Bitcoin has established itself as an asset class of its own. It will serve as reliable digital store of value during the turbulences of the foreseeable and unforeseeable future. To own Bitcoin is obviously a solid and sustainable asset protection strategy.
However, the Bitcoin acquisition, sale, storage, usage, but also taxation and mining, have many unknown aspects and options for action and improvements. Birth defects can typically no longer be corrected. A reverse transaction is ruled out for technical reasons. The blockchain does not forgive misunderstandings and errors.
Equally important, the use of centralized and fully regulated crypto exchanges stands obviously in stark contrast not only to Satoshi Nakamoto's digital cash vision, but also to the legitimate interests of investors in this unique cryptocurrency. To avoid such honeypot is a smart approach for the risk aware investor.
To link Bitcoin and Bitcoin transactions with the identity and personal data of coin asset owners and stakeholders limits drastically the fungibility of Bitcoin. Designed as a surveillance coin, Bitcoin technology does not guarantee privacy by default. Missing anonymity features require the user to either avoid KYC procedures or to accept that his identity and transaction history is a public commodity for governments and third parties.
As a result, everything about Bitcoin requires a forward thinking approach and a carefully designed investment strategy. Only a no-KYC Bitcoin is a smart coin. Bitcoin Advisory: Just to own Bitcoin is for the demanding investor not good enough, not only in the case of a dystopian future, but also in the present factual environment. Would you like to know more?
High value Bitcoin transactions and its technical, legal, and tax implications should be fully understood before the first step is made.
PUGNATORIUS offers guidance and transaction support to get the Bitcoin acquisition or sale, storage or usage, tax structuring or mining done successfully, efficiently, and in full compliance with legal and regulatory requirements. These services are accomplished in a highly confidential business environment.
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