You dont need a accountant for it. You just have to download a free app which will give you your wallet. Its classified as a property by the IRS so you dont have to tell them about it until you cash out and you must pay the capital gains tax on your profits.
The value increases on a variety of factors but basically the more people using the crypto the more the value goes up. And just to scale for you. Not even the first but the second biggest crypto, ethereum did exchange 50% more money in the first quarter of this year (1.5 trillion) than paypal did the entire year (936 billion). Paypal also just started accepting payments in bitcoin which drove the price up. Every time a corporation jumps on crypro value goes up. It also goes down after big sell off but these are very predictable. When it hits bottom you invest more and it will recover eventually and goes back up.
If a place like amazon started taking payments in crypto you're gonna see the price sky rocket more than you can imagine. And its coming. Many countries dont have visa or mastercard and can not use amazon with their banks debit cards. Anyone can use crypto. It would be good for amazon financially to accept it.
Whys old ppl all against crypto
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You dont need a accountant for it. You just have to download a free app which will give you your wallet. Its classified as a property by the IRS so you dont have to tell them about it until you cash out and you must pay the capital gains tax on your profits.
The value increases on a variety of factors but basically the more people using the crypto the more the value goes up. And just to scale for you. Not even the first but the second biggest crypto, ethereum did exchange 50% more money in the first quarter of this year (1.5 trillion) than paypal did the entire year (936 billion). Paypal also just started accepting payments in bitcoin which drove the price up. Every time a corporation jumps on crypro value goes up. It also goes down after big sell off but these are very predictable. When it hits bottom you invest more and it will recover eventually and goes back up.
If a place like amazon started taking payments in crypto you're gonna see the price sky rocket more than you can imagine. And its coming. Many countries dont have visa or mastercard and can not use amazon with their banks debit cards. Anyone can use crypto. It would be good for amazon financially to accept it.