Bitcoin & Tax: The Coming Coinbase Fiasco – Mike Maloney
More bitcoin [BTC] Videos here: https://www.youtube.com/user/whygoldandsilver/playlists?view=50&sort=dd&shelf_id=5 Mike Maloney takes a look at a very important bitcoin [BTC] issue that could prove to be a market-mover in the new year: The IRS has realized that bitcoin [BTC] is a cash cow for them, but at the same time there is just a small percentage of Coinbase users who are filing gains or losses. What could this add up to?
If you enjoyed watching this video, be sure to pick up a free copy of Mike’s bestselling book, Guide to Investing in Gold & Silver: https://goldsilver.com/buy-online/investing-in-gold-and-silver/
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Governments face major limits in banning bitcoin due to its decentralized nature. While regulations can restrict exchanges, outright prohibition struggles against peer-to-peer networks and global accessibility.
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