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Lawrence Lepard: Bitcoin Price Going to 'Multimillion' Per Coin, Don't Sell at 100k!
Coin Stories
Taxation of Property & Bitcoin as the Future Base Layer of Money
Property is primarily taxed when it's physical property like real estate, justified by the local authorities providing services. There is a possibility of taxing investment property upon realized gain. The idea of taxing billionaires on unrealized gains has been discussed, especially in times of financial need. Bitcoin, considered property, could evolve to become the base layer of money due to its superior characteristics compared to the dollar. This transition might take many years. There are concerns that taxing the wealthy may not effectively redistribute wealth as they can find ways to evade taxes.
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