Early Bitcoin Investor Sentenced to Prison for Tax Evasion on $3.7 Million BTC Sale

An Austin, Texas man, Frank Richard Ahlgren III, has been sentenced to two years in prison for filing false tax returns that underreported the capital gains from selling $3.7 million worth of bitcoin, the United States Department of Justice (DOJ) announced today. According to the DOJ, Ahlgren was an early Bitcoin investor who began purchasing bitcoin … Read more

Governments And Large Institutions Can Buy All The Bitcoin They Want (Except Yours)

Follow Aaron on Nostr or X. An X post by Anita Posch warning about the risks of governments and institutions buying up large amounts of bitcoin went viral this week— even if just because of the trollish community note that appeared underneath it. I think the main concern here is that these big holders could influence the Bitcoin … Read more

Texas State Rep Files For Strategic Bitcoin Reserve

Follow Nikolaus On 𝕏 Here For Daily Posts Today, Texas State Representative Giovanni Capriglione officially filed for a Strategic Bitcoin Reserve bill for the state of Texas during a 𝕏 spaces with Dennis Porter of Satoshi Action Fund, a Bitcoin advocacy organization working with politicians on pro-Bitcoin legislation. To summarize, the bill would effectively: See … Read more

Why It’s Not Too Late to Invest in Bitcoin

For years, Bitcoin skeptics have watched from the sidelines, waiting for a moment to join the ride, only to convince themselves that they’ve already missed the boat. However, the reality tells a different story. Not only is it not too late, but Bitcoin continues to prove itself as a superior investment option compared to traditional … Read more

Why and How to Backup Your Bitcoin

If you’ve bought bitcoin, chances are that you want to self-custody. Without self-custody, you don’t really have bitcoin, so why wouldn’t you? Using a hardware device to set up an offline bitcoin wallet is generally recommended. But backing up your wallet is actually much more important than having a hardware wallet. Yet, bitcoin backups are … Read more

Ray Dalio Prefers Bitcoin Over Bonds

Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, said he prefers investing in “hard money” like bitcoin and gold over debt assets, given rising global indebtedness. In a speech at the Abu Dhabi Finance Week conference, the veteran investor referred to “unprecedented levels” of debt seen in all major countries, including the … Read more

Eric Trump States Bitcoin Is the Ultimate Hedge for Real Estate Investors

Eric Trump, Executive Vice President of the Trump Organization and son of United States President-elect Donald Trump, recently shared his perspective on Bitcoin during an exclusive backstage interview with Frank Corva, Business-to-Business Correspondent for Bitcoin Magazine, at the Bitcoin MENA 2024 Conference. Trump highlighted Bitcoin’s transformative potential, comparing it to real estate, the cornerstone of … Read more