jon on Nostr: “The crypto investor known as ‘Bitcoin Jesus’ has been arrested in Spain on ...
“The crypto investor known as ‘Bitcoin Jesus’ has been arrested in Spain on behalf of the US government on charges of tax fraud and failing to pay nearly $50 million in taxes earned from Bitcoin sales.”
Ahhh, this makes perfect sense. This gentleman didn’t play his cards correctly and has misunderstood/underestimated his government.
It didn’t take long in reading this article to see that this gentleman sold bitcoin at a gain and didn’t pay the gains tax. That’s a no no. I’ve never sold any BTC and I wouldn’t suggest anyone sell either. Spend sats but never sell, particularly at a gain.
Ahhh, this makes perfect sense. This gentleman didn’t play his cards correctly and has misunderstood/underestimated his government.
It didn’t take long in reading this article to see that this gentleman sold bitcoin at a gain and didn’t pay the gains tax. That’s a no no. I’ve never sold any BTC and I wouldn’t suggest anyone sell either. Spend sats but never sell, particularly at a gain.