MUST WATCH NOW: Bitcoin Selling pressure from March 2020 & How to SAVE on TAXES

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martosna
Published
Selling pressure from a year ago, from COVID-19 (aka Corona dump)
Why 1 year?
Because now anyone who bought the Corona dump and wants to take profits will only pay the long term gains tax on their gains.

This is VERY Significant because it impacts how much TAX you will be paying on the gains

Short term vs Long term taxes -
The Motivation to sell - for people who are 15x UP is HIGH.

Not just BTC—also GBTC - more traditional investors who are wise about the taxation and not ideologically driven when it comes to BTC.

Time Frame: Now to Mid July

#Bitcoin #BTC
Disclaimer: Not a financial or tax advice. I'm not your financial or tax advisor.

Shout out to #Nerdwallet
here's their blog on Short term vs. long term taxation (US)
https://www.nerdwallet.com/article/taxes/capital-gains-tax-rates
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Crypto Investing
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