Today is election day here in Romania, and as always, I’m doing what I’ve done every election: staying far, far away from this shit. I don’t believe in elections at all. To me, governments and so-called leaders in most countries aren’t elected—they’re selected.
In 35 years of democracy in this country, all I’ve seen is that these fuckers chase their own interests. No matter how fancy their promises sound every four years, nothing ever materializes. That’s why I’ve adopted George Carlin’s approach to election day.
That said, our politicians recently passed a law stating that until July 31, 2025, we won’t have to pay taxes on crypto. Personally, I’ve rarely cashed out crypto into a traditional bank account, so I’ve never paid taxes on it. But if the bull market rewards me heavily next year, I might pour some cash into a bank account before the deadline.
It would be amazing to cash out enough to buy myself a house or apartment, but it’s too early to make any conclusions. Then again, knowing how wild things can get in crypto, I wouldn’t be surprised if I end up selling most of my holdings by August 2025.
Now, about the reasoning behind this law... The official line is that the government wants to encourage investors to “move from digital currencies to classic forms of money.” Imagine that—we’ve reached a point where governments are trying to lure us back into traditional banking.
It almost feels like they’re losing ground with their “classic banking” system and scrambling to save what’s left. Or better yet, they’re trying to merge the two worlds.
Another official reason is that they want to incentivize investors to cash out their profits and spend within the country’s borders. My take? These bastards know all about the four-year crypto cycles, they’re heavily invested themselves, and they want to cash out tax-free.
Laws are never created for our benefit—it’s always about serving those at the top of the pyramid. They frame it as being in our best interest, but we all know better.
Anyway, we’ll see how the bull market unfolds. If I’m lucky enough to “make it” in crypto by July 2025, I’ll consider cashing out some profits to buy myself a house—because, trust me, I need one.
But I’m not putting all my eggs in a bank basket. I’ve been in crypto far too long to be fooled by bankers.
That’s it from me for now. Hope you’re having a great Sunday, and see you all next time.
Thanks for your attention,
Adrian