Cryptocurrency investors are keeping an eye on market movements since former President Donald Trump took office, for the second time, the presidency of the United States. Considered the first candidate to accept donations in digital assets, including bitcoin, and signaling that it should create a federal cryptocurrency reserve, he himself and First Lady Melania Trump each created their own respective digital currency, with high appreciation after the inauguration. Experts in the field recommend caution
The euphoria of Trump's possession, his nationalist speech and the shift in economic policy in the United States may have contributed to helping raise the price of the crypto asset in general and the 'memecoins' created by him and the First Lady, evaluate Luis Fernando Cabral, accountant specialized in accounting for investors, from Trader's Accountant. According to him, it is not that the purchase of crypto assets is not recommended, but it is necessary to analyze the market to know if it is the right time to buy or sell certain currencies
Trump has already said in interviews and speeches that he wants to make the United States a kind of cryptocurrency hub. Inclusive, creating your 'memecoin' $Trump, that reached a valuation of 680% and, two days later, fell to 450%, just like the first lady's cryptocurrency, that exceeded 25% appreciation, but it slowed down a few days after the inauguration. This movement is natural, that is why I always recommend caution, analysis and the help of a specialist who can guide the buying and selling. After all, "it is also necessary to think about the subsequent tax consequences", alert the accountant
According to Luis Fernando, the investor must pay attention to the obligation to declare crypto assets, because many people are obliged, but do not file the declaration. The tax only applies to earnings greater than R$ 35 thousand per month on national exchanges. From then on, 15% is charged on earnings up to R$ 5 million, 17,5% between R$ 5 million and R$ 10 million, 20% between R$ 10 million and R$ 30 million and 22,5% on earnings above R$ 30 million per month. When the sale of the asset occurs on foreign exchanges, the taxation is fixed at 15%, but without any kind of exemption. "Therefore, it is necessary to assess whether it is worth getting on the bandwagon of a crypto asset", to determine if it is temporary or not and analyze the consequences
