Replying to Avatar Speedster

I take 100% of may paycheck (every two weeks) directly to Strike in Bitcoin. I pay all my expenses on credit card. A couple of business days before the end of the month I sell just enough bitcoin to pay off my complete credit card bill to avoid interest and to put enough in my checking account to cover my mortgage. So I’m only minimally exposed to fiat for a couple of days.
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M. W 1y ago

That's amazing! You managed to bring down your fiat risk to ZERO!

Any capital gain tax risks to keep in mind?

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Speedster 1y ago

Yup at the end of the year I will have 12 sales, one for each month, so there could be CGT to pay. But the pay I don’t spend is HODL’d so no tax on that. I’d rather pay 25% on a gain than have to hold fiat.