Post
Topic
Board Legal
Re: Most important thing from IRS ruling on BTC
by
jakedeez
on 25/03/2014, 19:18:57 UTC
I am really shocked at this ruling.  It's amazingly positive for BTC.  While I can imagine a scenario where it could lead to a small dip, that would be because people who were holding got such good cap gains news they are selling.   But I mean, it is being treated para pursue to gold for purposes of mining and exchange, with a smaller tax burden then gold or forex for gains. 

Can't really imagine a better result.  If they had said no taxes maybe, but that would have been a step to de-legitimize.  This is a major step to recognition, and I think the best we could have possibly hoped for in the structure.