Pig butchering scams have cost victims billions globally. The mechanics are usually very similar.
Someone gets introduced to a trading platform by a friend they mysteriously met online. The platform looks and feels legitimate. Early withdrawals actually work. The victim deposits more. Eventually the platform asks for a tax prepayment on a withdrawal that never comes.
Most victims assume the money is gone with no recourse.
Not exactly. IRS Chief Counsel Memorandum 202511015 confirms that pig butchering victims can claim a theft loss deduction under IRC Section 165(c)(2) because the transfer of funds was made with a profit motive, which is the controlling test.
Unfortunately most CPAs never bring this up and victims never knew this exists.
I Started a #Bitcoin mining company last month.
Long term $BTC believer. I wanted more exposure to the asset, more write offs, and depreciation losses to offset my tax bill.
Used a model that shows mining outperforms straight DCA if $BTC hits new ATHs in the next 3 to 4 years.
One month in and it is performing as expected.
The world doesn’t need more tax preparers.
It needs strategic accountants.
Work with a CPA who:
• Designs multi-year tax strategy, not just April filings
• Identifies significant planning opportunities
• Models decisions before you execute them
• Communicates throughout the year, not once at deadline
Strategy is what saves clients money
Actually, Saylor’s $13 million target isn’t about Bitcoin "growing" so much as it's about the dollar dying.
The math for a $273 trillion Bitcoin market cap looks insane because we’re measuring it in 2024 dollars. If the US continues to expand the money supply at its historical average of 7-8% annually, $273 trillion in 2045 would have the purchasing power of roughly $60 trillion today.
Still massive, but we have to look at what's being demonetized:
1. The "Store of Value" Premium: Right now, people use real estate and equities as savings accounts because cash melts. If BTC captures even 20% of the monetary premium currently trapped in the $300 trillion real estate market, you’re halfway to Saylor's target.
2. The Bond Market Collapse: Global debt is over $300 trillion. If the bond market continues to offer negative real yields, that capital has to go somewhere. Bitcoin is the only asset with a fixed supply to catch that waterfall.
3. Gold 2.0: Gold at nearly $5,000 shows people are desperate for hard assets. BTC is currently just a fraction of gold’s market cap. Flipping gold is the first milestone; replacing the global "risk-free" rate is the final boss.
The "delusion" is only true if you believe the global financial system can carry $36 trillion in debt without massive currency debasement. Saylor is just betting that the math of debt eventually forces everyone into the only life raft that can't be printed.
BTC is at $68,945 right now. To hit $13M in 19 years, it needs a 31% CAGR. High bar, but that's the price of hyperbitcoinization.
@TheCryptoLark What else is he supposed to say? He thinks we are heading for a correction or a recession is on the horizon? Of course he is going to project confidence, otherwise we would spread widespread panic across markets
#Bookkeeping is one of the most overlooked aspects of a business. However, maintaining good books and records is the key to begin unlocking major tax savings for business owners.
After losing the 50 week MA, we have to accept the fact that $BTC and the entire crypto market may be heading into a longer-term correction. While we still could get a bounce here and blast off to new ATHs, the base case is we likely tap the 200 week MA in 2026 before flipping bullish
@AltcoinDaily If we are only talking crypto, all $BTC if I had to invest it today. We may be progressing towards a longer-term correction, and if that's the case, I want to be in $BTC since this is the only asset in the space, I'm confident will trade higher in the future