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You Can’t Spell Crypto Without “Cry”

January 15, 2025 by Bill Bourbonnais

On January 3, 2009, an unknown figure calling himself Satoshi Nakamoto “mined” the first Bitcoin and launched a modern-day Gold Rush. Fifteen years later, there’s still no significant use case for cryptocurrency; wild price swings have failed to establish it as any sort of store of value, and a rogues’ gallery of actual rogues has hijacked, rug-pulled, swindled, and scammed millions of hapless “investors” across the globe. Most famously, crypto whiz kid Sam Bankman-Fried is arbitraging cans of tinned mackerel in the same prison where Epstein didn’t kill himself, while he appeals his conviction on federal fraud charges.

Filed Under: taxes Tagged With: blockchain, crypto, cryptocurrency, IRS, tax, tax savings, tax strategy, taxpolicy

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