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There is currently absolutely no requirement in the US to report crypto holdings, only crypto sales. So it is very likely there are such people, especially sin
by drcode 5y ago
There is currently absolutely no requirement in the US to report crypto holdings, only crypto sales.
So it is very likely there are such people, especially since it is common to divide large holdings between many separate addresses, making it impossible to infer holdings from sales income.
- thesausageking 5y agoGood point. By "Bitcoin Billionaire" I mean people who had cashed out. If you haven't ever sold, you don't owe taxes.