RE: Make money shorting Bitcoin, and It doesn't even have to GO DOWN
@bigram13, great article.
In addition, there are a couple interesting points about the structure (1) the tax implications of just buying/holding "stock" in this open trust and how it could create a tax return impact each year for its US holders, even if the holder doesn't sell their stock (unlike other stocks in c corporations where the gain/loss usually occurs only when the stock is sold or income is created through certain distributions & dividends). I don't expect the typical casual/retail investor would anticipate this impact to their return. And of course more relevant to your article: (2) the potentially negative valuation implications if GBTC was re-characterized as a corporation for income tax purposes (yahoo-alibaba anyone?). I go a little deeper on these issues in my blog.
Well ya everything is so new, also how would you report taxes on steemit. Capital gains or income. I have heard arguments for both.
I will be writing about that, receiving the SBD and selling/exchanging it -likely two separate events one is ordinary and one is capital (or maybe even like kind). Steem Power is even more complicated.
In further news, GBTC fell on the open more than 15%!
That will be a interesting read, will check it out. Ya it was down good. I wish it had some options on it.