Alec, maybe you can touch on the regulatory issues with Bitcoin ownership. The concern I have concerning crypto is the box I have to check on my tax return under penalty of perjury stating whether I had any transactions in crypto during that tax year. Suspect that some of those 87,000 IRS agents are going to be looking at people doing business in crypto going forward, and that its status as a private store of value may become a thing of the past. I agree on the fundamentals of bitcoin being a superior type of money, but a hostile government could be troublesome, especially with the IRS enforcement and investigative powers.
Hey Rob, thanks for the comment. I'm not a legal professional and of course I suggest you consult one. Here's an interview I did with one which I hope provides some context.
Alec, maybe you can touch on the regulatory issues with Bitcoin ownership. The concern I have concerning crypto is the box I have to check on my tax return under penalty of perjury stating whether I had any transactions in crypto during that tax year. Suspect that some of those 87,000 IRS agents are going to be looking at people doing business in crypto going forward, and that its status as a private store of value may become a thing of the past. I agree on the fundamentals of bitcoin being a superior type of money, but a hostile government could be troublesome, especially with the IRS enforcement and investigative powers.
Hey Rob, thanks for the comment. I'm not a legal professional and of course I suggest you consult one. Here's an interview I did with one which I hope provides some context.
https://www.youtube.com/watch?v=PsaL4y2TxV4