The biggest bitcoin whales will soon be 1. ETF holders, 2. Company treasuries, 3. Sovereign strategic reserves.
They are all running out of coin to buy at a good price. The LTH (long term holding) whales will still sell for profit. Once they realize that any coin they sell will never be bought back at a better price, then they will need to follow 'our' whale control.
Once ETFs are a bigger holder, then a 'white paper' that was written by an AI will make bitcoin daily transactions fast and almost capital gain tax free. The links to download the PDF are at the bottom of this post. They are all to the same PDF, so you only need to download from one link. I gave the AI some basic input for Canada, others can input to an AI for their countries.
The premise is simple: A. Most countries charge capital gains tax on bitcoin profit when you convert to FIAT for most transactions. B. Most countries have tax protected/deferred account options, but the coin needs to be in ETFs. C. If you have ETFs then you basically have a 'bitcoin certificate', the ETF is backed up by actual coin and that is the law in all ETF countries. It's like back in the day, a British pound sterling note was worth a pound of silver in actual bullion. When we went off the gold standard, governments started 'printing money'. ETFs should never go off the bitcoin standard, because everyone would sell them and buy actual coin.
Where our control lies: A. We have the coin, and bitcoin ETF whales will need to buy it from us. B. If they offer ETFs at a discount for bitcoin, as opposed to FIAT, then it will be win/win. They get coin cheap, we get ETFs cheap. This is called an 'in kind' transaction.
I know many of you want to HODL your coin until it goes past the moon, but do the math on the capital gains tax. I sold about $100,000 in coin and bought tax protected ETFs. Once my TFSA was maxed, then I started buying coin again. I retired on July 2/2025 so my taxable income will be low this year. Before the tax deadline for TFSA, I will pull out most of it for 2025. On Jan 1/2026, I can put that whole amount back in to grow for another year, tax free. I can also buy actual coin with it.
Links to tax free/deferred transaction system:
https://anyflip.com/mukdj/ggfg/https://online.fliphtml5.com/fdgtk/yluo/#p=1https://pubhtml5.com/xkodn/coxw/https://www.scribd.com/document/875528422/New-bitcoin-transaction-systemhttps://green-kym-92.tiiny.site/~~~~