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submitted by /u/Fiach_Dubh [link] [comments] |
Monday, 25 January 2021
Michael Saylor - How to never pay Capital Gains Tax
His latest interview articulates this strategy the clearest way I’ve heard him refer to it..
https://youtu.be/BoVlCnZe5vQ?t=3378
He makes a compelling case to never sell, his logic about Debt / Equity ratio is sound..
What I still can’t wrap my head around, is the argument goes.. “you need money to live”, don’t sell your BTC as you’ll incur capital gains tax.
So say you take out $200K on the $1M asset..
a. What happens if the asset goes down in value?
b. How do you pay back the $200k without selling something?
I get that as the value of your asset goes up, the percentage you owe back in relative terms shrinks..
But whoever loaned you that money is still gonna want it back.. how do you pay it back?
I’m guessing the answer is your asset has gone up so high that you do eventually have to sell, but you’ve benefitted from holding the asset for much longer therefore when the loan is called eventually you sell a much lower percentage of your asset..
Thoughts?
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Chainlink: "#DeFi's growth has lead to expanded support for on-chain products involving various cryptocurrencies. #Chainlink is catering to this demand by continuously launching secure price oracles such as a BCH/USD Price Feed, which devs can integrate today to support #BitcoinCash markets."
I think Max keiser is the richest person in the world
He got in at $1. He owned patents on monetary systems that he sold for millions. He got btc immediately. There’s no way he didn’t buy millions of it and spread around dozens of wallets.
He said at one point he offered to give 10K btc away many times. Recently asked how much he has. He said has many zeros.
I’m now convinced he is the richest person in the world or will be very shortly.
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Help us in our campaign for mass Bitcoin Cash/Bitcoin adoption!
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Donate address: qqhsd2v8aw7zjsecr4jy2v8985pttvx9qvmzulrcga
Any type of feed back is welcomed, we're aware that the BCH community has a lot of generous people and brilliant developers, a mutually beneficial collaboration could benefit us both and solve many of our issues!
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source https://www.reddit.com/r/btc/comments/l4bdyk/help_us_in_our_campaign_for_mass_bitcoin/
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