precious roar
Active Member
Trump and Co backing out of buying btc for reserves. But prior to that selling their own crypto interests.
BTC targets and taking profit?
- Thread starter mmm....shiney!
- Start date
betterinvestmentthanshare
Well-Known Member
Over driven zero interest rates and Government measures during Covid brang on the last ride, what event do you think will trigger the next ride?
What do you think is the likelihood that the US government will not add to it's BTC reserve?
What do you think is the likelihood that the US government will sell its BTC holdings?
precious roar
Active Member
^^ Don't know, hence the hedging. Probably has a bit to do with me not being a "true believer", yet.
Trump not wanting the economy to dip, raising debt ceiling, expanding money supply.....
mybullion.com.au
Well-Known Member
@mmm....shiney! and @precious roar , have either of you starting acting on the plan to trim your positions in btc in favour of gold? A lot of people are expecting a BTC breakout to new ATHs, but it seems to be stuck range bound for now. Personally my crypto exposure is minimal, cant get a read on it 
precious roar
Active Member
Can't get a read on anything at the moment, tbph. That's why I'm heading towards taking some profits and hanging back. Gold about the only thing that doesn't make me nervous at the moment so that will get some extra love.
No. It's an option I will explore but it's still a fair way down the track for me at the moment if I do it at all.
I agree you'd be crazy to sell BTC, but I don't see the difference in one's ability to sell gradually BTC held in cold storage versus the ETF.
Do you know of any lenders allowing IBTC as security on a loan? I have not been able to find an LVR for it on any of the major providers. That's the only advantage I would see in moving BTC into Monochrome.
Conversely, there are products available that provide lending against BTC held in collaborative custody. A warning though that it pays to read the fine print to avoid inadvertently triggering CGT.
no difference in selling cold storage vs etf, only advantage would be if etf is required to be held in smsf, easier for accounting.
you can get margin and investment loans against etfs yes, the type of etf should not matter.
yes i have seen these products, but conversely you can still have full custody of wbtc and get a bigger loan against your holdings than these centralised and in the end not collaborative custody.
you can get margin and investment loans against etfs yes, the type of etf should not matter.
yes i have seen these products, but conversely you can still have full custody of wbtc and get a bigger loan against your holdings than these centralised and in the end not collaborative custody.
An SMSF can self custody no problem. I'd rather save the annual ETF fees and use that to pay for my accounting.
The type of ETF absolutely does matter. Lenders offer different LVRs for different assets depending on perceived volatility and risk. Some will be a 0% LVR. I have not found an Australia margin loan product yet allows Monochrome ETF as collateral. Do you?
Be careful with wBTC, as the current (non-legally binding and subject to change) ATO guidance is that wrapping and unwrapping are CGT events.
you can pick an btc etf without fees, i think betashares is fee free, just brokerage with no annual fee.
yeah for margin loans they do have a list of approved etfs, i have seen fidelity investments offer btc etf margin loans but you will probably struggle with big 4.
my point here is that defi is way ahead of centralised entities in what is possible for self custody borrowing against digital assets. its a complex area for tax law that is always changing.
yeah for margin loans they do have a list of approved etfs, i have seen fidelity investments offer btc etf margin loans but you will probably struggle with big 4.
my point here is that defi is way ahead of centralised entities in what is possible for self custody borrowing against digital assets. its a complex area for tax law that is always changing.
If you vote for socialism don't be surprised if you get socialism.
From The Australian: 'The new super tax will hit deceased estates. In a bizarre twist, the mechanics of the tax threaten to leave those who inherit super with a double sting where unused tax credits lapse but capital gains tax obligations remain in place.
Under the government’s plan, profits, based on actual and unrealised (or paper) gains will be taxed, but losses will not be compensated. Rather, the losses can only be carried forward against future liabilities. If the investor holding the tax credits in their super fund dies, the unused tax credits are left dormant. There will be no future profits in their super fund to set the credits against.
In other words, the accumulated losses become valueless … that’s the first part of the double sting. The second part is that the new super tax – tagged as Division 296 – is a completely new tax and runs independently of other taxes inside or outside super.
Consequently, if the same investor leaves behind capital gains tax bills, they will still have to be paid in full, even if it so happens that the deceased estate is left holding a swag of tax credits relating to the super tax, they will have no relevance to other tax bills.
The new tax is due to effectively commence on July 1 with the first revenue collection commencing at the start of the next tax year on July 1, 2026 and it is to be applied on earnings on amounts in super above $3m.'
From The Australian: 'The new super tax will hit deceased estates. In a bizarre twist, the mechanics of the tax threaten to leave those who inherit super with a double sting where unused tax credits lapse but capital gains tax obligations remain in place.
Under the government’s plan, profits, based on actual and unrealised (or paper) gains will be taxed, but losses will not be compensated. Rather, the losses can only be carried forward against future liabilities. If the investor holding the tax credits in their super fund dies, the unused tax credits are left dormant. There will be no future profits in their super fund to set the credits against.
In other words, the accumulated losses become valueless … that’s the first part of the double sting. The second part is that the new super tax – tagged as Division 296 – is a completely new tax and runs independently of other taxes inside or outside super.
Consequently, if the same investor leaves behind capital gains tax bills, they will still have to be paid in full, even if it so happens that the deceased estate is left holding a swag of tax credits relating to the super tax, they will have no relevance to other tax bills.
The new tax is due to effectively commence on July 1 with the first revenue collection commencing at the start of the next tax year on July 1, 2026 and it is to be applied on earnings on amounts in super above $3m.'
Polar.bear.Stacker
Well-Known Member
I'm more worried about energy and electricity to be honest. Victoria is a basket case, just watch them have rolling black outs in 5 years. NSW isn't far behind. We really need nuclear power as baseload