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> Bitcoin is an inherently good long term store of value That really depends on the taxation rules in your jurisdiction.
by robocat 3y ago
> Bitcoin is an inherently good long term store of value
That really depends on the taxation rules in your jurisdiction.
- voxic11 3y agoWhat jurisdictions have favorable tax rules here? Just ones which don't tax income at all? Because afaik every jurisdiction which taxes income does it based on the value in some fiat currency. So suppose you buy $100 worth of bitcoin today and tomorrow the dollar experiences 100% inflation then if you sold your bitcoin for $200 you would end up with the same amount of value except you would owe taxes on $100 of "income". It still makes bitcoin better than holding dollars (taxes are almost always less than 100% of gains). This seems to be an inherent problem with all "stores of value" and is usually why people choose to invest rather than "store".