The right way to use Bitcoin:
- the one that lets you avoid paying taxes
The wrong way to use Bitcoin:
- the one that leads you to pay taxes on it.
If you have nowhere to spend Bitcoin because no one accepts it—which is where the state-sanctioned HODL narrative leads you—then you have to sell Bitcoin for fiat and end up paying taxes because tax agencies control all entry and exit points.
If you have a circular economy where you can buy all the goods and services you need with Bitcoin, then you have the opportunity to avoid paying taxes, whether you’re a merchant or a buyer.
- the one that lets you avoid paying taxes
The wrong way to use Bitcoin:
- the one that leads you to pay taxes on it.
If you have nowhere to spend Bitcoin because no one accepts it—which is where the state-sanctioned HODL narrative leads you—then you have to sell Bitcoin for fiat and end up paying taxes because tax agencies control all entry and exit points.
If you have a circular economy where you can buy all the goods and services you need with Bitcoin, then you have the opportunity to avoid paying taxes, whether you’re a merchant or a buyer.
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