If you’re anything like me, you hold bitcoin because you believe it is truly disruptive technology that will continue to increase in value and has the potential to replace the dollar as the world reserve currency. Despite this being the case, there may come a time when it makes financial sense to access some cash from your bitcoin holdings. Unfortunately, selling bitcoin in certain countries like the good ole U.S. of A. incurs capital gains taxes. For those looking to avoid having to sell their bitcoin and be subjected to these taxes, bitcoin loans are an option to get the dollars needed without having to make a sale. While Bitcoin loans may not be for everyone, they can be an excellent way to monetize one’s unrealized capital gains on Bitcoin in a tax-efficient way.
On today’s episode we’re going to discuss what a bitcoin loan is, how a Bitcoin loans work, and some important factors to consider when looking to get a Bitcoin loan.
Lets get “Scholar’d”!
—-Affiliate Links—-
Crypto Hardware Wallets
• Ledger Hardware Wallets – Get your Ledger Nano X (this is Mario’s preferred hardware wallet) by using this link (https://shop.ledger.com/pages/ledger-nano-x?r=db4deaf041ad)
Crypto Exchanges
• BlockFi – Put you’re crypto to work for you! We’re using BlockFi to earn interest on our crypto and the yields are VERY NICE. They also offer low-cost crypto backed loans. Sign up using this link and we both get a bonus! (https://blockfi.com/?ref=db4fd7c6)
• Crypto.com – Use the affiliate link (https://platinum.crypto.com/r/y7vpgyswrx) or manually enter the code y7vpgyswrx at signup and get a $25 bonus.
• Voyager – Use the affiliate link (https://voyager.onelink.me/WNly/referral?af_sub5=MARRYF) or manually enter the code MARRYF at signup and get $25 in Bitcoin when you buy/sell $100 of crypto.
• Binance US – https://accounts.binance.us/en/register?ref=35197711
• Coinbase – Sign up now and get $10 of free Bitcoin when you buy or sell at least $100 of digital currency (https://www.coinbase.com/join/johnso_gch)
Charting and Analysis
• TradingView – One of the best cloud-based charting sites on the internet. Get up to $30 when you purchase a paid plan. (https://www.tradingview.com/gopro/?share_your_love=marioj0320)
*Disclaimer*
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
