What is the impact of millage rates on cryptocurrency investments?

1 answers

• Dec 19, 2021 · 3 years ago
  At BYDFi, we believe that millage rates can have a significant impact on cryptocurrency investments. High millage rates can lead to increased tax burdens for individuals, which may reduce their disposable income and limit their ability to invest in cryptocurrencies. On the other hand, low millage rates can provide individuals with more disposable income, which can potentially lead to increased investments in cryptocurrencies. It's important for investors to consider the impact of millage rates on their overall investment strategy and to stay informed about any changes in millage rates that may affect their investments.
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