Let me clear up some misinformation being spouted. First of all, kraken got user funds they will be distributing next week or the following week to individuals. Secondly, settlements aren’t taxed as capital gains. Selling to pay taxes on these coins is a thing that will happen. Many people will likely owe hundreds of thousands of dollars in taxes based on their distribution regardless of what they do with the coins. The idea there won’t be selling is a fairytale.
Getting those coins back not necessarily means instant sell bc of taxes or am I wrong?
Not any sort of forced sale. I’m sure there are cases of individuals just paying the taxes out of their pocket and holding the coins. For me, I’ll be selling because I learned from my stint as treasurer here that you don’t play around with owed taxes and Bitcoin. I lost years worth of BTC income by not immediately cashing out when I was finally paid my treasurer income. In this instance, I’ll be safe instead of sorry. I won’t be alone.