Would someone care to share why the professional investor would want rebalance their #bitcoin position?
Wouldn’t the tax completely offset any gains especially when the new tax proposal on capital gains is 44.6%?
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#asknostr
The capital gains tax increase proposal is unlikely to get through Congress.
People often rebalance because if they are up like 500% and bitcoin becomes a quarter of their portfolio, they want to reduce volatility and shift some gains. The 20% long-term capital gains only take out a portion of that.
Not saying that’s the right way to do it, but many people want to spread out gains once they are up a ton.
