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12/17/2024 10:50
Release： 12/17/2024 10:50
Update： 12/17/2024 10:50
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Touching the World of Cryptocurrency: Practical Investment Methods and Useful Knowledge
This report will be written in a series on my cryptocurrency site (http://bitcoin-newstart.com) where I share higher-level information that cannot be covered on the site. Compared to ordinary free articles, it focuses on more concrete and direct investment content. It prioritizes essential knowledge for investing, unpublished currencies, and market information. To reach more readers, we have set an affordable price, so please feel free to read it at this opportunity. (If you do not like it, you can unsubscribe immediately.) Update frequency is about four times a month (could be more), and articles are planned to be posted every Tuesday. (Even if delayed, they will be posted by Wednesday.) After logging in to GogoJungle, purchasers can subscribe to articles. When investing, please carefully consider the risks and act at your own risk.
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Cryptocurrency Market Analysis [December 17]

Today Bitcoin reached a record high of 16,000,000 yen, and later surged to around 16,500,000 yen. In dollar terms, it reached a market-high of 10,700 dollars.


It is also said that a major factor was Trump indicating in a recent interview that the United States would strategically stockpile Bitcoin.





Additionally, Ripple (XRP) is set to release the RLUSD stablecoin in the near future. A stablecoin is a cryptocurrency tied to the dollar, and by using RLUSD, XRP is expected to be used more, thus it is said to impact the price. Because of such developments, a price of 413 yen was recorded today.


I began holding XRP in 2016, when it was around 0.4 yen. After the 2018 " cremation mound" bubble burst, Ripple was sued by the U.S. SEC, and while the lawsuit raged, this year since Trump’s election the price surged dramatically, marking the highest rise since December 2017.

There had been one bubble up to then, but I think those who held Ripple for such a long time are amazing. I have sold some as well, so my asset value is lower than it was back then.

However, since I had somewhat given up, compared to when it was around 20 yen, it has multiplied twentyfold, so I feel lucky.


Recently, price forecasts for 2025, when Trump is scheduled to take office, have been pouring in.



As for Japan’s cryptocurrency taxation, the Democratic Party for the People is requesting separate taxation (20%), but it seems there is no clear prospect of this being implemented.

Unfortunately, Japan is behind everything when it comes to cryptocurrency...


Even with the current tax system, I intend to operate strategically while understanding the tax rates.



※In the paid subscription sections, we conduct more in-depth stock analysis.  I want to go beyond Bitcoin and Ethereum and incorporate more advanced investments. If you want to understand the future trends of the cryptocurrency market and ride that wave, please consider subscribing. Ongoing research is very important.


（This article has been distributed since 2016）

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