Fashion capital France wants to tax Bitcoin as a luxury item
This week, French Senator Sylvie Vermeillet presented a proposal that classifies Bitcoin and other digital assets as “unproductive” and suggests that they be taxed in the same way as luxury items or vacant property. The bill, part of the 2025 budget, foresees the application of taxes on unrealized gains that exceed €800,000.
This is quite curious, given that France holds a prominent position in the global luxury fashion market. The country is home to some of the largest conglomerates in the sector, such as LVMH, Kering, L’Oréal and Hermès. These companies represent almost a quarter of the total sales of the 100 largest luxury companies in the world, according to a ranking by the consultancy Deloitte.
With the recent rise, Bitcoin renews its all-time high in dollars, which was around US$ 102.7 thousand (about R$ 620 thousand). We believe that the favorable scenario with Trump's election along with the continuity of institutional demand. With this, BTC can renew these historic marks again in 2025.
Some more optimistic investors bet that the price could reach US$ 200, depending on the implementation of Trump's campaign proposals and the behavior of the global financial market.
Could someone tell me if it's good or if I need to improve? Note: I put 100 BRL from my salary that's left over every month #Solana’ #Doge. #XRPCommunity
A massive movement in the crypto market has traders on edge—42.2 BILLION $PEPE tokens (worth $849,000) have been withdrawn from Binance by a whale. Is it the calm before the storm? Let’s break it down:
📈 Current Market Snapshot
This move has already triggered a slight increase in $PEPE’s price. But the real question is: What’s next?
🤔 What Could Be Driving This Massive Transfer?
1️⃣ 🚨 Potential Sell-Off: The whale might be preparing to liquidate their holdings, potentially driving $PEPE’s price down sharply.
2️⃣ 🔒 Long-Term Storage: Is the whale signaling confidence in $PEPE’s future? Moving tokens to a cold wallet might indicate bullish long-term expectations.
3️⃣ 🌾 Staking or Farming Prep: If the tokens are being prepared for staking or farming, this could point to optimism and expected gains.
🌊 Market Implications
💥 Heightened Volatility: Expect price swings as traders react to this significant event. 🐂 Bull vs. Bear Clash: Buyers and sellers are likely to battle it out depending on the whale’s next move. 📊 Rising Trading Volume: Speculation is driving massive trading activity—are you ready to capitalize?
📌 What This Means for Traders
Opportunities: If the whale is betting on a bullish future, now could be a strategic entry point before a potential price rally.
Risks: A sell-off could cause a sharp dip. Stay cautious, and ensure your risk management is on point.
🔥 Final Take: Keep Your Eyes on $PEPE! 🔥
Whale moves often mark major market shifts. Whether this signals a bullish surge or a price correction, the implications for $PEPE are huge.
👀 Stay informed. Stay ahead. Make sure to monitor this closely and trade smart on Binance!
📢 Always DYOR and manage your risks carefully in volatile markets.
What is Pepe (PEPE)? Factors That May Influence Pepe Price in 2025 Pepe (PEPE) Price Prediction in 2025 Is Pepe (PEPE) a Good Investment? Is it Worth Investing in?
Of course, not everything is rosy in the realm of millionaire memes. Pepe comes with a fair share of risks. Some experts are raising red flags, warning about the need for careful analysis before jumping on this bandwagon. But let's be honest: who can resist the urge to turn an internet joke into a fortune?
Pepe's success is living – and humorous – proof that in the cryptocurrency universe, even a simple meme can become a market phenomenon, challenge traditional concepts of value and leave many people speechless.