bitcoinstr on Nostr: Issue is capital gains tax reporting payment and collection. The government can make ...
Issue is capital gains tax reporting payment and collection.
The government can make the use of bitcoin as currency or money, nearly impossible if they choose via regulations most people don’t care about bitcoin and would never push their congressman or senators .
The grassroots effort has to start by getting legislation in place to allow bitcoin to be used capital gains tax free and with minimal reporting
currently, bitcoin is just an asset. All BE it an asset with a slightly lower cost of carry than real estate or stocks. But same capital gains complications
#BTC #HODL
The government can make the use of bitcoin as currency or money, nearly impossible if they choose via regulations most people don’t care about bitcoin and would never push their congressman or senators .
The grassroots effort has to start by getting legislation in place to allow bitcoin to be used capital gains tax free and with minimal reporting
currently, bitcoin is just an asset. All BE it an asset with a slightly lower cost of carry than real estate or stocks. But same capital gains complications
#BTC #HODL