Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
1-4 does not fully pertain since you don't HAVE to sell, for the umpteenth's time.
You've got a NY Central park facing apartment. When you are going to sell...the likely answer is never..lob it to your descendants.
You've got a NY Central park facing apartment. When you are going to sell...the likely answer is never..lob it to your descendants.
Trust me I thought of this... Pass it on to your descendants!!!!
In fact that’s one valid option!!!
Btw how much is NY Central park facing apartment? Never thought about it.... 2 beds at least? Just to estimate Bitcoin price
Not a good idea to pass it on if you live in the USA. The Biden administration has proposed the removal of "step up in basis" which means your heirs would have to pay the capital gains tax on gains you accrued rather than have the basis reset to the value of your bitcoin at the time of your death. Generational wealth wont be a thing in future America.
I love my hat.
I love the work you do with hats.
But you are really picking an extreme longshot with the bolded prediction you made.
I have far more faith in my 70k by may 1 then I do in your pick.🙂
Well you only have 2 days; I've got at least the rest of this term and probably the next term as well to see my pick. I didnt make it up, it's Biden's plan to eliminate tax loopholes that allow tax-free generational wealth transfers; farms and businesses may be exempt. Many people are already preparing for this eventuality. Taxing unrealized capital gains at death is on the table. Maybe you think there are enough wealthy Democrats who won't support Bidens plan?
If you plan to transfer those coins to your offspring, it might be better now than later; even before $70k - by the way, I like your prediction. I'm all for 70k by May.