So I've DCA'ed into crypto over the last couple years. Everything transferred through my bank to exchanges then to my cold wallet. I don't have much compared to a lot of others, but to me it's a lot of my savings (working stiff).
I see the bank bailouts, the narrative of wealth taxing even if you don't sell your stocks, etc, etc. With all my crypto being above board and governments seeming to overreach more and more I'm getting a bit worried that if/when Bitcoin skyrockets and the fiat system deflates that the government is going to track/tax/seize/etc assets and/or use crypto holders as scape-goats.
Current estimates that I read is <1% of the population owns crypto. Seems like an easy scape-goat the government can blame that the masses will believe. Using the narrative of "Punish the crypto 1% for wrecking the fiat system" that everyone here knows is BS.
I know in the cold wallet they technically shouldn't be able to touch anything, but all the transfers happened through the banking system to registered exchanges and can be tracked. Plus I do show my crypto on my taxes I file.....
Not sure how I'd onboard money without it being tracked, but I also don't want the wrath of the tax department because "hid" crypto. I really am at a loss with what direction to go in... other then to just keep DCA'ing into bitcoin.
Thanks
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