bitcoin / 326 posts found
Bitcoin (BTC) Price May Not Rise Above $20,000 as Grayscale May Liquidate their Holdings Soon
The Bitcoin price continues to trade within the same range, with reduced volatility from the past couple of days. Ever since the price dropped below $20,000, the markets have dropped into a deep bearish well. Therefore, it has become important for the BTC price to reclaim these levels to revive with a bullish trend. But when will the star crypto rise above these levels? If yes at what levels, one can expect a firm rebound? The BTC price has undergone a couple of bear markets earlier and marked a new bottom each time. Back in 2015 and 2018, the bear […]
Why Selling Some Bitcoin at a Loss Can Maximize Your Hodling Potential
Steven Lubka is managing director of Swan Private Client Services, a concierge service for high-net worth investors at Swan Bitcoin. In my latest conversations with private clients, the number one question I get asked is about tax loss harvesting (TLH). TLH is best thought of as purposefully selling an investment you bought that is currently below your purchase price to lock in a capital loss on your taxes. Due to bitcoin’s regulatory classifications, there is a unique way to take advantage of tax loss harvesting that isn’t possible with equities! One quick note, the following discussion of TLH strategy is […]
