Organizational trends in Japan deserve attention. They are considering reducing the cryptocurrency tax from 55% to 20%. If implemented, significant amounts of Japanese individual investors' money will flow in.
In the 2017 bull market, individual investors in Japan were an important driving force. High tax rates in past years had forced them to stay away, and now the direction of policies is changing. This is not positive news in the short term; rather, it represents structural changes in sources of funds.
