Forget about the ETF moment. Mass adoption problem in USA and Canada.

Our vision of mass adoption in which people will freely use crypto for daily purchases will not come to fruition as long as we have to keep track of our capital gains/loss for tax purposes. In Germany as long as you keep your crypto for a year you do not need to keep track of your capital gains. By forcing us to treat Bitcoin as an investment USA and Canada are effectively already fighting progress by Bitcoin. Right now Bitcoin is more like owning a bar of gold or stocks. Too much accounting complications for the average user to use daily.



Submitted October 27, 2018 at 08:37PM by AdvocateLLC https://ift.tt/2qfoLvB

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