2D·

The most important Bitcoin news of the year—and yet far too few people are talking about it

Imagine you’ve been investing for years in accordance with current law. You hold onto your Bitcoin for more than 12 months, plan for the long term, and build wealth.

Now, this very rule is under scrutiny.

The Bundestag petition to maintain the one-year holding period for Bitcoin and other cryptocurrencies has reached the required quorum. The issue will now be taken up by the Bundestag’s Petitions Committee. (Epetitionen⁠)

Whether you own Bitcoin or not—this is about something more fundamental:

How reliable are the rules of the game for long-term investors?

For me, Bitcoin isn’t a lottery ticket.

I buy regularly, think in terms of decades, and consciously accept the volatility.

If the government changes the rules retroactively, it doesn’t just affect Bitcoin. It affects confidence in Germany as an investment destination as a whole.

You can love Bitcoin.

You can hate Bitcoin.

But legal certainty shouldn’t be up for debate.

I’d like to hear your opinion:

Should the one-year holding period remain in place, or should crypto gains always be taxed in the future, regardless of the holding period?

I’m looking forward to hearing your arguments. Please keep it objective—the issue at hand is more important than any price fluctuation.

#Bitcoin
#BTC
#Krypto
#Investieren
#Steuern
#Finanzbildung
#Langfristig
#Vermögensaufbau
#Blockchain
#deutschland

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14 Comentários

GreenWash@GreenWash

Increase the tax-exempt allowance to up to €50,000 per year; tax any amount above that at the personal tax rate; and then include precious metals and cryptocurrency as well.

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Marcie@Marcie

@GreenWash 50k will surely remain a dream, but in principle I agree with you. The flat-rate withholding tax has to go—it can't be right that people who make millions on the stock market pay less in taxes than those who work hard for their money.

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GreenWash@GreenWash

@Marcie I completely agree with you. 🙌

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Mojito@Mojito

14H

@GreenWash Why a personal tax rate? Just no!

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Mojito@Mojito

14H

@Marcie However, a distinction must be made between dividends and realized capital gains

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KoenigsRasse@KoenigsRasse

That's exactly the point. Income from employment is sometimes taxed at a significantly higher rate than investment income. If we want to make the tax system fairer, we need to look at the system as a whole—not just individual types of income.

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Chris@Psychedelic_Sunflower

They can change the rules, of course, but the old rules should still apply to existing assets.

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PresidentDonkey@DonkeyInvestor

I think all the fuss about it is overblown. Sure, it would be awesome for me if everything stayed the way it is. But I can also understand why they'd want to change the rules.

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Seventrader@7Trader

Just be glad you got to enjoy it long enough. Taxes always come into play eventually, so why should crypto be a permanent exception....

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Kai@Dividenden-Sammler

It was the same with stocks when the holding period was eliminated. Sure, for existing holdings there is/was a tax exemption of 100k on old gains, but that was just a drop in the bucket.

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Artiskon@Artiskon

Maybe we’ll get lucky and the issue won’t even make it through the Bundestag because the whole place will fall apart before that happens.

But of course it’s frustrating that they’re changing a few rules just because they smell big money—which certainly won’t materialize, or will be largely swallowed up by the necessary bureaucratic apparatus.
It would then have to be applied just as consistently to precious metals, art, and the like.

In the end, it’s just another move by a certain political faction to make themselves unpopular and rally the uninformed masses around them, all while alienating people who think and act for themselves.

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Marcie@Marcie

@Artiskon Dann macht es die nächste Regierung, Geld brauchen doch alle. (Bei den ganzen Wahlgeschenken)

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Ingo M.@savvy_investor_2852

This happened once before with real estate in the early 1990s. At that time, the tax exemption on profits from real estate was extended from a 2-year holding period to 10 years. Everyone assumed that anyone who had already held real estate for 2 years at that point was in the clear. Protection of legitimate expectations. But that was far from the case. For example, if you wanted to sell five years after purchase, the profit was taxable again, even though you could have sold tax-free a year earlier (before the new law took effect).

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SomeRandomGuy@SomeRandomGuy

17H

Even if it does happen, there’s no such thing as “in hindsight.” Sell before a new law goes into effect—problem solved.

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