What do taxation, inflation, and capital controls do with Bitcoin Cash and other cryptos?

What do taxation, inflation, and capital controls do with Bitcoin Cash and perhaps other cryptos with a limited or capped supply?

Many countries had to print money a few months ago to save their rich and powerful buddies. Most of the money printing went to corporations and not the people, only a few dollars went to people directly, yet it will be the people who will pay the whole bill once the bill comes due; the money printing plus interest must be paid somehow. You can bet it will be the regular person in the street that will pay the price at the end of the day.

Inflation is happening in the US because many places had to close thanks to government mandates. As such, the price of products and services of the remaining business still open will go up because they have no competition. Many other people are afraid to start their business again either because they fear another lockdown where your business is declared not essential. You get closed and lose your investment. And the other reason is the money printing from the government. The stimulus and government bailouts are just money printing gimmicks by the governments and the central banks.

You can't print real wealth. You can only print digits on a screen and paper; no wonder why governments want digital currencies that will print infinity money, and you will become well homeless. If the digital printed currency is the norm, you can bet they will print and print until you have nothing of value in your hands. That is the big difference when it comes to Bitcoin Cash which is a digital currency. Still, unlike bankers and their friends. if governments choose cryptos with a limited supply, the government's limit is set in code where only 21 million coins will ever be printed, which is a better asset than something else that the bank can print

All the stimulus and the bailouts will come due, and some of those charges we are paying right now as I write this article, just before this crisis, a pound of meat cost you at most $5.00 now that same pound of beef will cost you $14.99. Same with milk, eggs, and food in general. When it comes to the price of the essentials, the price is going up and up, and that's inflation, nothing else, nothing more, but the government won't tell you that until it is too late and your money is worthless.

To try to curve inflation, the government will try to tax you more, and they will also try to increase the central banks' interest rate well; the rumor that Biden wants to increase the capital taxes 30% is just something that you should have expected, and since the democrats have 51% in the congress that rumor/proposal can become law very shortly. If that becomes a reality, you can bet the stock market will collapse. As many investors will sell for fiat, many will start to look for places to park that money and avoid that tax increase.

If you buy gold and any precious metal in a deal or dealers with the cash, you could avoid paying capital gains taxes because the government won't know who has what, but guess what? That little loophole will be closed once they see people moving their money out of the fiat system, and as you know, the land of the enslaved person once in the past took the gold from the American people, and I fear that will happen again. And that's the whole reason I don't recommend buying precious metal because the government took it from the people once they can do it again, and if you refused to give your metals, you would be sentenced to 10 years in prison.

That's where cryptocurrencies come to mind, as long as you buy your cryptos peer to peer the government won't know who has what and where, and in the case of Bitcoin Cash which works better than Bitcoin BTC and it is the real deal in my opinion because BCH is a peer to peer currency first. It will be a store of value second. Once the government realizes that people are getting out of the fiat system thank to fiat losing purchasing power, the next thing they will do is impose capital controls. I hope that you have your money already in Bitcoin Cash or any other coin with a limited supply by that time.

Bitcoin Cash will be king in a hyperinflation world and capital control world because you will be able to use it to buy goods and services without paying too much in fees. In places where hyperinflation is already a reality, you will notice that people are using Bitcoin Cash instead of Bitcoin Core and choosing to save in BCH because they know they will be able to afford the fees in the future. Those that believe BTC is a store of value. Those same people in Venezuela and Argentina would be holding BTC instead.

Only the rich can afford those transaction fees, and if they continue to be arrogant, thinking that they are the ones that make the world go around and only them, they will realize that the poor will eat their cake. The rich will lose significantly if they don't change to money that rich and poor can use; otherwise, they will realize that those who don't change their thinking are left behind in the crypto world. The rich are trying to hold into BTC because so far concentrating wealth into a few hands has worked in the past, and they think that the same will happen with Bitcoin that people will be forced into using BTC and their custodian services for the poor who can't afford the on-chain fees.

The rich that hold BTC hasn't realized or don't want to believe that the poor can now choose. In the past, the poor did as told, but this time is different; the poor can determine their own money and best money and the only money you should hold is Bitcoin Cash. Remember something Bitcoin is the first real money that the world saw, and as such, you don't need any other money to make your daily transactions. Bitcoin Cash was born in 2009 as the real Bitcoin too. The fork was just the rich trying to take Bitcoin for themselves only. Yes, the Bitcoin Core supporters admitted that they have 1 Mb blocks to have the rich and powerful happy, and the banks, in general, keep the 1% content. They think that concentrating BTC only in the hands of the rich will force the poor to use custodian services and work for BTC just because the rich hold it. Great mistake because the poor learn that Bitcoin Cash is the real Bitcoin and works as such. Bitcoin is Bitcoin BCH, period.

In places where hyperinflation is a problem already, those people are buying and holding Bitcoin Cash not because it is a lot cheaper than Core it is because they have learned by now that they need money they can use, not money that will be sitting pretty all the time, in other words, those people in hyperinflation countries have learned the lessons of money printing by their local government and now can't be fooled into buying Bitcoin Core because they realize they can't use it because of the fees. And Americans will recognize that too in full once the dollar goes the way of the Zimbabwe dollar.

I will end my article by saying that inflation is already in the United States. Maybe hyperinflation is next. In the US, tax increases to pay for the previous money printing are already being proposed. I suspect that governments worldwide will implement capital controls and more taxation in the future. It will be those that have very little money that will pay it. The rich will move to another location or avoid paying those taxes by using loopholes. And I also think that precious metals will be heavily regulated and taxed, and at last, I believe capital control will be an everyday thing as well, to try to keep your trap on a collapsing economy.

I think that cryptos will be hit with nasty regulations and taxation, and who knows what else? The government fear crypto as a whole not because they are crypto but because they are peer to peer and that Bitcoin Cash is doing a fantastic job, and remember they can regulate as much as they want, but it is your private key, so if you want you can choose not to comply as well. And if things get too complicated and your Bitcoin Cash is so much value that your government wants half or more, you can always put your 24 or 12 seed words in your head and move on to the next border. Just make sure you know the price of that action and tell no one about your intentions.

In my case, I am only exercising my free speech right and also telling you a fairy tale. Avoiding taxes is something that I use to bring your attention to my article, but the truth is, I imagine things. Those thoughts are just words from a mentally ill person, so don't do that if you don't want to be put in a mental hospital, especially if you don't want to pay your fair share whatever that means because my friends the crazy billionaires they also pay their taxes. I am crazy. Don't follow what I say, and since I am crazy, I pay my taxes just like the billionaires do.