Do you want to use your investments in cryptocurrency to generate income more actively without having to trade it away? After all, most of us are in this for the long-term HODL – we don’t want to end up like “Bitcoin Pizza Guy” Laszlo Hanyecz, who bought two pizzas from Papa John’s for 10,000 Bitcoin (BTC) back on May 22, 2010. No, don’t even do the arithmetic, it hurts - though he did say they were very good pizzas.
Suffice to say, we’re betting on the great future we anticipate for Bitcoin and other cryptocurrencies, to increase in value over time. But what if we need to release some of the buying power we have invested, to use in the immediate term? Even to reinvest in crypto somehow, such as to back a token sale or purchase mining equipment? Not only do you forfeit future gains when you sell your crypto, you pay exchange fees, bank charges, and in many jurisdictions you also create a taxable event – none of which outcomes are desirable.
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