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<p>[QUOTE=&quot;MIGuy, post: 7890437, member: 116145&quot;]Agreed, I think Coinbase (the profitable and publicly traded crypto platform) may be the smart play for now, but my knowledge is limited.&nbsp; Crypto taxes are based on a 2014 IRS ruling that determined cryptocurrency should be treated as a capital asset (like stocks or bonds), rather than a currency (like dollars or euros). This decision has major ramifications for people who own crypto, as it opens them up to more complicated taxes. (Forbes - <a href="https://www.forbes.com/advisor/investing/what-are-cryptocurrency-taxes/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.forbes.com/advisor/investing/what-are-cryptocurrency-taxes/" rel="nofollow">https://www.forbes.com/advisor/investing/what-are-cryptocurrency-taxes/</a>)&nbsp; What is unclear is how the IRS / Congress will proceed with regard to cryptocurrency going forward, and this uncertainty as well as the ambiguous nature of the underlying &quot;value&quot; in cryptocurrency is what holds a lot of big investors / players back.&nbsp; Even some small ones, like me <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> .[/QUOTE]</p><p><br /></p>

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