Does Bitcoin's Fungibility Mean Paying More Taxes? - a podcast by Naomi Brockwell

All currencies work as if the tokens of money in circulation are interchangeable with one another. This fungibility means a dollar is always worth another dollar. Bitcoin is no different.

However, money can also act like a unique and discrete asset. A coin’s rarity, age, or its easiness to spend can gain or lose it additional value.

These opposing sides come into conflict when capital gains tax is applied to a sale of a coin and how a seller must pay a percent of the profits to the government.

In this video, I explain how if tax laws assess bitcoin as fungible it could mean paying higher taxes than if it’s a commodity.




If you liked this, please subscribe to my YouTube Channel!
YouTube.com/NaomiBrockwellTV

If you would like to support my podcast on Patreon, please visit:
Patreon.com/NaomiBrockwell

For any links mentioned in this podcast, please visit NaomiBrockwell.tv

Further episodes of NBTV: Your Money, Your Data, Your Life

Further podcasts by Naomi Brockwell

Website of Naomi Brockwell