SLP351 Jeff Vandrew - Bitcoin for the very long term
Stephan Livera Podcast
00:00
Bitcoin Isn't Taxed Much Differently Than Gold
Bitcoin isn't taxed much differently than gold and for everybody that's listening outside the US I'm speaking only with respect to the United States. The IRS notice is not unreasonable based on the way Bitcoin is used today or even the way that it would be used let's say at that sort of gold replacement role, probably is the correct interpretation of how Bitcoin should be taxed under the internal revenue code as it's written right now. But if the way Bitcoin is being used on a day to day basis changes and people are using it more frequently as currency then that notice starts to become not a reasonable interpretation Right?
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