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This is rad. Instead of paying a currency tax rate, you can pay the lower/long-term capital gains rate. Does this mean that Bitcoin are more legit now and will
by timrosenblatt 13y ago
This is rad. Instead of paying a currency tax rate, you can pay the lower/long-term capital gains rate.
Does this mean that Bitcoin are more legit now and will be picked up by more institutions, or since the IRS doesn't consider Bitcoin a currency, will that stop companies from using it (for regulatory reasons?)
- atmosx 13y agoNo I don't think it really means anything for larger institutions (banks?). We don't have an easy way to switch back and forth from bitcoin to USD, until that happens... Not sure how plausible is the expectation that BTC will see wider adoption, since it didn't happen already.