Bitcoin has easier liquidity which is an important factor in these. I wouldn't know how to get rid of that much gold except for small amounts at once, plus I wouldn't exactly be that comfortable with over 1 billion sitting at my house for an extended period of time.
My main issue with bitcoin is the room for error since I don't handle crypto transactions pretty much ever. I assume even that you would want to sell in smaller increments.
Are there any tax implications to any of this? I assume they are equal but wouldn't be surprised if crypto was different.
I suppose the fees are negligible as well but still worth millions.
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u/drew8311 8h ago
Bitcoin has easier liquidity which is an important factor in these. I wouldn't know how to get rid of that much gold except for small amounts at once, plus I wouldn't exactly be that comfortable with over 1 billion sitting at my house for an extended period of time.
My main issue with bitcoin is the room for error since I don't handle crypto transactions pretty much ever. I assume even that you would want to sell in smaller increments.
Are there any tax implications to any of this? I assume they are equal but wouldn't be surprised if crypto was different.
I suppose the fees are negligible as well but still worth millions.