Nice tax implications ? Hitting USD$105,000 may give some a great tax issue to deal with. My question might be what happens when the music stops? https://www.bing.com/videos/riverview/relatedvideo?&q=musical+chairs+adult&&mid=88BB48389E6F81AFE39F88BB48389E6F81AFE39F&&FORM=VRDGAR
Not saying it will stop playing as predictions on value of something others struggle to find value in is well beyond me.
Mr Buffets thoughts were widely quoted
1. “Cryptocurrencies have no intrinsic value and don’t produce anything.” Buffett often emphasizes the importance of investing in assets with tangible value. According to him, Bitcoin’s lack of intrinsic value makes it a risky investment. 2. “I can say with almost certainty that they will come to a bad ending.” Buffett has expressed concerns about the speculative nature of cryptocurrencies, warning investors about the potential for a negative outcome. 3. “It’s a mirage, basically. The idea that it has some huge intrinsic value is just a joke, in my view.” Buffett dismisses the notion that…..
I dared state crypto was a Pyramid scheme when it was worth a lot less than today. More fool me perhaps. I'll sit back and watch some people make it still wondering why
