Companies that may be raising five million or ten milion before raising 20 million are looking around saying, like, what should i do with my money? So this is a good russin e for start ups. In wekan you can tessla actually does this, right? Tessela bought a bunch of crypto, did very well for a while, and then it went down. And so they, you can actually read their financial statements. Exactly.
Crypto is reaching the mainstream, which has major implications for crypto and traditional startups alike. Kruze Consulting COO Scott Orn joins to discuss what regulation and taxes actually apply to crypto (3:17), recent improvements in crypto accounting infrastructure (8:24), appropriately documenting crypto holdings (21:25) and more! With crypto market capitalizations rivaling large cap tech companies, the IRS wants its due. This is a great crash course for properly documenting crypto and avoiding future fines.