Dec. 6 at 4:50 AM
$BTC.X
[KNOW YOUR TAX RULES]
IRS considers direct cryptos like BTC a "property", therefore the 30 day wash sale doesn't apply.
However, if you indirectly buy BTC through ETFs such as
$IBIT, then 30 day wash sale does apply.
[TAX-LOSS SELLING]
With significant crash recently, I expect tax-loss selling in December, especially those with ETF BTC.
[IMPORTANT STATS]
■ Total possible BTC is capped at 21M by design.
■ ~19.96M have been mined
■ Only ~1,040,000 BTC are available to be mined
■
$IBIT holds 776,475 (3.9%) BTC
■ Combined ETFs hold 1.31M (6.58%) BTC
■
$MSTR holds 650,000 (3.3%) BTC
$CRCL $ETH
