shouldistillbuy profilja

should i still buy bitcoin Not everyone is so optimistic about Bitcoin's prospects. Pav Hundal, lead market analyst at Swyftxt, has expressed concerns about Bitcoin's future in the context of continued geopolitical upheaval and economic uncertainty. Billionaire investor Warren Buffet, meanwhile, has not minced words regarding his opinion on Bitcoin and its future. "The current crypto market rally has taken even the most optimistic crypto supporters by surprise, as the price is being driven by the massive institutional interest, in the form of strong inflows into the recently launched Spot Bitcoin ETFs in the US," said Parth Chaturvedi, Investments Lead, CoinSwitch Ventures. The question the IRS has yet to answer is whether someone could sell a bitcoin ETF and then buy a "substantially identical" cryptocurrency ETF or bitcoin itself without triggering the wash sale rule. Unfortunately, without additional guidance from the IRS on this topic, we can’t be sure of the answer. If you end up with a loss from a cryptocurrency or bitcoin ETF, we recommend meeting with a tax advisor to determine if the wash sale rules apply to your particular situation.