Rapid money supply growth impacts Bitcoin. The US M2 money supply grew roughly 40% between 2020 and 2022, highlighting the need for meticulous recordkeeping of Bitcoin cost basis to accurately calculate gains and losses come tax time.
Exit Velocity
ExitVelocityBTC@primal.net
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Bitcoin education for people who want cleaner records, better self-custody habits, and fewer surprises when the fiat receipt shows up. Educational only; not financial, tax, or legal advice.
Ben McKenzie is right about most crypto: the casino, leverage, and fraud are real.
He is wrong that it touches Bitcoin.
"Mainly crime" is under 1% of volume. 84% of that is stablecoins.
"A Ponzi" needs an operator, yield, and someone paying you.
The casino is not the asset.
With 94% of 21M Bitcoin mined, scarcity is a present reality. The supply shock intensifies as 19.8M BTC circulate today, not in 2140. Own your understanding.
Bitcoin Tax Calculator: 
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Free Bitcoin tax calculator. FIFO/LIFO/HIFO.
Selling crypto? IRS Form 8949 and Schedule D apply. This means careful tracking of every disposition. Your cost basis matters for capital gains.
Own your financial clarity. True Tax Bill Calculator: 
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See what you actually paid in taxes last year — federal, state, FICA, sales, property, indirect. Then see it in Bitcoin terms. Free, no signup.
The 21 million cap is not a vibe.
It is the rule that makes every other number legible: salary, rent, groceries, savings, time.
Fiat hides the denominator. Bitcoin makes you stare at it.
Bitcoin tax panic is usually a records problem.
Form 8949 is downstream. Schedule D is downstream. The source of truth is boring: buys, sells, fees, transfers, dates.
If your records are clean before tax season, software becomes a tool instead of a rescue mission.
21 million BTC is the absolute, unchanging cap. This scarcity isn't a theory; it's enforced by the protocol itself. No central bank can ever inflate this supply. Your share of Bitcoin's fixed pie remains protected. Own verifiable digital scarcity.
Selling Bitcoin means tracking capital gains, per IRS Notice 2014-21. Since it's property, each disposition is a taxable event. Understand your cost basis. Clarity saves future headaches.
M2 money supply grew 40% (2020-2022). Your purchasing power did not.
This rapid expansion directly devalues each existing dollar. Holding assets outside this system, like Bitcoin, protects wealth from dilution.
Typically 24 words: securing Bitcoin with a strong seed phrase is crucial, as 20% of users have lost access to their wallets.