Bitcoin Millionaires are Moving To Puerto Rico

Cryptocurrency millionaires and investors are moving to Puerto Rico for many reasons. The major one is that they do not have to pay many taxes because of the rules there. Well, that and it is a beautiful place too.

One cryptocurrency billionaire crypto entrepreneur and investor, David Johnston, had decided to move to Puerto Rico along with his entire family, consisting of his daughters, wife, and even his parents.

Bitcoin millionaires are moving to Puerto Rico

So they left and settled down there, and that was good for his business as he had been looking at opportunities to improve it. There are also facts that he had been involved in the crypto market from like 2012.

So that’s a long time, and he is a seasoned person. So we ought to believe that he knows much about the industry and how to make a profit out of it.

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If you have been keeping up, then you know that the cryptocurrency market is not very good right now as they have not been doing well. That doesn’t matter, though, because established people know very well how to invest the gains.

“That’s where all my friends are. I don’t have one friend left in New York, and maybe the pandemic accelerated this, but every single one of them has moved to Puerto Rico,” he said in a statement to justify the move.

Puerto Rico is a very picturesque place, and we are happy to be seeing a change in the general layout of the place. The place offers many benefits to the people who are moving there. The tax break for the people living on the island for more than 187 days every year is also a good thing. The place is an ideal one for people.