What do you tell a business that is worried about cap gains from holding BTC on the balance sheet?
Discussion
Don't. Lose that stuff in a boating accident and declare it as a loss. 😅
That’s crazy. Don’t be worried be excited you are making gains. Holding fiat is losing
They are concerned that they might preform too well? 🤨🤣
Capital gains tax is immoral but it is applied to every investable asset. It’s only applicable if the underlying asset appreciates in value.
Small businesses which don’t have a treasury or investment fund might not bother holding Bitcoin due to the constant accounting overhead, but any business with enough capital and positive cash flows to have medium-long term investments can greatly benefit from Bitcoin.
I would just ask them how they currently manage capital gains on any of their current investment holdings.
Good insights.
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✅ Suck it up buttercup
"Increasing your purchasing power has a cost. So does holding dollars. One is guaranteed to depreciate. Both get taxed."