Cardano’s co-founder Charles Hoskinson made an analogy about the United States Internal Revenue Service (IRS) hurting taxpayers in the country. In a social media post on X (formerly Twitter), Hoskinson described the present state of the crypto market likening it to the historical sell-offs that take place when taxes are due.
“Every year, there is a large asset sell-off for April 15th as taxes are due. Then the IRS (represented as Ivan the Terrible here) ponders why it killed its own son (you the taxpayers).”
Every year, there is a large asset sell-off for April 15th as taxes are due. Then the IRS (represented as Ivan the Terrible here) ponders why it killed its own son (you the taxpayers). https://t.co/TvfgQnKhUh pic.twitter.com/YyUHGoRoQE
— Charles Hoskinson (@IOHK_Charles) April 13, 2024
Hoskinson’s Tax Deadline Sell-offs
The crypto market faces plunging figures in the last 24 hours due to macroeconomic factors and geopolitical tensions as investors move funds from risky
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