Jon Lerner, Co-Founder and CEO of CoinTracker
Around The Coin
00:00
Is There a Third One That Comes to Mind?
If I say I had $10,000 in Bitcoin and I staked it, and then I borrowed money using like Nexo as a popular kind of centralized exchange, they could send you a US wire. You could take it out in any cryptocurrency. And then that's a loan. So then you can have that cash, you can pay rent, you can do whatever you want with it,. Then you pay it back whenever you want on chain. Was there a third one? And you mentioned three. But yeah, that's definitely another mechanism that folks can leverage to have a more favorable tax outcome.
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