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Tom Bilyeu's Impact Theory cover image

Must-Know Monetary Trends for Your Financial Future | Nic Carter (Replay)

Tom Bilyeu's Impact Theory

NOTE

Privileged Status of Dollar and Bitcoin in Legal Tender Laws

The US dollar enjoys a privileged status due to legal tender laws which allow it to be used for debts. This privilege is reinforced through tax policies that exempt dollar appreciation from taxes but not for other assets like stocks or foreign currency. In contrast, El Salvador equalized the status of Bitcoin and the dollar through tax policy by exempting Bitcoin from capital gains taxes.

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