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BTC $77,621.17 -2.63%
ETH $2,439.28 -1.94%
BNB $690.04 -2.70%
XRP $1.38 -2.96%
SOL $103.73 -2.94%
TRX $0.3403 +0.47%
DOGE $0.0850 -2.93%
ADA $0.2006 -4.48%
BCH $246.66 -6.79%
LINK $11.35 -3.37%
HYPE $81.75 -1.66%
AAVE $120.90 -4.10%
SUI $0.7390 -2.70%
XLM $0.1779 -3.35%
ZEC $797.73 +1.23%

Analyst Willy Woo: Japan's classification of Bitcoin as a financial product will stimulate buying

2026-01-11 16:51:51

Regarding "Japan will classify Bitcoin as a financial product this year," crypto analyst Willy Woo commented, "The Japanese will be more motivated to buy Bitcoin. Classifying Bitcoin as a financial product means that the tax rate on Bitcoin gains (or transactions) will be 20%, rather than the marginal income tax rate (which is 43-55% if annual income exceeds $57,000). Metaplanet will lose its tax arbitrage advantage compared to self-custodied Bitcoin. About 110 cryptocurrencies are also included, with staking rewards taxed at the marginal tax rate."

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