The tax issue creates a lot of stress. I hear people talking about their frustrations or unhappiness with the taxation on crypto and I can see this causing a sell off for sure. I don’t think hat we can ever avoid the tax man. It’s one of the infamous two we can never avoid, death and taxes. The issue in my eyes is the lack of clarity about how this will all work. Define realized profits? Is it the moment it is converted to Fiat? That would make sense to me because as long as you are invested in a crypto your portfolio’s value could change in a heartbeat.
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