What is Nostr?
thedylwhit / Dyl Whit ⚡️
npub1v46…rxyp
2024-12-12 17:41:20
in reply to nevent1q…075e

thedylwhit on Nostr: It wouldn’t actually work like that. Assuming the value of the BTC goes up only a ...

It wouldn’t actually work like that. Assuming the value of the BTC goes up only a small portion go to taxes and the rest of the gain actually makes the bills you pay cheaper.

Let’s say you have $110 for a bill and you bought $100 worth of BTC. Also assume you have ~25% tax rate. If the value of the BTC appreciates 10% to $110 and you pay that bill, $2.50 would go to the government and you gained $7.50 that went towards the bill payment that you wouldn’t have otherwise if you were just holding fiat. 🤯
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npub1v466hddkmekr6rpdkpm856vustxlqh4gu0233tp206ke6pqsd2yq6erxyp