2min chapter

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WCI #263: Investing in Crypto-Assets with Hedge Fund Manager, Jeff Ross MD, MBA

White Coat Investor Podcast

CHAPTER

Is the Us Taxing Crypto Currency?

The us. Government is elected to treat crypto currency essentially as an investment, applying capital gains tax every time it's bought and sold. Do you think they chose the right way to tax this? How do you think it should be taxed? I mean, if it's digital gold, why is it not taxed at the collectables rate of up to 28 %? If it's a currency such as yen or uros, why isit not taxed at ordinary income tax rates, like a forx investment? To me, it's inevitable that bit coin, within the next ten years, will be re labelled by the i r s as a currency, as basically money. And it will be

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