>100k normies surveyed

Try buying a house with each.

Once the economy deleverages you will wish you had all of your money in hard commodities. If trillions of wealth evaporates suddenly, holding onto crypto is going to be as useful as holding literal nothing. Crpyto will be on a firesale with people owning PMs enjoying the greatest buyers market of all time.

You're assuming this is pre-tax income.

>are we unironically still early
no you fucking retard youre 4 years too late 10% would rather have it in crypto because 90% of people realized its a fuckin scam if youre still here its because youre
1. a brainlet
2. a gambling addict thats too much of a neet to visit a proper casino

>surely this has to be a mouth breather IQ test? Why the fuck would you choose crypto over USD?
NGMI

are you retarded. i can buy crypto with $1m in my bank no problem. if i cashout $1m crypto to my bank, either the bank or the IRS will be asking questions. even if i've got the answers it's a hassle

You would pay the same amount of taxes on both if you we're given the value of $1m. Crypto would only be taxed more if it went up in value, and even then you would have more than the usd option after taxes.

>2. a gambling addict thats too much of a neet to visit a proper casino
this is unironically a big part of what's keeping crypto afloat, kek

>99.97% of people trade crypto to "make it" and get rich in USD
>b-b-b-but crypto!!!!!!!!!!!!!!!!!!!

holy shit, just acknowledge it's a fucking ponzi scheme to get you rich in USD. The house, cars, and lifestyle you want are all in USD.

You're the one who failed the test, Dumbass

I'm not assuming anything. I am saying that all situations would be the same, i.e. either all post-tax or pre-tax. To say "not crypto cuz you would pay tax on USD conversion" but not worry about tax on the other situations is just wrong.

kek. And then they buy it for 400k

Retard look at the poll. The million already in the bank. No one said its cash profit nigga.
But crypto isnt in the bank. For it to be in the bank u gotta pay 30% u fuckin faggot

Do you have to keep it in that form or something? In either case, I don’t see why you wouldn’t take it in cash.

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Further proof that normies have been conditioned to think having any amount of wealth greater than a couple hundred bucks is something you should squirrel away under your mattress.
>Ohhh boy I must've gotten away with something to have such a bounty!
>better stuff it under my mattress before people figure out I'm actually rich

>are you retarded
>proceeds to say something complete retarded
Dipshit I'm in my 30s and worked as an accountant when I was younger. What the fuck don't you understand here? Either you make 1m in cash income, 1 mil in gold profit income, or 1 mil in crypto income. Either way you've already paid tax on it or you are going to pay tax on it retard.
I don't even fucking understand what your argument is. Are you saying you were too stupid to keep records of your trades so you can't prove tax liability? How is that everyone else's fault?

maybe you can try not selling the gold at a store designed to rip you off

what can I do with 1m in crypto other than buy drugs on the internet????

Objectively speaking, why the FUCK would I want 1m in the most volatile risk asset since tulips in the 1600s? The only people who selected crypto are retards who don't actually manage money. e.g. 15-19 year old losers who work at mcdonalds. The USD is the most sought after currency in the world, is protected by the strongest military civilization has ever seen, and can buy you literally anything you want.

WHAT benefit does crypto have over it??? Volatility??

why would you assume you need to pay tax on any of these hypothetical amounts? lol

>bank account = cash
This is what my economy teacher taught me in high school

>The million already in the bank
Yes...You can make income and pay taxes on it come year end you fucking midwit. Holy fucking shit Any Forums is now just filled with faggot fucking zoomers who migrated from Any Forums isn't it?
If you don't know anything about taxes, here's a hint: Shut the fuck up you retard

He's the one that said pawn shop

But you can put it into defi and rake in 100k/yr for no effort.

1/10 go back.

user's right, you're assuming pre-tax, the people you're arguing with are assuming post-tax. That's why you guys are arguing, you're talking about two different scenarios.