You can keep it.
Discussion
Are you saying you dodge your taxes with crypto?
That’s not what I’m saying. If you run a business you report it as cash equivalent, but use the bitcoin as a savings asset.
Oh I thought something automatically converted the bitcoin to cash.
Yeah, if your goal is to accumulate bitcoin it makes sense to take payments in bitcoin.
I’m not sure exactly how it works, but I presume they accept the bitcoin on their wallet and then transfer the cash to your bank account. I don’t think most businesses want the volatility and uncertainty, esp since you can’t play suppliers with bitcoin.
Yeah. The part that you keep in bitcoin would not be able to be part of your operating budget.