Crypto Is Coming to Washington – And Is Now a Winning Issue

Crypto Is Coming to Washington – And Is Now a Winning Issue

I love the United States. But I can’t stand U.S. politics…

My work is for everyone. That’s why I don’t talk about politics in the Digital Asset Daily.

I’m too busy scouring markets and looking for ways to help you make money… And I rather focus on what unites my readers: Our goal of safely growing wealthier.

But there are times when I have to follow politics. That’s because policies coming out of Washington can have huge effects on the markets – and therefore, your portfolio.

I saw this happen back in March 2010, when President Barack Obama signed the Affordable Care Act (ACA) – also known as Obamacare.

The ACA significantly changed the healthcare system in the U.S. by reducing the amount individuals and families paid in uncompensated care.

The act required every American to have health insurance. And it provided assistance to those who couldn’t afford a plan.

Of course, Obamacare was a boon for healthcare stocks.

Over the next seven years, the Health Care Select Sector SPDR ETF (XLV) – which tracks the industry – rose as much as 137%. By comparison, the S&P 500 was up 114%.

I saw something similar in December 2018, when President Donald Trump signed the Tax Cut and Jobs Act (TCJA).

It was the most sweeping tax legislation in more than 30 years.

The TCJA reduced the corporate tax rate from 35% to 21%. That meant any company that had an effective tax rate of 35% in 2017 would’ve been able to hang onto an additional 14% of its profits in 2018.

U.S. multinational companies that held their overseas profits in tax-haven countries were some of the biggest beneficiaries.

Over the next two years, companies like Apple, Microsoft, and Facebook saw their stock rise 188%, 122%, and 97%, respectively. By comparison, the S&P 500 was up 35%.

So under those conditions that can impact your net worth, I will comment on politics – no matter how much I dislike it.

And right now, after facing years of hostility from politicians and regulators – the political winds are shifting in favor of cryptocurrency. And I believe it will mean even bigger returns for investors in this asset class.

Washington Is Getting Our Message