I rarely tell anyone about my Bitcoin investments for a couple of reasons.

First of all, most people don’t understand Bitcoin and think it’s a Ponzi scheme so I don’t want to deal with explaining my reasoning for believing in it.

Secondly, if I convince people that it’s the real deal and they invest and the price drops, they will hate me for it.

Thirdly, I want to be careful about bragging about owning Bitcoin because the IRS may want to crack down on us. Don’t get me wrong, I am fine paying taxes on my profits.  I just don’t want an IRS audit.