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if you are a business with a large collection of offshore dollars that cannot be brought onshore due to reparation taxation the easiest thing to do is convert the offshore balance to bitcoin.

i have a sneaking suspicion that this is the main reason Microstrategy originally did their first bitcoin purchase.

they avoided all capital and currency controls and reparation tax.

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Sound Money 2y ago

So microstrategy purchased bitcoin with offshore dollars. I'd be surprised if the tax law doesn't adapt to the new paradigm if it hasn't already.

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