It’s exactly the same with stocks; normally, they cannot be exchanged for others without tax consequences, though there are exceptions…
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Buying stocks/funds is not, after all, counted as income, unlike buying cryptocurrencies. It shouldn’t matter whether I buy them with euros, dollars, dollar cryptos, or Ethereum.
It’s not buying that’s taxed here, but selling. When you buy Ethereum with Bitcoin, you are simultaneously selling Bitcoin for Ethereum. The appreciation of currencies is taxed in exactly the same way if you buy Evolution with kronor.
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Now, one almost inevitably incurs a capital loss instead if buying some crypto with Tethers that have been held for a longer time, as the USD exchange rate has fallen so much against the euro.
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In the same way, when buying Ethereum with Euros, you are selling Euros for Ethereum. This is not taxed.
Additionally, it would be better if crypto taxation were comparable to a share savings account, where taxation only occurs when profits are withdrawn. With the current system, you have to pay taxes, even if you haven’t received a single euro into your account.
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Have Finnish crypto brokers (Coinmotion, Northcrypto, KvarnX) insured the cryptocurrencies they manage, e.g., against hacking?
So, as a user of these services, do I bear the counterparty risk that my cryptocurrencies disappear into cyberspace due to the service provider’s weak cybersecurity?
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When selling euros, no change in value relative to the euro could, of course, have occurred, so there is nothing taxable either.
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The sale or exchange of crypto is a realization of value, which incurs a tax consequence or, alternatively, a right to deduct losses. These should be understood logically, and not interpreted emotionally, such as ‘no profits have arisen until they are in euros’. You can also buy products with cryptocurrencies, and profits don’t need to be converted into euros to be considered profits.
Indeed, crypto tax schemes are complicated, but at a basic level, they are logical and simple. It’s more about the mess of cryptocurrency transfer and other costs, which cannot be reasonably simplified for a tax return.
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The price of the largest cryptocurrency, Bitcoin, is in an interesting situation.
In recent days, Bitcoin’s price seems to have gained momentum from both news that made markets nervous (rumors of the US Federal Reserve chairman’s dismissal) and news that encouraged markets (hints of de-escalation in the trade war).
Driven by this news, the price has quickly risen to the threshold of $95,000. Interestingly, this is precisely the same level to which the price suddenly jumped at the beginning of March. At that time, the catalyst for the price jump was the news of the establishment of a US strategic Bitcoin reserve.
Back then, the sudden price spike quickly turned into a decline, which ended in about a week at a new, lower bottom.
It will be quite interesting to see if this rally has enough momentum to rise more sustainably above $95,000 this time.
Happy Wednesday!
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Solana is much more than a meme casino. Here’s one real-world implementation that many probably don’t even know about. Telecom giant AT&T will henceforth utilize the decentralized network of Helium, which operates on the Solana platform.
Helium is thus a network of decentralized hotspots, run by users who receive Helium tokens as rewards.
https://blog.helium.com/helium-network-brings-wi-fi-connectivity-to-att-a8fa5b1da1e9
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The price of the largest cryptocurrency, Bitcoin, rose sharply last week, reaching a high of approximately $96,000.
What makes this rise interesting is that, compared to the peak of around $89,000 at the end of March, the price thus formed a new “higher high”. This opens up the possibility of interpreting that Bitcoin’s price decline, which began in January, might have already come to an end.
It is also interesting that with last week’s price increase, Bitcoin’s price is now only about 15 percent away from its all-time price record. Bitcoin has often made price increases of this magnitude in a few days.
The outlook for the crypto market has thus changed quite a bit in a couple of weeks. The big question for the coming weeks is whether we are already in a new sustainable uptrend, or if this is just a “bear market rally”.
Happy Monday!
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According to Bloomberg, Ripple has made an acquisition offer for stablecoin operator Circle, worth approximately $4-5 billion. Circle has reportedly rejected the offer. Quite a bold move from Ripple, indeed.
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The market capitalization of cryptocurrencies has today again broken the $3 trillion mark, meaning we are at about 2021 highs. At its peak, the market capitalization of cryptocurrencies rose in mid-December (2024) to slightly over $3.7 trillion.
Although there has been a months-long downturn, in the big picture, the market is in a very good situation and has grown almost 4x during this bull market (since January 2023).
Nevertheless, it is indeed a very exceptional bull market. In about 2.5 years, we have seen two ~2-month long periods when there has been a proper retail frenzy in the market. I still believe that we will see one more bigger speculative phase during 2025 before it’s time to correct again in the style of 2022.
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I think the same way. However, if Bitcoin repeats the pattern of 2021, there might be one more fairly large drop before the actual cycle peak. From July to September 2021, the price rose from approximately $29,000 to $53,000 and then dropped in a couple of weeks to just under $40,000, from which it only then started its final ascent in that cycle, reaching around $69,000 in November.
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The stock market has seen a sharp rise over the past week. The S&P 500 index has risen for nine consecutive days, which is the longest continuous price increase in over twenty years.
Such a prolonged rally makes at least some kind of stock market correction seem likely in the near future, even though there are no actual signs of its beginning yet.
Nor are there any signs of a downward trend in the price of the largest cryptocurrency, Bitcoin.
However, Bitcoin’s price increase has clearly slowed down, which is reflected in the Relative Strength Index turning downwards. Often (though not always), such a pattern is observed before a price rally turns into a decline.
If the stock market and/or Bitcoin’s price start to decline, it’s worth paying attention to how far the decline continues, and above all, whether the lows seen in April are maintained, i.e., whether a so-called “higher low” would form. A “higher low” occurring at the beginning of a new uptrend has often been among the best buying opportunities in terms of risk/reward ratio.
Happy Monday!
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Well, this is great news, stocks will be tokenized into the Solana ecosystem, and publicly listed stocks and other securities will be traded on the Solana blockchain.
For now, this is only being explored, but this is the trend and, on the other hand, smart; funds from the cryptocurrency market would move into the stock market. I believe this is the future.
“Opening Bell, announced today by Superstate, aims to support SEC-registered public equities issued and traded directly on blockchain networks. The platform is designed to extend investor access, enable real-time settlement, and create interoperability with decentralized finance protocols. SOL Strategies is seeking to position itself as the first public issuer to explore this regulated pathway.”
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SOL Strategies Solana purchases and more to come, more can be found here https://solstrategies.io/ and I must say it’s interesting 
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Trump’s own crypto investments and related conflicts of interest threaten his crypto legislation.
Below is a story about how the GENIUS Act reportedly failed in the Senate partly because Trump benefits from his own coins.
Several Democrats demand stricter regulation and oppose Trump’s actions, which, according to Democrats, endanger transparency and national security.
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The crypto market has moved rapidly upwards in recent weeks.
The price of the largest cryptocurrency, Bitcoin, has already risen by about 25 percent in the last 30 days.
Bitcoin’s dollar price is now only about five percent away from the all-time high seen in January.
From the perspective of investment markets, some very interesting news was also just received, as a significant portion of the import tariffs between the United States and China were put on hold for 90 days.
The interesting question for the coming week is to what extent the current easing in the trade war will restore market risk appetite, and how this will be reflected in the cryptocurrency market, which is located at the higher-risk end of investment assets.
Happy Monday!
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Aren’t Democrats generally against cryptocurrencies anyway? The Biden administration more or less tried to ban them, and that was one reason for Trump’s victory, as all the crypto people rallied behind him.
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