Post
Topic
Board Currency exchange
Re: Exchange 5 BTC (pre-2016 wallet)
by
DaveF
on 13/12/2021, 15:17:12 UTC
Just curiuos to know what is the benefit for the bitcoin mined few years back as compared to the ones recently mined?
The price of both of them will be the same.

Why would anyone want old minted BTC  Huh
It could be tax fraud or money laundering. Someone else will pay the price.

Tax avoidance would be my guess.
Here in the US, long term capital gains are capped at 20% short term are above 35% once you hit $210,000
It's also easier to hide other trades / gains. If you have 5BTC that has not moved in 5 years and the IRS looks at you, they may or may not dig deeper.
If you have 5BTC that you accumulated over the last year they are going to crawl through every thing you did to make sure your are paying everything on every trade.

-Dave