Bitcoin rushes from record high to record high. After the sharp correction from 2017, which pushed the most popular cryptocurrency down to the level of less than 5000 euros, digital money had an incredible price rally and has quintupled since September alone. Most recently, Bitcoin even rose above the $ 60,000 mark for the first time. Many investors are likely to be sitting on high profits, which also raises tax law questions. Joerg Andres is a tax lawyer and says what Bitcoin investors now need to consider.
Big Bitcoin Profits? Then you should know about these tax traps
2021-03-17T13:03:09.103Z
With Bitcoin and other cryptocurrencies, many investors have accumulated immense profits. However, the tax authorities and legislators are helpless when it comes to the question of their taxation. This can be dangerous for investors - what they have to be aware of now.
Source: welt