Cryptoholders should consider themselves lucky it's not considered a "collectible". For example: "For federal income tax purposes, gold is considered a collect

Cryptoholders should consider themselves lucky it's not considered a "collectible". For example: "For federal income tax purposes, gold is considered a collectible - just like art, stamps, or those baseball cards you've been hoarding. What that means is that instead of a maximum long-term capital gains rate of 15% for most taxpayers (20% for high-income taxpayers), you'll pay a maximum long-term capital gains rate of 28%."