Tuesday September 13, 2022 – Cryptocurreny has taken a hit. The values have fallen and have not shown the ability to rebound.
With the fall in value, one year in, El Salvado’s Bitcoin experiment has been described as a “Spectacular Failure.” President Bukele’s promise of building :”Bit Coin City” has not materialized – and it doesn’t look as if it will be any time soon.
In addition, the promise of cryptocurrenies as antidotes to totalitarian governments and central banks has been shown, through international events, to fall short of that promise, And, may, in fact, assist as an instrument of tyranny.
Attorney Steven A. Leahy walks you through the Crypto jungle on Today’s Tax Talk.