Daily Express - Bitcoin crashing again, as reality intrudes on the libertopian fantasy. Quote:
The drop comes after it was revealed cryptocurrency investors could face hefty tax bills as the IRS closes in.
According to the Internal Revenue Service, anything purchased using a digital currency is liable to be taxed as a capital gain.
So anyone who has cashed out or paid for anything using cryptocurrency may have capital gains to report to the IRS.
One Reddit contributor earlier this week claimed they had discovered they owe the IRS $50k because they traded in cryptos.
Fucking libertopian buffoons. "Oh, reality doesn't matter to us! We're the future! Fiat currency is dead! Long live the new flesh!"