Tuesday, June 01, 2021 1:11:43 PM
Ok, let me simplify this for you.
You take $20,000. Invest $10,000 in AMZN a few years back and invest $10,000 in BTC a few years back.
Now they are each worth $100,000. You owe cap gain tax on $90,000 for each investment. The same "money COMES OUT in the form of selling and liquidity goes away". The same "tax money rarely comes back".
Your point seems to be, that if you make a ton of money in crypto... you will owe a lot in taxes. If you pay your taxes.... you won't have that tax payment money to invest elsewhere.
Sold! I'll take the gains. And, there is no difference in making a ton of money in crypto OR a ton of money in stocks.
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