Is it better to borrow cash using BTC as collateral, or just to sell BTC?
In terms of the taxes in the US.
Selling makes income, income have to be declared and paid taxes of it.
Borrowing means no income = no taxes.
Is it right?
Thanks for answering.
Borrowing will be better but if you will make your Bitcoin as collateral then i think the lender will ask you for the advance Bitcoin income tax payment that will be added in your Bitcoin collateral. This will be fair and square just in case you fail to return the cash in any particular reasons of yours on why you did not able to pay them. This is good as Bitcoin will be subject to tax only during conversion to fiat.