Contact Us

HOW TO

ContactUs

Send us a Message






    Contact Information

    WHAT IS

    Your Question

    Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world.

    “Cryptocurrencies have been used to launder the profits of online drug traffickers; they've been a tool to finance terrorism,” says Treasury Secretary Janet Yellen. It's a tool of “kidnappers and extortionists” that is “contrary to civilization,” according to Berkshire Hathaway Vice President Charlie Munger.

    Doesn't Bitcoin unfairly benefit early adopters? ... There is no guarantee that the price of a bitcoin will increase or drop. This is very similar to investing in an early startup that can either gain value through its usefulness and popularity, or just never break through.
     

    Cryptocurrency is considered “property” for federal income tax purposes. And, for the typical investor, the IRS treats it as a capital asset. As a result, crypto taxes are no different than the taxes you pay on any other gain realized on the sale or exchange of a capital asset.

    The price of a bitcoin is determined by supply and demand. When demand for bitcoins increases, the price increases, and when demand falls, the price falls.