Yeah and you can also be faced with an unrealized gains tax just like they introduced in Denmark for crypto.
The irony, is I hold very little Bitcoin. Most my trades on BTC are miner and spot derivatives. I guess that's an even better advantage. On the flip side, I have held a LOT in spot Ether for many years, but no one talks (yet) about increasing taxes on THAT.
While on that topic, I am currently selling off the last of my BTCC.B calls which I loaded up on in 2023 (when the bears were telling me it's all going to zero, zero, zero). I purchased them for 26 cents a contract, but am prepared to sell them at $25.25 dollars a contract at the moment. I think this is a great deal, and I'll probably be raising the price even more soon. I'm going to be selling them off in batches of 20 between now and expiration Friday, at the strike of 8 for the front-month. Who ever wants them... come and gets them.
Yeah but Bito is only 68% yield or something? There are way better options out there. Some are 3x that yield. BITO is kind of the SPY of the high yield ETF space.
Just look up high yield ETFs...most of them track Bitcoin but it really doesn't matter...the name of the game is income not capital gains. Or you can emulate what they are doing manually... Remember I came up with a version of this whole high yield ETFs idea with my Hulk strategy back in 2020. UMAX is probably one of the first high yield etf's.
There is no way you got 2 year leaps for .26 cents...I look at btcc.b all the time. You could maybe get those prices before the run to 70k in 2021, but the jig is up now and they are priced accordingly. Price was mostly around $5 during 2023, so if you went 2 years leap 3 otm you would have been paying around $7 (Current MAR19 2027 23 calls are $7)