Why Unrealized Gains Are Greed By Government
In recent news MicroStrategy might be on the line to pay taxes on 19 billion dollars worth of unrealized bitcoin gains. What are unrealized gains? It means you bought an asset, it went up in value and even though you still hold it and didn't sell it you have to pay taxes on how much it appreciated.
Yeah, talk about some BS. If this were to pass no one would get involved with crypto again. Or you would always have a massive end of year sell off so you actully realized those profits and had the money to pay the taxes on it in the first place.
This is what greedy corrupt government looks like. A government that constantly takes and gives little to nothing back and it is VERY clear that people are sick and tired of it.