Posted in Cryptocurrency

Bitcoin buyers beware the tax trap Cryptocurrencies like Bitcoin and Ethereum have generated a lot of interest over the past few years, particularly due to the spectacular rise and fall of their market value.  From being worth just $1 back in 2011, the value of one Bitcoin today might be as high as $70,000, but that is no guarantee of its value next week! While the big gains sound like great news for an investor, the flipside to consider is that the ATO will take a slice of that pr...