How the “buy, borrow, die” tax trade is quietly loading DeFi pools with hidden credit risk
WorldPing
Imagine someone who bought ETH for $1,000, watched it climb to $4,000, and now wants to cash out $1,000. Selling one-quarter of the ETH would provide the cash, but it would also realize a $750 gain under US tax treatment of digital assets held for investment.
This is a short WorldPing brief. The full report was published by CryptoSlate.
Zcash traded above $1,000 on this week for the first time since its 2016 launch, and three of crypto’s loudest voices spent the day explaining why they own it.
Brief by WorldPing · Original reporting by Bitcoin.com