“Would love for you to opine on the tax consequences of using Bitcoin as a currency and not just a store of value.
Coinbase indicated that something like only 800 or so customers sent in tax forms on their bitcoin transactions last year-wow.
It’s no wonder, If you use bitcoin as a currency, what a hassle to keep track of tax base reporting. No one has to do this for their fiat currency which fluctuates by the minute. Crypto needs to be considered a currency by the government not a commodity. I believe this is one reason so many people just buy and hold, which is turning out to not be such a bad thing.”
efx077 via Apple Podcasts ·
United States of America ·
11/17/17