So it's been a few weeks now since Facebook announced their cryptocurrency, Libra. Over that time, I have come across a number of articles, opinions and other diatribes trying to make sense of what it all means for us today, as well as for tomorrow. One of the triggers...
A loss in value, say Bitcoin going from $20,000 - $8,000 between two purchases, would be considered a loss that could be tax deductible as an investment or for a business, but have zero tax deductibility as an individual.