#bitcoin.
Global
Global
peer-to-peer
peer-to-peer
decentralized
decentralized
digital gold.
digital gold.
What is Bitcoin?
Bitcoin is a form of digital money that enables direct, peer-to-peer transactions without needing banks or intermediaries. Unlike traditional currencies, Bitcoin exists solely in digital form, making it easy and efficient to transfer anywhere in the world quickly. It is secured by advanced cryptography, ensuring transactions are safe and tamper-proof.
The technology behind Bitcoin is based on accounting principles, and is called blockchain — a decentralized public ledger that records every transaction transparently and permanently. Blockchain uses cryptography to verify transactions, prevent fraud, and ensure the integrity of the entire Bitcoin system. Transactions are confirmed through mining: a distributed process performed by specialized computers that validate and add transactions to the blockchain securely.
Getting started with Bitcoin is easy — you simply install a Bitcoin wallet app on your smartphone or computer, generate your unique address, and then use it to send or receive Bitcoin payments. Bitcoin transactions are secured through digital signatures created by private keys, making them secure and trustworthy. We assist individuals and businesses by helping them adopt Bitcoin, manage their digital wallets, track their transactions, and comply with accounting and tax requirements.
In essence, Bitcoin provides individuals and businesses with a fast, secure, and transparent way of conducting transactions without the traditional limitations of financial institutions. By offering assistance with managing digital assets, navigating tax implications, and keeping accurate accounting records, we simplify Bitcoin adoption for everyone.
We seek the Way to financial freedom.
We seek the Way to sovereignty.
Bitcoin is The Way.
Knowledge Base.
Coin Curious.
The beginner exploring Bitcoin: learning the tech, grasping core concepts, and making their first transactions.
Block Builders.
Intermediate users actively engaging with the system: trading, securing wallets, and contributing to network growth.
Satoshi Sages.
The advanced Bitcoiner who just stacks sats: has deep knowledge, technical fluency, and influential ecosystem insights.
What are the implications of the new
One Big Beautiful Bill Act
on #bitcoin?
While the legislation does not directly address Bitcoin or cryptocurrency taxation, the broader economic environment it creates may be favorable for Bitcoin adoption and price appreciation. The combination of increased government debt, potential inflation, and continued regulatory uncertainty may drive more investors toward Bitcoin as a hedge against traditional financial system risks.
However, Bitcoin may benefit indirectly from the legislation's broader economic effects. The substantial increase in the debt ceiling by $5 trillion and the overall fiscal impact of the legislation may lead to increased money printing and inflation concerns. The legislation's potential inflationary effects also could drive more investors toward Bitcoin as a hedge against currency debasion. Nigel Green, CEO of deVere Group, observed that "Long-term yields are creeping up. Oil has moved higher. Gold and Bitcoin are rising on renewed fears about the erosion of purchasing power”.
On the tax front, the permanent extension of the capital gains tax structure may benefit Bitcoin holders by providing certainty about the tax treatment of long-term holdings. Bitcoin held for more than one year continues to qualify for preferential capital gains rates, with the highest rate remaining at 20% for high-income taxpayers. Lastly, the enhanced estate and gift tax exemptions provide significant benefits for Bitcoin holders with substantial holdings. The increase to $15 million per person means Bitcoin holdings can be transferred to heirs with reduced tax consequences, though the complexity of valuing and transferring cryptocurrency assets remains challenging.
Bitcoin holders and cryptocurrency enthusiasts face a notable absence of specific provisions in the One Big Beautiful Bill Act, meaning Bitcoin transactions continue to be subject to the current complex tax regime, where every transaction potentially creates a taxable event requiring tracking of basis and gain/loss calculations. This maintains the significant compliance burden for individuals who use Bitcoin for routine transactions or as a store of value.
