Bitcoin has become a hot topic all over the world. It is also attracting attention for investment purposes, and it is a currency that can get a large return depending on the operation, but there are cases where you lose the currency you were depositing due to the fierce price volatility, closure to the virtual currency exchange or trouble.
Managing assets with Bitcoin carries a great deal of risk.
The immediate bitcoin allows you to save time with bitcoins and replace bitcoins with trading to operate as time deposits, so stable asset management that does not suffer from coin price fluctuations you can continue.
In addition, Own bank has a high interest rate of 14.0% compared to Japanese banks, so it is the best asset management bank, such as the ability to cover taxes generated by the profits of virtual currencies with high interest rates through time deposits.
If the profit obtained from trading bitcoin or virtual currency exceeds 200,000 yen, it is necessary to report the transaction profit or the amount used for purchasing the product as miscellaneous income by tax return, and it is necessary to pay it as income tax there is.
The tax rate is up to 45% due to progressive taxation, and if you include 10% of the inhabitant tax even.
If you make a big profit with Bitcoin, there is a possibility that the tax will be more than half. By making a time deposit, it is possible to make up for the amount paid by taxes with the long-term operation of the time deposit depending on the interest.
The Japanese have been educated since childhood to save money anyway. The teachings from that childhood are close to brainwashing and cannot be easily solved.
But does it make sense to deposit money in a bank with an interest rate of almost zero?
If you can think of it even a little, you will have doubts about saving money in Japanese banks, which has a wide field of view.
Looking at not only Japan but the world, there are many banks with interest rates above 10%.Depositing money is like making an investment.
If you invest valuable assets, you cannot protect and increase assets without investing in countries and companies where economic growth can be expect.
Conversely, depositing only at Japanese banks, where economic growth cannot be expected, increases the risk.
Libra a stable coin
Libra is characterized as a stable coin also called a peg currency with little price fluctuation. The Libra Association reserves a reserve called Libra Reserve, which is composed mainly of currencies of countries with stable economies such as the US dollar, euro, pound, and yen, and issues up to the same amount of Libra. In other words, the purpose is to support the value of Libra and stabilize the price with collateral of assets centered on fiat currencies. Bitcoin tends to have large volatility price fluctuation range because the price fluctuates depending on the market supply and demand, but it is explained by Libra that it can be suppressed as much as possible. Another typical stable coin is Tetherthat stabilizes the price with dollars as collateral, but Libra is trying to establish further security by adopting more fiat currencies.
In recent years, virtual currency has attracted a lot of attention, with Bitcoin as the first example, but there are many hurdles such as security verification and legal development before it is accepted as a payment method.
However, when these issues are resolved, the day may come when virtual currencies will replace the currencies of their respective countries and become a universal currency. This time, let’s consider the reason why virtual currency can become the world’s common currency in the future.
If it becomes possible to send money using virtual currency common throughout the world, it may become common for individuals to contract with overseas companies and receive compensation for virtual labor in virtual currency. In the future, the field of work will expand as the international spread of virtual currencies. It is important to think about your own way of working in preparation for a future in which virtual currency becomes a unified currency.
