India's aggressive tax policy legalizes Bitcoin while incentivizing hodling Bitcoin for 1 billion people.

India's aggressive tax policy legalizes Bitcoin while incentivizing hodling Bitcoin for 1 billion people. This is the kind of ironic policies one would expect from a bunch of people who are out of touch with a new Revolution that will resolve soon into the world's first truly free market in digital property.

Once bitcoin's market cap eclipses a Nations GDP I would fully expect for them to incentivize spending Bitcoin in their economy and this what happened with zero taxation.

Especially for those economies that simply tax transactions at 5% you only need Bitcoin to move hand 20 times and they will have generated a full Bitcoin of value....

This story is really about the morons running India and their population needs to be very concerned here.