Michael Saylor EXPLAINS Bitcoin Tax Strategy

Never Pay Taxes Again in Your Life with Bitcoin | Michael Saylor

Michael Saylor, in a 2.5 hour interview with What Bitcoin Did, spoke in length about a variety of topics relating to bitcoin, but really gave clarity on his thoughts on never selling his bitcoin, never paying corporate tax or income tax. He went on to say “this is a strategy everyone should strive for.”

When questioned about the revolution versus the evolution of Bitcoin, Saylor insisted that for those who were against government, against paying taxes and sought out Bitcoin as a sovereign way to get out of the system, he argued that if you stack your bitcoin, find the right bank who will lend off your bitcoin, you in essence and in theory, can still be sovereign in respect to your taxes.

#bitcoin #btc #michaelsaylor
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THIS INTERVIEW WAS DECEMBER 2, 2021
Listen to the full unedited interview here ⬇ [Credits] 🙏
Bitcoin is Digital Energy with Michael Saylor
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🎵BACKGROUND MUSIC licensed through AudioJungle & Epidemic Sound

🎥FOOTAGE licensed through VideoBlocks and Filmpac, except parts about the topic that have been used under fair use.
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FAIR-USE COPYRIGHT DISCLAIMER
Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, commenting, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational, or personal use tips the balance in favor of fair use.

-This video has no negative impact on the original works (It would actually be positive for them)
-This video is also for teaching and inspirational purposes.
-It is not transformative in nature.

[wesleywilliams]

As well this has been going on for months.
And though easy to recognize and stop YouTube continues to massively promote these scam microstrategy videos.

[TJL]

I use to like Peter but now not so much. He’s way to bullheaded and very rude and disrespectful to people who have respect for his opinions about gold.

[SAHtoshiDude]

Rich people already do this with their assets.

[Vbaby]

I kind of understand.... but if you don't ever sell. How are you supposed to enjoy your money lol?

[SlackersIndustry]

unfortunately my bank loans me at 28 percent 😭

[cryptobull]

We sell our Bitcoin to buy more back at a cheaper price. Not everyone has access to hundreds of millions of other people's dollars. So we have to take more risk unfortunately. 🙃

[supersayan]

thats why you have 20% drops this idiots borrowing money against they re bitcoin than being forced to sell when it goes down

[jwetzel]

The 20% overnight dip last night was a bit much to take.

[anontablet]

So how do yiiu repay the loan taken against bitcoin without selling the assar?!

[getActive]

which channel is Raul Paul and which account is Michael sailors

[TaylorRCastle]

What exchange is the wisest to purchase and hold Bitcoin? Coinbase, KuCoin… etc. ?

[MarkB]

It’s all very well loaning against it but it’s way too volatile - for an individual who can’t fall back on just letting a company go bust on a loan, it’s too risky. Say you borrowed 50k against 1 Btc when it was 100k, and it dumped to 40k, you’re liquidated on 1 Btc. So you’d have to loan against a much lower amount or have a much higher collateral.

[walkdontrun]

People moved to Puerto Rico to sell their altcoins tax free and use the money to buy more BTC

[brianfenech]

So you get your Bitcoin / Crypto and use them as collateral to get a loan in like USD. You spend the USD as the loan is not taxable. But you need to pay the loan/interest back so eventually you will need to sell some of your coins to do so, or am I missing someone ?

Well I guess by then BitCoin would have gone up by a huge value + as long as Bitcoin/The Asset is increasing in value, you get more collateral hence they will allow you to borrow more, genius.