This could be the fall of the bitcoin

Bitcoin saw an enormous success in the late 2020. I had expected that governments will introduce regulations and taxation. And it seems like the time has come too! But as the law of gravity states, what has taken off has to, at some point, fall down. Will this halt the raise of the crypto currency? Or could this be the fall of the bitcoin?

Here is some info from South Korea:

“On Jan. 8, the South Korean government issued an amendment to introduce a tax on cryptocurrency trading profits. It will be enacted in February, and profits from buying and selling cryptos in South Korea will be taxed at 20% starting in 2022.”

It is still too early to speculate where the bitcoin wind will blow. It is still a very risky asset , even though the owners of bitcoin will tell you otherwise.

people buy bitcoins for two reasons, because they believe in the long term this investment will bring them lots of money and because they believe in decentralisation.

My prediction for 2021 is that bitcoin will continue to rise, at least until September. Once more and more governments put regulations then the price will start falling. This will be the time when the illusion of decentralised currency will fall. At that time only the banks will remain and they might try to replace bitcoin with similar currency that is under their control and make the usage of other crypto currencies way too expensive.

What do you think?

Aleks Vladimriov is a Senior Software Developer, recognized Project Manager and Soft-skilled trainer and a coach.

Aleks Vladimirov

Solution Engineering Manager at Thales | Senior IT Professional | Startup Mentor and Product Manager

Bio

Aleks is experienced Product Manager with an engineer background and over 10 years of experience as a software developer. He works with different governments and is responsible for negotiation features and requirements, understanding the customers’ needs and supporting the senior management with regular reports and analysis. He held various positions starting as a software developer, moving to a team leader and software architect.

He strives in waterfall and agile environment alike. He is certified Scrum Master and Prince2 Practitioner and he knows how to design business processes and help teams optimize their work.
During his tenure, he had to wear many hats, prioritizing business requirements, delegating work and mentoring team members, creating mockups with Balsamiq, providing MS Project plan to the senior management.

He had worked in many international teams, located in the same city or distributed in different countries and continents. He had been a team leader of cross functional international team of 8 people.

In his current position, he is very much client focused. He has excellent presentation skills.
He delivers training sessions on presentation skills and leadership and he had helped hundred of people to improve their presentation skills.

He is also interested in creating more positive changes in the workplace by using entrepreneurship skills.
He had won startup competition where his team had validated and develop a business idea from scratch.

In his free time, he writes in his blog about effective product development.