Bitcoin loans: If the tax deadline is missed, it could become relevant
In this article you will learn:
- How to use your Bitcoin as collateral
- Why Bitcoin loans can be a tax-free alternative to selling – and what role the holding period plays
- What makes Bitcoin special compared to altcoins as security
- Where the greatest risks lie for borrowers and investors
“Never sell your Bitcoin, borrow against it instead” – with this phrase, Strategy CEO Michael Saylor summed up the philosophy of many Bitcoin enthusiasts. Instead of selling the valuable cryptocurrency, it is deposited as collateral to obtain fiat liquidity. The concept is not new, but is gaining traction in light of growing institutional attention and innovative providers. At the same time, the risks should not be underestimated, as prominent bankruptcies of the past demonstrate.
This content is exclusive to BTC-ECHO Plus+ members.
- Unlimited access to all content
- Daily analyses from the market leader
- Hot Coins & Trading Signals
- Exclusive information directly from the expert
- 100% crypto focus – less advertising
- Free reward with annual subscription (collector's coin, wallet, tax tool)
Try now from 1 €
Already a Plus+ member? Sign up
Over 1.5 million readers trust BTC-ECHO every month. You can read these and many more articles with BTC-ECHO Plus+.
Searching for clues in the bull marketIt's a Bitcoin bull market – but where are the investors?
Billions in losses due to rip-offs. Beware of fraud: The most popular scam schemes – and how to protect yourself.
Price AnalysisBitcoin Forecast: Will the Fed Decision Act as a Price Driver or a Brake?
