RE: Question: What might it mean for tax purposes if Bitcoin is labeled a commodity by the IRS?

[cryptictruth]

So true. Until that changes and it’s treated like normal currency mass adoption is not likely.

Comments

[jrcornel]

I agree completely. No matter how good the technology, if you still have to track capital gains every time you transact with it, it won't catch on.

[cryptictruth]

Well put.