So as we know, Japan accepted and the price jumped to 2500$ and now on first july Australia is accepting bitcoin and from 1st August segwit is implemented (as I've read online). Will we see the $3500 price until september? Will that stabilize the price a little?
As the date of the actual implementation of the law comes we'll probably see a definitive rise in bitcoin price. Right now though it doesn't seem to affect btc value all that much at all, although it is recovering quite well from the crash earlier.
Eh?
As far as I know the only thing that might be changing is Australia taxing Bitcoin sensibly. Before that it had a ludicrous VAT thing.
It's not going to make much difference in the short term but it's all positive.
Yeah, the only thing that has really changed is the 10% GST that was charged on BTC purchases which made a lot of people unable to buy bitcoins because it would put them in the negatives instantly.. When this is gone it'll be easier for Australians to buy and sell BTC without having to worry about tax. Might not be the best policy that could be implemented but it's a step in the right direction.