US

Jazzlike_Peanut7661

yeah comparing global figures to US-only data and then drawing conclusions about the gap feels off tbh

alt-co

Yes, though the door is narrower than for everyone else. After the UBS scandal, most Swiss banks stopped taking Americans altogether. The compliance burden just isn’t worth it to them. (I actually happen to know the whistleblower at UBS) We do work with one private bank that is set up to take US clients, including ones with crypto-origin wealth. We can’t onboard US persons ourselves or execute trades for them, but we can explain what that bank needs and make the introduction. And I’m a dual US/Swiss citizen myself, so I know the frustration first-hand.

Regular_Attempt_7073

The US might force it.

Successful-Mud-2000

Big deal that its in there at all, first time in 31 editions. But I think the most interesting part of the table is the gap between the two return columns 20.9% arithmetic vs 10% compound. That difference is volatility drag. With 55% swings a year, the average of the yearly returns looks amazing but what you actually keep over 10 years is the 10%. And only if you dont sell during a 70% drawdown So yes its the top number, but per unit of risk US large caps look better: 7.5% with 18% vol vs 10% with 55%. JPM also left bitcoin out of their main portfolio models because of that volatility and the unstable correlations The bullish counterpoint is that Hougan from Bitwise thinks 55% vol is too high since its been falling for years. If vol keeps coming down, the compound number goes up a lot even with the same average return For me the takeaway is not "best asset of the decade" but that even a very conservative bank now treats it as a real asset class. Thats the bigger signal

Postmodern_Plunger

Yes. According to US law that is unjust enrichment and you can be sued for it. It was not framed as a gift. It was framed as a purchase of a real asset. If there was no exchange of value (i.e., if people didn't receive the Trump token), then what you're saying would be legally sound. But because they received something after being told they were getting nothing, the sale is considered a transfer of an asset. If it were an SEC regulated security, this would've been prosecuted as fraud. Well, probably not, because we arent prosecuting him for the many other violations of law since he's a sitting president. But he would've had people suing him, that's for sure.

finniruse

This is my working theory too, and like literally every investor, educated or not, it's crystal ball gazing. My theory: The lack of a blow off top. Scott Bessent then coming out and indicating that they'd print more money to buy US debt, shocking the BTC market — lots of investors were expecting more downside and many feel sidelined. Huge amounts of macro uncertainty, which has been brushed off for many years but seems to be worrying a lot of investors. An unhinged US president who starts wars that drive inflation. What would frustrate and surprise a lot of people, I think, would be a range bound btc for all of next year. And then at some point, once 80k feels like the most miserable number in the world, the memo will come through and it'll skyrocket.

jeffdeansalem

There are a lot of pessimistic comments here. Calling you dumb. These people have no idea what leverage is. What you are doing is a textbook example of Leverage. Its what the government and many institution are doing. What would I do differently is invest it on something that would provide dividend. In the US, we have BTCI which is a covered call ETF on spot bitcoin but pays 20-30% yield in form of dividends. The dividend is more than enough to cover the interest so you can reinvest the rest. This way you borrow money but pay it back without dipping into your own pocket while maintaining a Bitcoin exposure.

escodelrio

**Historical Bitcoin prices for today, October 26th:** 2026 - $80,074 2025 - $114,472 2024 - $67,015 2023 - $34,157 2022 - $20,770 2021 - $60,364 2020 - $13,075 2019 - $9,245 2018 - $6,475 2017 - $5,905 2016 - $678 2015 - $285 2014 - $355 2013 - $189 2012 - $10.2 2011 - $2.80 2010 - $0.20 **Additional Stats:** Bitcoin's current market cap is $1.61 trillion. Bitcoin's current block height is 973260; with the average block time for the last 7 days being 9.47 minutes and the average block size for the last 7 days being 1.63MB. Bitcoin's average block time for the year 2026 is 10.13 minutes. Bitcoin's mining difficulty is currently 140.58 trillion; with the next difficulty adjustment anticipated on 29-Oct-2026 (within 468 blocks). The mining difficulty is currently expected to increase 6.3% to 149.44 trillion. Bitcoin's current block reward is 3.125₿, which is worth $250,232 per block. Bitcoin's average daily miners' revenue for the last 7 days is $43.M; which translates to $0.040 per terahash per sec. The next Bitcoin halving is anticipated to happen between 26-Mar-2028 to 20-Apr-2028 (within 76,740 blocks); the block reward will fall to 1.5625₿. There are currently 18,599 reachable Bitcoin nodes. Bitcoin's average daily hashrate for the last 7 days is 1.076 zettahashes per second. Bitcoin's average daily trading volume for the last 7 days is $24.6 billion. Bitcoin's average daily number of transactions for the last 7 days is 737,088. Bitcoin's average transaction fee for the last 7 days is 2.06 sats/VB, with the average fee's USD amount being $0.27; with the median values being 0.11 sats/VB & $0.02 respectively. There are currently 20.10M ₿ in circulation, leaving 0.90M to be mined. There are currently 4.22M ₿ held by companies, governments, DeFi, and ETFs, representing 20.97% of circulating supply. There are currently 59,721,055 nonzero Bitcoin addresses that contain 164.55M UTXOs. Bitcoin's average daily price from 18-Jul-2010 to 26-Oct-2026 is $22,381. Bitcoin's average daily price for the year 2026 is $73,928. 1 US Dollar ($) currently equals: 1,249 satoshis; making 1 penny equal 12.49 sats. Bitcoin's minimum (closing) price for the year 2026 was $58,558.86 on 30-Jun-2026. Bitcoin's maximum (closing) price for the year 2026 was $96,929.33 on 14-Jan-2026. Bitcoin's minimum (intraday) price for the year 2026 was $57,747.76 on 01-Jul-2026. Bitcoin's maximum (intraday) price for the year 2026 was $97,860.60 on 14-Jan-2026. Bitcoin's largest daily decrease for the year 2026 was -$10,317.60 on 05-Feb-2026. Bitcoin's largest daily increase for the year 2026 was +$7,853.29 on 06-Feb-2026. Bitcoin's all-time high (intraday) was $126,198.07 on 06-Oct-2025. Bitcoin is down 36.55% from the ATH. However, Bitcoin is up 38.66% from the lowest point since the last ATH. Bitcoin has not reached an all-time high in 2026. It has been 385 days since the last ATH.

ADD-DDS

They’ve taken a beating but they are up an insane amount in the past year and a half. Central banks are continuing to stockpile record amounts of gold to lessen reliance on the US dollar

CoinEditionIndonesia

It doesn't always take one terrible headline to push Bitcoin lower.. Right now, it looks like a combination of factors. US spot Bitcoin ETFs saw roughly $773 million in net outflows on October 22–23, leveraged long positions have been getting liquidated, and traders are cautious ahead of the Fed's October 28 decision. The liquidation part is especially important.. When leveraged longs get forced out, that selling can accelerate an existing decline. So it's less about one piece of bad news and more about weakening demand, leverage, and broader market uncertainty

Brady113

You pointed out 3 reasons to support your argument, and also completely ignored all the counter points like you claim the '40k guys are doing'. That is confirmation bias, not a strategy. I do not claim to know what will happen either, but there are very good reasons why it COULD go down from here. Have a look at the state of the US economy, lots of indicators suggest a genuine chance of a market correction and/or recession. If that happens, and stocks get hit hard, bitcoin will most likely drop too.

DannyD12E

I'm guessing that pre US midterms is having a larger effect right now but I'm still relatively new to crypto so we'll see

Coleyx123

A government not going broke in the near future seems a lot better than holding. A broke country is going to steal it, just like the US did with gold in the 20th century.

Codify-The-Preamble

Artificial scarcity is not real scarcity. Golf cannot be created. The Dollar can but it’s tied to the credit worthiness of the US, which has intrinsic value.

mozy-rama

Let's look at the facts here regarding fundamentals: \- Bitcoin was born 2008 which was in the middle of a recession. We have not seen how Bitcoin has reacted to a recession (pricing before & after). \- Stocks are at an all time high in US Market. In other parts of the world, the stock market appears to be collapsing (Indonesia, South Korea, Turkey, etc.). \- Bitcoin is classified as "risk-on" asset. During economic down-turn/recession, "risk-on" assets are one of the first things to be sold off. \- There are multiple on-going wars which takes a toll in economic growth. \- The past 3 US mid-term elections have shown that BTC bottom in price is after the elections. It's likely to happen again which is slated for Nov 3, 2026. Saying BTC has already bottomed is going against the odds. So far it's been 3/3 with BTC bottom being after mid-term elections. What you're saying can't be ruled out. Probability is low at 40-50k but can still happen. Personally... I am not convinced the bottom is in. I'm leaning towards Jan-Feb timeframe as being the bottom. I'll stack more to my position when that happens. I expect BTC to grow on average 30% year-after-year against USD fiat. Bitcoin is the best investment anyone can make. Your future self will thank you. Good luck on your quest in finding financial freedom sooner than later!! Cheers!

rgnet1

You can't escape tax on any asset you own that appreciates in value over time. I'm hopeful that laws pass like the one [Lummis in the US has proposed](https://www.btcpolicy.org/articles/the-bitcoin-de-minimis-tax-exemption) that removes gains tax on small purchases (transactions up to $300). If not this then something like it.

HSuke

Netanyahu cares far more about holding power at all costs than about Israel becoming a pariah state and losing access to global economies. It doesn't matter if others are suffering, or if he keeps allowing the ultra-Orthodox to draft dodge while the rest of the country takes on their burden. (His own son is hiding in some luxury estate in the US.) He just wants to hold onto power.

escodelrio

**Historical Bitcoin prices for today, October 25th:** 2026 - $80,510 2025 - $111,642 2024 - $66,642 2023 - $34,503 2022 - $20,096 2021 - $63,040 2020 - $13,031 2019 - $8,661 2018 - $6,476 2017 - $5,751 2016 - $658 2015 - $284 2014 - $347 2013 - $198 2012 - $10.9 2011 - $2.80 2010 - $0.10 **Additional Stats:** Bitcoin's current market cap is $1.62 trillion. Bitcoin's current block height is 973094; with the average block time for the last 7 days being 9.45 minutes and the average block size for the last 7 days being 1.64MB. Bitcoin's average block time for the year 2026 is 10.13 minutes. Bitcoin's mining difficulty is currently 140.58 trillion; with the next difficulty adjustment anticipated on 29-Oct-2026 (within 634 blocks). The mining difficulty is currently expected to increase 5.54% to 148.37 trillion. Bitcoin's current block reward is 3.125₿, which is worth $251,594 per block. Bitcoin's average daily miners' revenue for the last 7 days is $43.22M; which translates to $0.0404 per terahash per sec. The next Bitcoin halving is anticipated to happen between 26-Mar-2028 to 20-Apr-2028 (within 76,906 blocks); the block reward will fall to 1.5625₿. There are currently 18,097 reachable Bitcoin nodes. Bitcoin's average daily hashrate for the last 7 days is 1.070 zettahashes per second. Bitcoin's average daily trading volume for the last 7 days is $25.51 billion. Bitcoin's average daily number of transactions for the last 7 days is 714,361. Bitcoin's average transaction fee for the last 7 days is 2.07 sats/VB, with the average fee's USD amount being $0.28; with the median values being 0.13 sats/VB & $0.02 respectively. There are currently 20.10M ₿ in circulation, leaving 0.90M to be mined. There are currently 4.21M ₿ held by companies, governments, DeFi, and ETFs, representing 20.95% of circulating supply. There are currently 59,729,103 nonzero Bitcoin addresses that contain 164.58M UTXOs. Bitcoin's average daily price from 18-Jul-2010 to 25-Oct-2026 is $22,372. Bitcoin's average daily price for the year 2026 is $73,909. 1 US Dollar ($) currently equals: 1,242 satoshis; making 1 penny equal 12.42 sats. Bitcoin's minimum (closing) price for the year 2026 was $58,558.86 on 30-Jun-2026. Bitcoin's maximum (closing) price for the year 2026 was $96,929.33 on 14-Jan-2026. Bitcoin's minimum (intraday) price for the year 2026 was $57,747.76 on 01-Jul-2026. Bitcoin's maximum (intraday) price for the year 2026 was $97,860.60 on 14-Jan-2026. Bitcoin's largest daily decrease for the year 2026 was -$10,317.60 on 05-Feb-2026. Bitcoin's largest daily increase for the year 2026 was +$7,853.29 on 06-Feb-2026. Bitcoin's all-time high (intraday) was $126,198.07 on 06-Oct-2025. Bitcoin is down 36.20% from the ATH. However, Bitcoin is up 39.42% from the lowest point since the last ATH. Bitcoin has not reached an all-time high in 2026. It has been 384 days since the last ATH.

norfbayboy

Ai might be the shiny new tech but I dont think crypto has been pushed out of public consciousness. The world is going through a cost of living crisis, US debt is unsustainable, countries are repatriating gold while the world reserve currency has been weaponised. People are very much thinking about money, scarcity and economics. Bitcoin is not going anywhere and it will be there when the next financial bed shitting happens. Have you asked your favorite ~~ai~~ *super intelligence* what money it prefers and why?

tenor_tymir

You think with 99% supply in circulation and the US building a strategic BTC reserve, it has *not* matured yet?

Efficient_Range1156

I think the main factor influencing price of equities and bitcoin right now is geopolitical uncertainty, particularly US/Israel/Iran and Russia/Ukraine wars. I think it’s too early to say why capital has not yet rotated into bitcoin in a conspicuous way. Whatever the case may be, JP morgan’s relatively bullish outlook on bitcoin was never going to affect its price unless they announced that they were actively buying large quantities of it.

Amareisdk

I reached this conclusion some weeks ago. Bitcoin will either be destroyed by quantum/AI or become irrelevant if Elon Musks prediction about GDP and AI/humanoids come true. Bitcoin is a bet against the US economy. It has always been. Until it has core usage, like gold, then it is simply a bet against the economy. This is why we need to our money in other things that Bitcoin.

Mysterious_Big_4582

don't answer any DMs for real, they'll drain you before you blink if you're in the US, coinbase or kraken works fine for cashing out, just be ready for the tax headache that comes with it. you can keep some in bitcoin too if you want, no need to sell everything at once

BowDown2No1ButCrypto

I would also like to first give you my condolences on the loss of your father OP! Now to the advice on what to do with your newly inherited BTC. Listen to this redditor right here! This person has given you the most solid advice anyone could possibly give you. Me personally, I'd hold onto the BTC for the long-term! I don't know your age, but if you can hold onto it for at least the next 5-15 years, you'll have something that'll increase in value and be worth much more than US dollars even more valuable than it already currently is! Let's say if you have $100K worth of BTC right now, in 5-15 years it could be worth $500K-$1 million dollars. Your father was a very smart man, and I'm sure he was trying to set you up to be much wealthier than you currently are, and if he was still here and was able to give you the best advice, he'd tell you exactly what this person has just told you. I encourage you to do some research on the past, present, and future of BTC! Best of luck to you OP.😉🫡🙏

OutlandishnessLimp25

Condolences on the loss of your dad. Pause in this moment and understand the fact that he owned Bitcoin made him smart, or at a minimum, curious and doubtful about the dollar. Your Bitcoin is already invested. Think of the vehicle the dollars sit in, that’s what it is invested in. For example, say he left you Apple stock, the US dollars are invested in Apple stock, so you’d have to sell the Apple stock and you’d be left with US dollars (if you’re in the US). With Bitcoin, you’d have to get rid of Bitcoin and be left with US dollars. Depending on how you own Bitcoin would determine exactly how you’d sell it. (Owning the Bitcoin directly or via an ETF etc.) In both examples above you would be choosing to have dollars instead of the other asset (Apple stock or Bitcoin). You’re essentially saying, “I’d rather have dollars instead” if you sell the other assets. Of course, it’s your inheritance and you can use the funds however you’d like, but I’d highly encourage you to first study Bitcoin before selling it—or at least meet with 2-3 financial advisors (depending on how much he left you this is a good idea in general). Here are a couple visuals to help you understand that US dollars over the longterm will steadily lose their value, while Bitcoin will steadily be worth more as time goes on. (Dollars are printed into an oblivion by the Fed, making them worth less and less over time.) In both examples, below, you’ll see, holding onto Bitcoin over large amounts of time is more valuable than holding onto dollars. https://ibb.co/sV1sLSV https://ibb.co/qWtxfmF Something to consider, Elon Musk, whether you love him, hate him or indifferent towards him, has chosen to hold Bitcoin as an investment via Tesla and SpaceX. He owns nearly $1Billion worth and has so for many years. Lastly, if you were my family member and I do realize your financial situation may vary and details do matter, but if you were my family asking me “what should I do” I would suggest Bitcoin is the absolute last thing I’d sell assuming you have other assets to sell before Bitcoin—and this would include selling a house before selling Bitcoin. The tricky part with the house example is, you may have family of your own and the house can be helpful for more people than just you, it also may have sentimental value. But over the next 5,10,20 years Bitcoin will be more valuable than a home. Educate yourself on what you own before you start selling stuff —this applies to Bitcoin and any other assets your dad may have left for you. Best of luck!

Reggi5693

Bitcoin, in the US is handled like any other inherited asset. Note the price on the date of his death. This is your cost basis. If you sell it today, you would pay taxes on the difference between today’s price and the cost basis. So, that is the good news. The second issue is where is it. If it is on a cold wallet, like a trezor, you will need to move it to an exchange to sell it. So you will need to open an account at a place like Coinbase. Link your checking account. Transfer the bitcoin to your “coinbase” account and sell it for dollars. Keep in mind, exchanges may be suspect of you dropping 100 BTC (I hope it’s that much) and selling them right away. You might want to check with their customer service department to understand their “know your customer” and “hold” practices. If you are moving large amounts it will attract attention: Attention from the IRS, attention from your local bank, and God knows who else. Keep very thorough and clean records. Pay whatever taxes you might owe. Don’t try to get “sneaky.” You are not as smart or crafty as the IRS or state tax folks. Being “cute” with the rules when dealing with big money (even if it’s just big to you) will end up costing you money. If you don’t want to hold a bunch of BTC, that’s fine. I think you should have some. But the key is that this is found money. If you are in the US, your tax liability should be pretty low because the basis has been stepped up. Finally, if it is a LOT of money you might trigger some inheritance tax issues in your state. I know in MA it would not take much to bump up an average household to near inheritance tax levels. Good luck with this. Thank your dad for leaving this. It’s not ”complicated” when you break it into bite sized steps.

RexDraco

Not one to one but kinda reminds me of how the US dollar was symbolic of gold, you would even store your gold for safe keeping to gain currency, then one day they just decided you can't get gold anymore, but the US dollar is totally valuable. 

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Sucks_At_Investing

It's crazy because people think the US is capitalist but the economy is actually directly controlled by the government, we just pretend there are middle men. And the infamously disliked government in the Middle East, you're on the right track but I can almost guarantee you're talking about the middle man there. Let's look closer for a second: everyone knows the US lets Israel get away with things we don't let other countries get away with. Everyone knows our foreign policy in that region will always benefit Israel, or hurt Israel's enemies. There's really no doubt about that, but the question is "why?" Their oil production pales in comparison to most of their neighbors. They don't subsidize our defense industry, we subsidize theirs. We don't have airbases there, and we don't need them because we already have them elsewhere in the region. You could do the old fashioned "it's the Jews" thing but that's lazy. There are banking billionaires from China, Russia, India, Europe, and the US. There are fabulously wealthy political donors who can and do affect our elections as much as or even more than AIPAC, but the effect is nevertheless real. We really do let them get away with everything. So, why? Because it's the explicit desire of another infamously disliked government in the Middle East. Saudi Arabia doesn't just have more oil than anyone else. They have so much more oil than everyone else that they can manipulate the worldwide energy market by increasing or decreasing production on a given *day.* They do with energy *exactly* what the Fed does with interest rates. They are the reason nuclear power is still considered dangerous even though that's been well proven to be absolutely ridiculous for decades now. They are the reason the US and many other countries have been so resistant to renewable energy in general. They don't want that, so they pull whatever strings they need to and they get our politicians and our media moguls to spin their own narrative. But they hate Israel, right? Why would they want us to back Israel? While the majority of the citizens of SA are Sunni, the Saudi royal family is secular. They live incredibly lavish lives, drinking and fornicating and doing all the fun western stuff. They get to, because they're in charge, and there are only two things that could potentially threaten their dominance in the region. The first of those things are the Wahhabis. They are the particularly fundamentalist sect of Sunni Muslims who live in SA and who have the popular support to actually cause serious domestic trouble for the Saudi government. They are the reason Saudi women didn't get the right to drive until a few years ago. They're the reason SA is a Sharia practicing country even while the Saudi royals are flaunting their haram behavior. Keeping their eyes directed elsewhere is essential to the Saudi royals. The only other thing that could potentially threaten their dominance is Iran. Iran's majority Shia population and Shia government have direct control over the Saudis' ability to ship their products, and their sphere of influence includes basically the rest of the Shia population in the Middle East. They are the reason the Saudis started that coalition in Yemen several years ago, they're the ones backing the Houthies, HAMAS, Hezbollah, etc. and they have the technological and economic infrastructure to swing around. This is something every decision-maker in the US armed forces understood until the Trump administration fired all the smart ones. Saudi Arabia outwardly hates Israel. They have to, to keep the Wahabis happy, but behind closed doors Israel is their greatest ally. See we aren't Israel's puppet; Israel is our puppet and we are Saudi Arabia's. By exercising their control over the money in our politics, they are able to keep Iran from becoming a major threat without lifting a finger. When the Houthies took Sanaa in 2015, we were the closest we've been since the 1970's to getting off their yolk. Israel didn't go to Yemen in 2015, and neither did we. In 2015 the Saudis had to rile up their OPEC buddies and go handle business themselves. They failed, but kept trying even after the UAE backed out and it became obvious that it was a losing proposition. They didn't much like that. They're much happier now that things are back to the way they were.

Lavayo

Sorry but in Germany the mcrib was just stopped indefinitely. So it's VERY bearish from our perspective. 💀 I suppose it will be a seasonal thing from here on out, til now it always was on the menu. Did not even know this was a on/off item in the US.

Romanizer

JPMorgan described that utility factor quite well in their recent report. They stated that Bitcoin is the best store of value independent of central banks and expect it to be the fastest growing asset class of the next 10 years with a sharpe ratio similar to large US equity. Bitcoin was created because of global financial turmoil which probably wouldn't have happened if it was already used by private banks as balance sheet asset. Technically, it has fewer risks than any other asset. Most traders are too young to remember that volatility is not the only risk there is. Besides that, no wealthy person would be where they are without taking some risk.

Radiant_Addendum_48

I’m your mind. Do you imagine that the US government has absolute control over financial markets? Do you think supplying liquidity is the be all end all of fixes? Don’t get me wrong I think you are reasonable to say a lot of these things. Just that you overestimate government power to control and oh yes, equities will crash again, even if in real inflation adjusted terms.

UnsersGottaGo

i don't think the US has guaranteed US markets will never crash. In a crash condition, read up on AIG, GM, united airlines, Silicon Valley Bank. The pattern is government protects strategic industries, infrastructure, customers, and creditors when it can. Shareholders lose. Workers get trampled. I think AI infrastructure is a foundational shift in strategic US industrial base because compute. But in crisis, government cares a lot less about the company's market cap, and they leave investors holding the bag time and time again. So a national security based AI bailout could protect semiconductor and manufacturing, utilities, and physical infrastructure, but the same bailout could dilute the shares or restructure the companies and fuck investors over. And workers get trampled.

GenZguy1

move to a different country if you’re in the US

dont-be-angry

I'd put a fresh $20 down that they already \*are\* nationalized. They let the CEO figureheads of AI do their thing out there and "raise money" among the other shells of the US Govt who have been quietly nationalized or infiltrated with TS/SCI and mil-intel folks, but like Boeing/Lockheed/Raytheon/etc ... if making military grade equipment and missiles weren't "profitable", would they stop production? Close shop? No. The geopolitical money wizards open the spigot of money which kicks the can and they preserve control over hard assets and geopolitical control. Only problem is that the government in charge of US Companies is not the United States government, but actually another infamously disliked government in the Middle East

aaj094

And who gives value to the $? The 'full faith and might of the US govt'?

explosiveplacard

Yep, here in the US a married couple can sell \~$100k per year in LTCG and stay in the zero percent tax bracket as long as they don't have other income. Even more once you factor in deductions. That's about as efficient as you're going to get!

Cassiopee38

Seems simple and elegant. Also i don't see why this scenario wouldn't be done in the current situation. Any input from the china side ? Their economy seems strong enough to resist this + their own level on AI and tech in general makes them serious competitors to the US in the matter. They do rely on the rest of the world buying their stuff to stay afloat and such need american and european market to stay in relatively good shape. And their way of buying whatever they can wherever they can also spread assets in zone that profit more in peace contextes than in war contexts (such has international harbors, for example)

Torshein

Most of the US doesn't use heat pump hot water heaters. This lower element running 80% of the time would do the vast majority of the heating/maintenance heat and the upper element is your surge capacity. Doesn't make sense for most people but can have interesting applications especially if the price comes down

Various_Armadillo393

I've p much gathered that being born a us citizen is like being born with the tax version of HIV. Then I realized its cheaper to mange literal HIV than it is to get rid of US tax liability

hbn14

I'm stupid so I want to understand; are you suggesting that DOD / US Govnt might nationalize Open/Anthropic to offset the USD fall-out / printing USD into oblivion? China has accumulated a decent amount of Gold, Russia with Brics (potentially hidden BTC stash) ; wouldn't be "counter-productive" for US economy to make those "hard assets" go up?

Achilles137AB

Need to get the govt out of our extra earnings. It's none of their business. Our payroll taxes in the US are actually against the law and aren't supported by the federal courts, but yet the IRS enforced them. Need a revolution over this lol.

ProceduralTaco

It’s not logic, it is lived experience. The only time US currency deflated was the Great Depression.

JustinCPA

Not all at the 12 month mark, but to answer your question. US, Australia (though it’s changing soon), Germany, India, Croatia, Luxembourg, Slovakia, Turkey, Czech Republic, Portugal. Some of these don’t have written explicit guidance about crypto but a lot of the tax professionals I talk with in these countries apply long term thresholds that apply to things like equities and other assets. I changed my response to say “some” as to not offend the wound up people. sheesh

oshinbruce

When people from the US go to other countries mcdonalds they always remark how much extra stuff is on the menu compared to the US. Problem is if they roll out an extra product to the US stored they cause a supply shock and getting enough producers is a problem

escodelrio

**Historical Bitcoin prices for today, October 23rd:** 2026 - $81,627 2025 - $110,070 2024 - $66,432 2023 - $33,086 2022 - $19,567 2021 - $61,394 2020 - $12,932 2019 - $7,515 2018 - $6,476 2017 - $5,930 2016 - $657 2015 - $277 2014 - $358 2013 - $228 2012 - $11.6 2011 - $3.20 2010 - $0.10 **Additional Stats:** Bitcoin's current market cap is $1.64 trillion. Bitcoin's current block height is 972780; with the average block time for the last 7 days being 9.76 minutes and the average block size for the last 7 days being 1.64MB. Bitcoin's average block time for the year 2026 is 10.14 minutes. Bitcoin's mining difficulty is currently 140.58 trillion; with the next difficulty adjustment anticipated on 29-Oct-2026 (within 948 blocks). The mining difficulty is currently expected to increase 7.37% to 150.94 trillion. Bitcoin's current block reward is 3.125₿, which is worth $255,085 per block. Bitcoin's average daily miners' revenue for the last 7 days is $42.M; which translates to $0.0402 per terahash per sec. The next Bitcoin halving is anticipated to happen between 26-Mar-2028 to 20-Apr-2028 (within 77,220 blocks); the block reward will fall to 1.5625₿. There are currently 96,614 total Bitcoin nodes; with 25,799 being reachable nodes. Bitcoin's average daily hashrate for the last 7 days is 1.046 zettahashes per second. Bitcoin's average daily trading volume for the last 7 days is $24.57 billion. Bitcoin's average daily number of transactions for the last 7 days is 680,135. Bitcoin's average transaction fee for the last 7 days is 2.2 sats/VB, with the average fee's USD amount being $0.30; with the median values being 0.19 sats/VB & $0.02 respectively. There are currently 20.10M ₿ in circulation, leaving 0.90M to be mined. There are currently 4.21M ₿ held by companies, governments, DeFi, and ETFs, representing 20.95% of circulating supply. There are currently 59,711,346 nonzero Bitcoin addresses that contain 164.54M UTXOs. Bitcoin's average daily price from 18-Jul-2010 to 23-Oct-2026 is $22,352. Bitcoin's average daily price for the year 2026 is $73,865. 1 US Dollar ($) currently equals: 1,225 satoshis; making 1 penny equal 12.25 sats. Bitcoin's minimum (closing) price for the year 2026 was $58,558.86 on 30-Jun-2026. Bitcoin's maximum (closing) price for the year 2026 was $96,929.33 on 14-Jan-2026. Bitcoin's minimum (intraday) price for the year 2026 was $57,747.76 on 01-Jul-2026. Bitcoin's maximum (intraday) price for the year 2026 was $97,860.60 on 14-Jan-2026. Bitcoin's largest daily decrease for the year 2026 was -$10,317.60 on 05-Feb-2026. Bitcoin's largest daily increase for the year 2026 was +$7,853.29 on 06-Feb-2026. Bitcoin's all-time high (intraday) was $126,198.07 on 06-Oct-2025. Bitcoin is down 35.32% from the ATH. However, Bitcoin is up 41.35% from the lowest point since the last ATH. Bitcoin has not reached an all-time high in 2026. It has been 382 days since the last ATH.

NeighborhoodOld163

I've been donating bitcoin to US non-profit 501(c)3 organizations to fulfill my charitable pledges. That way I avoid the capital gains tax and get a deduction for tax purposes. The charity uses an intermediary to sell the bitcoin and send them USD. I get a receipt from the intermediary after a couple confirmations.

bitusher

They posted some updates with FAQs I see https://x.com/heatbit_com/status/2113465180504150458 **1. Will it fit my water tank?** Most likely, yes! Most electric tank water heaters sold in the US and Canada use the same standard 1" screw-in element port, including A. O. Smith, Rheem, Bradford White, State, Richmond, Whirlpool, Kenmore, and GE. Bitwater is designed to fit this standard port, and the kit includes a wrench for installation. **2. Is 600W enough? Why not 4,500W?** Yes, it's enough. Traditional 4,500W elements heat water fast, then shut off. Bitwater's 600W heats steadily over longer periods while mining Bitcoin, closer to 80% utilization. Bitwater heats steadily while mining Bitcoin. We've tested 600W through winters in New York and in Florida, with great results in households of 4–5. And when demand spikes, your existing upper heating element provides backup anyway. **3. How much Bitcoin will Bitwater mine?** It depends on your hot water usage and mining conditions. Someone asked @grok to do the math. We'll let it speak for itself 👇 Of course, estimates aren't guarantees. Actual results will vary. https://x.com/heatbit_com/status/2113467289983144103 1-1.25 usd of btc a day

Successful-Werewolf3

Depends a lot on the issuer, they're not all the same. Take Binance's bStocks on BNB Chain for example. Dividends aren't lost, they get reinvested through a multiplier on the token (after the 30% US withholding), so over time each token represents a bit more of the share. You can also redeem for real shares through their broker if you do KYC. What you dont get is voting rights, thats the real tradeoff. So for a long term holder its less of a loss than it sounds. You keep the economics, you lose the vote. For most retail investors the vote never mattered anyway tbh. The 24/7 part is nice but honestly the bigger thing for me is that you can hold them in your own wallet and set limit orders that just sit there until price hits, even on a weekend. I work on a project doing exactly that, an onchain order book for these tokens where funds stay in your wallet until the order fills. You dont have to watch the screen at 3am because the market is technically open.

loontoon

How about not assuming everyone lives in the US.

OutsideWishbone7

No. Like most Americans he assumes US tax policies apply to everyone. He literally said “in most countries”. If he’d not said that then it would have been fine.

AutoModerator

Post is by: Tobias_CBC and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1xd8m6m/treasury_yields_are_above_5_what_does_that_change/ This chart shows a changing backdrop for Bitcoin: the US 10-year Treasury yield rose from 4.19% on 2 January to 5.13% on 21 October. That is a nominal Treasury yield, not the Fed’s policy rate or an inflation-adjusted return. My interpretation: higher yields change the comparison investors make between risky assets and government debt. Uncertainty: this chart alone cannot explain Bitcoin’s price moves or establish which factor drove yields higher. **What evidence would distinguish a temporary yield shock from a lasting change in Bitcoin’s macro backdrop?** *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

BrendanRodgersss

First question should probably be which country you're tax resident in. A lot of the advice here assumes US capital gains rules, but the treatment of crypto sales varies quite a bit between countries. Keeping accurate purchase records and knowing your cost basis is important regardless of where you live.

BN_Boi

US only sadly

goofytigre

You'd still owe any outstanding taxes and possibly an additional exit tax as a parting gift (if you ever plan on possibly coming back to the US for any reason in the future).

NarSEEartist

Sweet. I need a bro. Wanna hook up a single mom currently drownding in the US climshit that’s come to head since 2019? This includes a car ins company stripping our coverage without notice and making ton of endorsements without tell us, we hit two deer, claim wasn’t fulfilled. Then worked for a large corporation to move to a smaller one to get hacked and after buying third computer losing remote job due to not being able to work. Then taking 15k nest egg from legit rent to own to a fraud. Apparently not criminal in US. Overall loss was 11.5k, to barely getting into a mortgage to get sick 9 months due to mold, abusive ex, carbon monoxide poisoning (ex was a commercial insulator? Suspicious) to finally getting police to hear me and take us to safety… to getting charge with food stamp fraud 10k, to DSS and CPS making a 27 allegation report against myself and ex that was 98% false. At this point I had secured a safe place to live, mental health doctor, clean UAs, therapy and voluntary parenting classes, but since his mother worked in the same building as the lying cps worker and the detective that charged me with fraud… im over a year out and my kids still aren’t permanently home. The only thing this country cares about is money and I have zero in all my accounts. I almost made it through an entire year without income or benifits and im right on the bring of my kids coming home ( ex is now in a coma from a motorcycle accident probably involving meth), but I’m tapped out in the tiny support system i had. I need to write a book. Legit. I’ll survive — end rant — human

JustinCPA

In the US and most other countries, yes

sirhowy

man, that fucking sucks.. but nah I’m British, I can see the UK changing the rules at some point to match the US system, but thankfully we’re not there yet

shpeucher

I’m not a US tax expert or even an American. But my understanding is you have to file as a citizen no matter where you live. So your tax return would still be the same as if you lived in the US

JustinCPA

I mod r/CryptoTax and run tax strategy at Summ. The reality is the most tax-effective way to sell bitcoin is to just wait 12 months for long-term holdings and then sell when you’re total annual income is low. Depending on how much you make for the year, including the capital gains themselves, you might even be able to hit the 0% long-term cap gains rate. It’s called tax gain harvesting and it’s basically just strategizing your long-term sales on years where your income is low in order to sell at the 0% long term capital gains rate. Things that won’t work: 1. Moving to another country - you still pay US tax and if you renounce your citizenship you’ll pay an exit tax. 2. Moving to Puerto Rico - same as above you’ll pay an exit tax 3. mAkE aN LLC - LLCs don’t do anything, they’re just corporate structures and unless you make a specific tax designation (C-corp, S-corp etc) then it’s just a pass through entity on your own return. Even if you make a tax designation, moving your assets into that LLC are almost certainly not going to have any tax benefits without a legitimate business.

ep193

Where is this? In the US they even tax us if we make the money outside the US.

Queasy-Ride4291

If you’re in the US, make zero income and cash out $98K of long term profit. 

youcangotohellgoto

Regarded response! What makes a currency work? People accepting it for payment! Who is the biggest collector of payments? US government!

gerrfalcon

Well, no, but to your original comment, which said you can’t, well, you actually can, and if the US wanted to, they could do the same. Probably will happen with digital dollar at some point. I’m not from the US. The US is not the entire world. Bitcoin can be global.

arcrad

Are you taking about US dollar?

stanley_fatmax

That's what I thought you meant. Trump like any other president is a figurehead, this is realized both inside the US and outside. The US is not a laughing stock, Trump is. The US is a superpower. Don't confuse the two.

ChristiansAttack

Not in the US

Hungry-Ad7987

I think the US debt treasury will be tokenized on the block chain available to everyone. Printing more money will only cost inflate interest. US already pays 1T per year on interest. They are planning big overhaul to fix the debt through blockchain, agentic ai and crypto.

Infamous_Crow8524

So… It isn’t backed by the US economy and productive force?

Crab-Stick-Man

I agree. But ultimately it will be de-dollarisation that will defeat the US military. Once other countries stop buying the dollar the only other way to fund it is by printing money which will cause domestic inflation to sky rocket and be unsustainable. Of course the US can raise productivity but let’s face it, most manufacturing has left the US a while ago.

Kracus

lol, so if I convert Canadian dollars to US dollars that means Canadian dollars aren't currency? Did you think at all when you typed that out?

Kracus

The US will never default on its debt because it can simply print the money but mark my words, the USD as a currency will fail by 2030.

Infamous_Crow8524

My grocery store doesn’t accept stock certificates or US Treasuries as currency, does that mean they have no value?

Infamous_Crow8524

Then why is it, that as the US economy grows in value, and the productivity of labor increases, the US dollar gets less goods and services when spent? If it is backed by those, over time, it should get more when spent.

Infamous_Crow8524

Where do I exchange my US dollar, for a portion of the US economy and its productive force?

CluelessGuy52

US Military & Economy.

Affectionate-Fig8866

The dollar is backed by the US government and your taxes you fool.

VSU-yt

The US military, which as much as I hate to admit it, goes unbelievably hard.

texas-hedge

Dude, if I were you, I would book a flight and show up at their office in person. Their US operation is headquartered in Miami.

Hungry-Ad7987

Only in extreme scenarios like the US defaulting on its debt which currently unlikely. This is why I'm suspecting tokenization of and agentic ai. debt, mortgage, stock market etc on the blockchain is going to kick the economy and gpd into high gear and unlock trillions that are in the banks as collateral.

isunktheship

USD is backed by the US military

__lorandite__

US Army is backing up the dollar... If it was another country , the country will have to sell it's resources or assets. Try do that with US... I think that would be the answer. Bitcoin, until gets backed up by a superpower it's backed up by belief... And in my opinion Bitcoin is a tool , used to manage the de-dollarization process. But that's my position.

Discokruse

The value of a currency is the cost to produce a new one. The US dollar is produced by the US government and is made by writing treasury bonds, where the costs are measured in interest rates. The current cost is around 5% annually, depending on the term. Bitcoin is produced by mathematical calculation solving rare hashes and is made by miners. The costs is equipment and power infrastructure. The current cost is around $65k/btc to procure a new bitcoin. See the difference?

escodelrio

**Historical Bitcoin prices for today, October 22nd:** 2026 - $81,811 2025 - $107,689 2024 - $67,361 2023 - $29,994 2022 - $19,208 2021 - $60,692 2020 - $12,966 2019 - $8,078 2018 - $6,487 2017 - $6,008 2016 - $657 2015 - $274 2014 - $383 2013 - $203 2012 - $11.7 2011 - $3.20 2010 - $0.10 **Additional Stats:** Bitcoin's current market cap is $1.64 trillion. Bitcoin's current block height is 972623; with the average block time for the last 7 days being 9.49 minutes and the average block size for the last 7 days being 1.63MB. Bitcoin's average block time for the year 2026 is 10.13 minutes. Bitcoin's mining difficulty is currently 140.58 trillion; with the next difficulty adjustment anticipated on 29-Oct-2026 (within 1,105 blocks). The mining difficulty is currently expected to increase 5.88% to 148.85 trillion. Bitcoin's current block reward is 3.125₿, which is worth $255,658 per block. Bitcoin's average daily miners' revenue for the last 7 days is $42.99M; which translates to $0.0406 per terahash per sec. The next Bitcoin halving is anticipated to happen between 26-Mar-2028 to 20-Apr-2028 (within 77,377 blocks); the block reward will fall to 1.5625₿. There are currently 104,109 total Bitcoin nodes. Bitcoin's average daily hashrate for the last 7 days is 1.058 zettahashes per second. Bitcoin's average daily trading volume for the last 7 days is $25.78 billion. Bitcoin's average daily number of transactions for the last 7 days is 702,690. Bitcoin's average transaction fee for the last 7 days is 2.13 sats/VB, with the average fee's USD amount being $0.30; with the median values being 0.2 sats/VB & $0.03 respectively. There are currently 20.10M ₿ in circulation, leaving 0.90M to be mined. There are currently 4.21M ₿ held by companies, governments, DeFi, and ETFs, representing 20.95% of circulating supply. There are currently 59,701,160 nonzero Bitcoin addresses that contain 164.55M UTXOs. Bitcoin's average daily price from 18-Jul-2010 to 22-Oct-2026 is $22,342. Bitcoin's average daily price for the year 2026 is $73,841. 1 US Dollar ($) currently equals: 1,222 satoshis; making 1 penny equal 12.22 sats. Bitcoin's minimum (closing) price for the year 2026 was $58,558.86 on 30-Jun-2026. Bitcoin's maximum (closing) price for the year 2026 was $96,929.33 on 14-Jan-2026. Bitcoin's minimum (intraday) price for the year 2026 was $57,747.76 on 01-Jul-2026. Bitcoin's maximum (intraday) price for the year 2026 was $97,860.60 on 14-Jan-2026. Bitcoin's largest daily decrease for the year 2026 was -$10,317.60 on 05-Feb-2026. Bitcoin's largest daily increase for the year 2026 was +$7,853.29 on 06-Feb-2026. Bitcoin's all-time high (intraday) was $126,198.07 on 06-Oct-2025. Bitcoin is down 35.17% from the ATH. However, Bitcoin is up 41.67% from the lowest point since the last ATH. Bitcoin has not reached an all-time high in 2026. It has been 381 days since the last ATH.

FSpursy

literally if one day the billionaires or the US government (or any biggest government at that time) says we only accept this new currency, or this token, for our very important service such as a universal AI agent, then every other currency will start to lose its value lol. And it feels very possible in the near future...

DevilDrives

US dollar is backed by the US economy and it's productive force. Bitcoin is not. It's only backed by the investors themselves.

stanley_fatmax

What does that have to do with the comment you replied to? It just stated plain facts. Fiat currencies are backed by governments. The US dollar is backed by the US. The US is the world's primary superpower.

Federal_Pie_8864

Incomplete. The US dollar is also backed by oil trade which creates real external demand for US Dollars

Federal_Pie_8864

The dollar is backed by Oil trade and ultimately by the US Army

jujumber

It doesn't make sense that one day the productivity of the backer can decide dilute that productivity by printing a shitload more. If the US had a productivity backed dollar it would would be among the lowest desired compared to many other countries. The US Dollar has been propped up as being the currency oil that allows oil to flow. And that change will be disasterous to the dollar even if overall productivity within the US stays the same.

hipotionx

The US military.

Aggravating-Map-293

2014 I bought a BTC "Credit Card" with an address and private key scratchoff. $500 right out the door in 3 months. I call it tuition. Pulled my head out and took security very seriously. To the point even that I bought a ColdCard(CC) "For the Paranoid" and thought I figured it out. 6 months before the ColdCard Q hacks I moved my stack back onto another hard wallet because I saw a schematic about how the CC worked and that was diff from my understanding. Figured I'd play with the CC more and get deep knowledge. Then the CC thefts started. Crisis averted. I call that divine intervention. \*Then the boat accident. Now I'm into US gov bonds.

geneticdeadender

The US Military.

unitymind42

So is the US dollar. Tr”us”t.

Old_Skewler

I thought the US dollar was backed by the strongest military to have ever existed in this planet? 🤔

Far_Debate_9736

Thisis correct. The requirement every IS resident has to pay taxes ensures a floor level of demand for a the currency. The US dollar also has the advantage of being the reserve currency for the world and the petro dollar, thought that status is starting to look precarious.

kevinmfry

Actually if the US or China decided to to do a 51% attack they could easily do it

nazarkhomych

In my opinion - if you’re interested in my take, of course - we need to wait for money to rotate out of AI. Obviously, it's a breakthrough technology and all, but right now it feels way too overhyped and might not be generating profits that justify the sheer amount of capital being poured into it. I’m waiting for the earnings reports from the AI sector, and if revenue numbers come in weak, that’s when it might make sense to look toward crypto or precious metals, especially if things get really ugly. But overall, my main scenario relies on the US and Iran cooling things down a bit and the Fed continuing to cut interest rates.

Delicious_Volume3306

The US Government.

LetterheadLimp

The US dollar is backed by trillions of dollars of actual debt.