Should You Buy Bitcoin ?
Channel: The Nomad Economist
Date: 05/11/2020

Where to buy bitcoin , why buy bitcoin , should you invest in bitcoin 
Bitcoin may or may not be a good investment for you.
But before investing in something you should know what it is, and most people don’t have a clue how Bitcoin works.

What is Bitcoin?
Bitcoin Is A Speculative Asset, Not A Currency.
Bitcoin isn’t a currency, and hasn’t been one since 2014 when the Internal Revenue Service deemed Bitcoin to be an asset rather than a currency with Notice 2014-21.

Ergo, every time a Bitcoin changes hands a capital gains disposition is triggered for US tax purposes—the same thing happens whenever someone sells a stock or a house. This means that Bitcoin (in the US at least) cannot function as a currency. Bitcoin is an asset.

For the full transcript go to https://financearmageddon.blogspot.com
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