ilmscore | The SEC Wants to Ban Passive Income | Crypto Under Attack

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Unrated: 0
Prediction
Topic
Status
Canada will implement a two-year ban on foreign ownership of real estate and tax vacant foreign-owned properties to address the housing shortage.
"so we're going to ban foreign ownership in Canada for the next two years and tax the existing vacant foreign owned properties"
CAD
Pending
The stock market is overdue for a correction, with historical data showing an average of three 5% pullbacks and one 10% correction annually.
"as for being overdue for a stock market correction I would actually tend to agree with this and price drops like these are actually a healthy sign for the market in fact since 1920 the S P 500 is seen on average a five percent pullback three times a year and on average a 10 correction happened every 16 months with an average loss of just over 15 percent"
Stock Market Correction
Pending
Cryptocurrency lending institutions will face an uphill battle due to the SEC's lack of understanding of cryptocurrency nuances, suggesting a prolonged regulatory challenge.
"the SEC is just years or decades behind the trend and until they're educated on the nuances of cryptocurrency it's probably going to be an uphill battle for crypto lending institutions"
Cryptocurrency Lending
Pending
Increased IRS reporting and taxation on cryptocurrency transactions are becoming the new normal, and this trend is expected to continue until the IRS prevails in enforcement.
"this is just going to be the new normal and just like lending accounts it's going to be an uphill battle until eventually the IRS wins"
Cryptocurrency Taxation
Pending
Taxing Roth IRA accounts above $5 million could set a precedent for further taxation on retirement accounts, though it is currently expected to affect a very small percentage of accounts.
"if this happens it certainly sets the precedent that if it starts here where does it end there's really no easy solution around this but from the way I see it these accounts are far from the norm very few of them exist and I'm sure far more people have made Investments like this and lost money than have made enough to be targeted from Congress with attacks on top of that"
Roth IRA Taxation
Pending
Canada's real estate shortage requires a focus on increasing new home construction to address the root cause, as other measures are considered temporary solutions.
"Canada needs more homes built and until they could solve the root of the issue anything else they do is simply a Band-Aid on a much bigger problem"
Canadian Real Estate Market
Pending