Crypto Taxes, Peterffy Worried BTC Could Become “Worthless Or Banned” – Bitcoin.com News Week In Review

In this week’s succinct roundup of the hottest stories from Bitcoin.com News, a new Finder survey flips previous Ethereum price hopes upside down, with crypto experts predicting lower long-term prices for the asset. In addition, India calls on G20 countries to include cryptocurrencies as part of the “automatic exchange of information”, billionaire Thomas Peterffy discusses the investment and future legality of bitcoin, and the SEC Chairman Gary Gensler clarifies the US securities watchdog’s approach to crypto regulation.

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Finder Experts Predict Ethereum to Fall to $675 – Long-Term ETH Discounts Reduced

A panel of “industry experts” predicted that Ethereum would hit a low of $675 before the end of the year. They have “assumed lowered” their ether valuations since the start of 2022 and now expect the price of the cryptocurrency to end the year at $1,711 before rising to $5,739 by 2025 and $14,412 by 2030.

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India calls on G20 to bring crypto into global framework

India urges G20 to bring crypto into global ‘automatic exchange of information’ framework

India’s finance minister has called on G20 countries to include crypto as part of the ‘automatic exchange of information’. More than 100 countries have adopted the common reporting standard in the framework.

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Billionaire Thomas Peterffy Plans to Buy More Bitcoin Despite Concerns BTC Could

Billionaire Thomas Peterffy plans to buy Bitcoin despite concerns that BTC could ‘become worthless or outlawed’

Billionaire Thomas Peterffy, founder of Interactive Brokers, said he plans to buy more bitcoins if the price of the cryptocurrency hits $12,000. However, there remains concern that bitcoin could “become worthless or banned”.

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Gary Gensler Outlines What To Expect From The SEC On US Crypto Regulation

Gary Gensler Outlines What To Expect From The SEC On US Crypto Regulation

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has explained what to expect from the securities watchdog on crypto regulation. “We also have strong congressional authorities to use our exemption powers that we can tailor to investor protection,” he explained.

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What’s your take on the hottest stories from Bitcoin.com News this week? make sure to let us know in the comments section below.

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