Jeremy Garcia
@jerimican5445
Civil/Agricultural Engineer. Opinions are my own and are NOT financial advice.
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February 2015
2K ํ๋ก์ ์ค 5.1K ํฌ
I am following the example of this dad๐
Dad buys $100K of Bitcoin. Years later, itโs worth $5M.
Dad doesnโt sell because selling means realizing $4.9M in gains.
Instead, Dad borrows against the Bitcoin. Loans generally arenโt taxable income.
Dad gets liquidity without selling the asset.
Dad dies still owning the Bitcoin.
His kids inherit it with a stepped-up cost basis under current U.S. tax law.
The original $4.9M capital gain? Potentially gone for income-tax purposes.
Buy. Borrow. Die.
The wealthy have used this strategy with real estate and stocks for generations.
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