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narff
narff
·
2021-04-05
Nice
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narff
narff
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2021-03-29
Finally
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narff
narff
·
2021-03-26
Nice
Cathie Wood Cautions Investors Against Transacting With Bitcoin Until Tax Code Is Changed
Earlier this week,Tesla Inc(NASDAQ:TSLA) announced that customers could now buy Tesla with Bitcoin (
Cathie Wood Cautions Investors Against Transacting With Bitcoin Until Tax Code Is Changed
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narff
narff
·
2021-03-24
Nice
Elon Musk says people can now buy a Tesla with bitcoin
KEY POINTS The automaker last month revealed that it had bought $1.5 billion worth of bitcoin and t
Elon Musk says people can now buy a Tesla with bitcoin
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narff
narff
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2021-03-22
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As a result, when investors sell their Bitcoin for fiat currency or use it as a means to purchase another good, they could be subject to massive capital gains taxes.</p>\n<p>Capital gains on taxes on assets that have been held for less than a year are taxed the same as a person’s “other income,” while assets that are held for longer than this period would be subject to long-term capital gains taxes ranging from 15-20%.</p>\n<p>While this would make any Tesla purchases with Bitcoin somewhat unfavorable for those that bought the cryptocurrency last year, more recent investors may actually benefit from the current rules.</p>\n<p>For instance, if an investor purchased the leading cryptocurrency at a higher price than its current value, he or she could actually report a loss and receive a tax deduction for the value of the asset.</p>\n<p><b>Price Action:</b>After a volatile week, Bitcoin price recovered from yesterday's low of $50,856 to $53,900 today. At press time, the cryptocurrency was trading at $53,223, according to data from CoinMarketCap.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust","ARKG":"ARK Genomic Revolution ETF","ARKK":"ARK Innovation ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160686264","content_text":"Earlier this week,Tesla Inc(NASDAQ:TSLA) announced that customers could now buy Tesla with Bitcoin (CRYPTO: BTC), but Ark Invest's Cathie Wood isn’t so sure investors should use it as a means of payment.\nWhat Happened:In a webcast hosted by CBOE, Wood said that those that made profits from Bitcoin’s rally may be the subject of scrutiny by the IRS.\nThe ARK Invest founder explained, \"The IRS has something to say about this, so if you have huge gains in your bitcoin, I don't think I would bear much in the way of transactions until we get maybe some changes on the tax front.”\nWhy It Matters:From a tax point of view, the IRS currently treats Bitcoin and other cryptocurrencies as “property,” as they do stocks and bonds. As a result, when investors sell their Bitcoin for fiat currency or use it as a means to purchase another good, they could be subject to massive capital gains taxes.\nCapital gains on taxes on assets that have been held for less than a year are taxed the same as a person’s “other income,” while assets that are held for longer than this period would be subject to long-term capital gains taxes ranging from 15-20%.\nWhile this would make any Tesla purchases with Bitcoin somewhat unfavorable for those that bought the cryptocurrency last year, more recent investors may actually benefit from the current rules.\nFor instance, if an investor purchased the leading cryptocurrency at a higher price than its current value, he or she could actually report a loss and receive a tax deduction for the value of the asset.\nPrice Action:After a volatile week, Bitcoin price recovered from yesterday's low of $50,856 to $53,900 today. At press time, the cryptocurrency was trading at $53,223, according to data from CoinMarketCap.","news_type":1},"isVote":1,"tweetType":1,"viewCount":300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351107884,"gmtCreate":1616571891148,"gmtModify":1634525144694,"author":{"id":"3578635617616019","authorId":"3578635617616019","name":"narff","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578635617616019","authorIdStr":"3578635617616019"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/351107884","repostId":"1110346444","repostType":4,"repost":{"id":"1110346444","kind":"news","pubTimestamp":1616571721,"share":"https://www.laohu8.com/m/news/1110346444?lang=&edition=full","pubTime":"2021-03-24 15:42","market":"us","language":"en","title":"Elon Musk says people can now buy a Tesla with bitcoin","url":"https://stock-news.laohu8.com/highlight/detail?id=1110346444","media":"cnbc","summary":"KEY POINTS\n\nThe automaker last month revealed that it had bought $1.5 billion worth of bitcoin and t","content":"<div>\n<p>KEY POINTS\n\nThe automaker last month revealed that it had bought $1.5 billion worth of bitcoin and that it would soon start accepting the world's most popular cryptocurrency as a form of payment.\n...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/24/elon-musk-says-people-can-now-buy-a-tesla-with-bitcoin.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk says people can now buy a Tesla with bitcoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-24 15:42 GMT+8 <a href=https://www.cnbc.com/2021/03/24/elon-musk-says-people-can-now-buy-a-tesla-with-bitcoin.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nThe automaker last month revealed that it had bought $1.5 billion worth of bitcoin and that it would soon start accepting the world's most popular cryptocurrency as a form of payment.\n...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/24/elon-musk-says-people-can-now-buy-a-tesla-with-bitcoin.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/414360f2ef7b5c785cb936b4a9b53a44","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/03/24/elon-musk-says-people-can-now-buy-a-tesla-with-bitcoin.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1110346444","content_text":"KEY POINTS\n\nThe automaker last month revealed that it had bought $1.5 billion worth of bitcoin and that it would soon start accepting the world's most popular cryptocurrency as a form of payment.\nPeople outside the U.S. will be able to buy a Tesla with bitcoin \"later this year.\"\n\nTeslaCEO Elon Musk announced late Tuesday that it is now possible to buy Tesla vehicles in the U.S. with bitcoin.\nThe automaker last month revealed that it hadbought $1.5 billion worth of bitcoinand that it would soon start accepting the world's most popular cryptocurrency as a form of payment.\n\"You can now buy a Tesla with Bitcoin,\" he tweeted.\nPeople outside the U.S. will be able to buy a Tesla with bitcoin \"later this year,\" Musk said, without specifying which countries.\nIn order to accept the payment, Musk said Tesla is using \"internal\" and \"open source software.\"\nHe added that Tesla \"operates bitcoin nodes directly.\" Nodes are computers on bitcoin's network that work to verify transactions and avoid the cryptocurrency from being spent twice.","news_type":1},"isVote":1,"tweetType":1,"viewCount":296,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359617783,"gmtCreate":1616392030442,"gmtModify":1634526083179,"author":{"id":"3578635617616019","authorId":"3578635617616019","name":"narff","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578635617616019","authorIdStr":"3578635617616019"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/359617783","repostId":"2121125308","repostType":4,"isVote":1,"tweetType":1,"viewCount":398,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}