Investing your Bitcoin is rather a difficult question. For now, you are a happy owner of large amount of crypto assets. Just congratulations! And…what to do next?
If you are not a USA citizen with their IRS restrictions, you can sit down and relax. Maybe you also can buy few superyachts or jewelry. But this is not really about investment.
Investment — is putting your money into something that can make a big change in your life. And this is about Citizenship-by-Investment, which gives you global mobility to 150+ countries, a favorable tax regime (a potshot at the USA taxes), and much more!
So…where to invest bitcoins that produces interests?
Yes, you can take your highly-valuable Bitcoins and make them a tangible asset. Why not? The price of cryptocurrencies is prone to fluctuations, but the price of your riverside villa is unlikely to change so much.
It is obvious that using cryptocurrency in this way has both its advantages and drawbacks. As an example, one can note that the list of benefits includes a potential discount and the very fact that real estate is a secure asset. Besides, bitcoin investing can speed up the buying process.
On the contrary, there are some disadvantages, among them may be mentioned the following:
Citizenship-by-Investment is one of the great options for investing in your future. This is just the unique opportunity to obtain a country’s citizenship through investments in specific industries approved by the government. And this is really cool!
You know, countries are not made equal, especially for bitcoin enthusiasts. Some try to grab your hard-earned money and get a huge piece of them. Others prohibit crypto activity at all (the ill-fated case of China).
The countries are not made equal, but you can choose the best for your living, business, education, etc.!
Just pay attention to crypto-friendly countries, and you will see that your life can be different. Your life can be better. For example, El Salvador allows cryptocurrency as a legal tender. This country is also planning to make a whole city for Bitcoin owners! Sounds ambitious. What is more, things do not end here! There are many countries where Bitcoin is legal and which accept Bitcoin or any other cryptocurrency.
Investing in real estate is one of the easiest ways to get second citizenship or a residence permit!
This important transition (obtaining second citizenship) can also be done with crypto! Investing in Citizenship-by-Investment is associated with different routes (everything for your convenience) and multiple benefits.
As a rule of thumb, it has traditionally not been possible to pay for citizenship with bitcoin or any other cryptocurrency directly. However, it is possible to convert cryptocurrency into the fiat currency of a particular country. After this, the money can be transferred offshore for any Citizenship-by-Investment process.
One of the options implies investing in real estate, which is a profitable one, as we have mentioned before. You can rent your apartment, resell it after a certain period, and yet you are a citizen of a new beautiful country!
Another alternative is donating to a government fund (the case of Vanuatu and El Salvador). All fees for the CBI process can be made by bitcoin to an authorized agent of the program, which pays the government in fiat currency, making it convenient for international bitcoin holders who want to buy citizenship or a second passport.
Citizenship-by-Investment provides you with multiple benefits. This will always be a good investment, as this is your plan B, your opportunity. Such include:
Some additional benefits specifically for bitcoin owners are:
Only imagine: Vkontakte social network founder Pavel Durov and an early investor in bitcoin Roger Ver acquired citizenship of St. Kitts and Nevis. Looks solid, right? Find out how to become a citizen of this crypto-friendly country!
The first item was pizza. However, nowadays, there are much more ways you can spend bitcoin both online and offline. We hope this list will highlight the wide range of options available. So let’s get started!
Cars.Tesla has become the most famous company that joins others that enable make a purchase with the help of your bitcoin.
Technology and E-commerce products. Microsoft is one of the most software giants here. However, one should not also forget about Newegg and AT&T. Microsoft accept bitcoin only at its online store
Jewelry and Expensive Watches. The owners of bitcoins or other cryptocurrencies can acquire Rolex, Patek Philippe, and other high-end watches. Some watchmakers even produce watches that contain a QR code from the bitcoin genesis block. They often are encrusted with diamonds and gold. Furthermore, some jewelry companies have partnered with transactors to facilitate bitcoin exchange for financial operations.
New Media. It is important to note that all cryptocurrency media outlets, such as the Chicago Sun-Times, Time, and Bloomberg started to accept bitcoin for subscriptions or other services.
Restaurants. Some retailing and restaurant giants have opened their companies up to accept cryptocurrency. This list includes Starbucks, Baskin-Robbins, Crate + Barrel, GameStop, Home Depot, Whole Foods.
Tuition fees. The University of Pennsylvania’s Wharton School recently started accepting bitcoins for its online executive education program. The same goes for Treehouse, an an interactive education program that accept Bitcoin for a variety of courses. One should not also forget about Curtin University, the King’s College, and the European School of Management and Technology (ESMT). Besides, the University of Nicosia, a private school in Cyprus, is the first university with a Master’s in Blockchain and Digital Currency program. It is evident that this educational institution appreciates bitcoin value, and you can pay your tuition fees in Bitcoin here.
Insurance. While life insurance is still unavailable for crypto lovers, many insurance providers started accept bitcoin for premium payments.
Airline tickets. Apps in the Android stores and Apple are also places where you can spend your bitcoin. Here it is possible to pay for airline tickets by converting crypto to fiat money.
Yachts. People can convert their crypto to obtain desired luxury yachts in most circumstances.
| AT&T (T) | Twitch | ProtonMail | Bloomberg | Big Fish Games | Wikimedia Foundatio |
| Dish Network (DISH) | Wikipedia | Vultr | Chicago Sun-Times | Expedia | Wikileaks |
| ProtonMail | ExpressVPN | WordPress | Xbox | Virgin Galactic | |
| Namecheap | NordVPN | Humble Bundle | AirBaltic |
And much more!
To sum up, Bitcoin is becoming widely used in the physical and online world. There could be no question of where can you spend bitcoins for now. Look around! Answers are right in front of you.
Important note: Spending your bitcoins means the tax on capital gains will be applied. It’s important to keep this in mind whenever you sell cryptocurrency. There is no gainsaying that you can’t hold bitcoin forever. So the question of taxes as well as the efficient tax-reduction strategies for bitcoin enthusiasts will be discussed below.
Interested in more detailed information?
The friendliness of a given country toward cryptocurrencies is measured by two things in my mind:
It is no secret that countries decide to introduce tighter restrictions on cryptocurrencies. Basically, this refers to a capital gains tax.
For example, the USA has equated cryptocurrency with capital assets (stocks, bonds, etc.). The country levies capital gains tax on any transactions with Bitcoin, which bring profit, and this is cryptocurrency trading and the purchase/sale of goods or services. The tax rate depends on whether it is a short-term or a long-term profit. If there’s a profit on assets held for less than one year, the person should pay from 10-37% taxes.
Furthemore, a new Russian law ‘On digital financial assets, digital currency and amendments to certain laws of the Russian Federation,’ defines digital currency as a “digital code used as a means of payment and as a saving tool (an investment). However Russian residents are not allowed to receive digital currencies as payment for goods, works or services.” But that is not the end of the story.
Japan taxes bitcoin transactions for up to 45%, and the UK takes about 20% of your bitcoin cash (gains from selling crypto).
This list of countries may seem endless.
Considering all of the above, investing in minimizing crypto taxes doesn’t seem like such a bad thing.
Apart from the legal status of selling bitcoin and bitcoin transactions in some countries, there are also states which do not have capital gains tax (and many other taxes). This is a perfectly legitimate option if you have obtained citizenship through CBI processes. For example, Grenada does not tax citizens on capital gains.
So investing in the citizenship of a country with a favorable tax regime is a pretty reasonable option.
This guide will walk you through things to keep in mind, highlighting the most important advantages and differences of each country!
Making profits from crypto is not as easy as it used to be. While many people just give up on the way, others fall into some sort of trap with the rising cases of crypto scams. Here are 3 easiest ways to make money with digital coins.
The first one is simple mining.
This is a preferable option for people who know their tech and are curious about how cryptocurrency originates. It is important that mining is not a cheap process. While you should invest in your PC, mining also consumes a massive amount of energy.
The second way is traditional buying and holding.
And here is the tricky part. The art of making money with cryptocurrencies sometimes involves the ability to store bitcoin (maybe for a long time). So you might think something like: “Hmm…Holding investments? What for? I want to spend bitcoin! Not holding them for an unknown period.” And yes, you have the right to do so. However, what if the price of your cryptocurrency rises ten times after your sale?
To avoid this situation, bitcoin investors should determine the most stable and volatile assets that can shift in value rapidly. For example, Bitcoin and Ethereum are known for regular price fluctuations. Such coins rise and fall in value daily. However, there is a steady and continuous upward trend of growth of these digital coins. Therefore, many people believe investing in these cryptocurrencies will be safe. You can also invest in less-known cryptocurrencies or make a wallet from a mix of different coins.
Just remember to analyze each asset you invest in before committing to holding it.
The third option is stake cryptos.
This method offers a double earning potential through dividend payout from some coins or price appreciation. Staking means holding your digital currency in a live wallet. This, in turn, allows you to earn additional cash and secure your crypto network.
There are many great ways to invest Bitcoin. Some of them include CBI options or real estate.
The best strategy is investing in your future, a better lifestyle, and new opportunities. This is about Citizenship-by-Investment.
There are numerous ways to spend Bitcoin. The possibilities are endless, beginning from an ordinary pizza and ending with Virgin Galactic’s tickets to space. In addition, many famous service providers now accept cryptocurrency as a payment method.
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