Unrealized Capital Gains Tax Stock Bitcoin

Bitcoin HODLers live by the words of the 1987 Rick Astley hit song, “Never Gonna Give You Up.” Many have held their stack for years, through steep price declines, only to see the price ratchet up to new highs every year. In contrast to short-term trading, it’s a buy-and-hold investment strategy that seems to be working.

Janet Yellen doesn’t care.

Treasury Secretary Janet Yellen announced on October 23 that a proposed tax on unrealized capital gains — yes, gains from investments that haven’t even been sold yet — could help finance President Biden’s now scaled-back $1.75 trillion social spending bill. Senate Finance Committee Chairman Ron Wyden has come up with the idea that would be a landmark change to the way U.S. citizens are taxed.

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