Bitcoin winter"? Perhaps I'm too bullish and will miss the chance to multiply my stash by "selling high, buying low", but I just can't bear the thought of selling and not being able to buy back.
It's kind of sad that the EU does not follow suit and is still very anti-Bitcoin, but the US is bound to affect EU policy sooner or later.
Onwards and upwards. What a time to be alive!
Similar thoughts as mine...
As for MICA/TFR it seems like i will distribute a minor amount of bitcoin from cold storage to various regulated exchanges (like Kraken, Coinbase...) as well as unregulated, chinese exchanges, to maintain flexibility and still have BTC available on exchanges to convert to stablecoins and subsquently cash out in USD/EUR equivalent, in small amounts (sub 1k). Tedious but i really try to stay under the radar, not to evade taxation (because this portion of my corn is tax-free), but to avoid further complications like frozen bank accounts, unconvenient discussion with authorities and banking staff and what else you can think of in these regards.
Still, i will have to see what regulated exchanges need to know about the origin of my funds, to finally accept them for trading in a complient manner.
Regulations may be justified, but they don't have to be such a pain-in-the-ass for individuals.
does somebody have a list of the actual non-kyc exchanges?
