Redirecting Investment from Crypto to Stocks
Advocating for a crypto tax in the UK, Gordon believes it could shift investments towards local stocks and aid in economic growth. She highlighted the disparity between the high ownership of cryptocurrencies among the under-45 population in the UK and the lack of investment in traditional equities. Gordon's proposal includes reducing the stamp duty on shares listed on the London Stock Exchange to incentivize more people to invest in British businesses. She criticized cryptocurrencies as "non-productive assets" and emphasized the importance of equities in generating capital for businesses and supporting economic growth. Despite challenges facing the UK stock market, Gordon remains optimistic and believes that implementing crypto taxation could help revive the market and stimulate investment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget donates HK$12 million to support fire rescue and reconstruction efforts in Tai Po, Hong Kong
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
