I used to be so confident about bitcoin until i discovered Trump said “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity….” back in 2019. Now i'm starting to think shit like what if it's just some bs ponzi scheme that the deep state motherfuckers use to launder money? I mean, Trump gets pretty much everything else right. Anyone got any opinions on this?
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Could you imagine what would happen to the price of Trump announced he’s accepting crypto payment donations haha
But pretty sure they’d lock him up because of donation laws or something.
It would go to the moon :)
Government wouldn't be able to do anything, crypto is legally defined as an asset, just like gold or real estate. There's no law preventing you from holding any amount of coins. Tho you might have to declare capital gains tax on any profit you make in some states.
If I stay purely in Bitcoin do I ever have to pay tax?
only if you sell for a capital gain