Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Alchemie acquires Solana developer Dexterlab for unknown sum

2025-05-19

Ethereum: Why this analysis company expects ETH $ 6K to hit in 2025

2025-05-19

Ethereum – price cannot break through – what does it stop?

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Alchemie acquires Solana developer Dexterlab for unknown sum

    2025-05-19

    Interlink and Blazpay Partner to improve the user experience in Web3 with AI

    2025-05-19

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-19

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate web3 ai-game development

    2025-05-18
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Trump administration to beat bank rules designed to prevent collapse in 2008 style: report

    2025-05-19

    Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

    2025-05-18

    Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

    2025-05-18

    Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

    2025-05-18

    Judge denies joint bid from Ripple and the SEC to end their long -term legal battle to end XRP

    2025-05-17
  • Analysis

    Ethereum – price cannot break through – what does it stop?

    2025-05-19

    Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

    2025-05-19

    Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

    2025-05-19

    XRP – Price is struggling to keep the ground – breakdown or breathing break?

    2025-05-19

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Web 3»How to spend your Bitcoin without ever selling it
Web 3

How to spend your Bitcoin without ever selling it

2024-06-18No Comments1 Min Read
Share
Facebook Twitter LinkedIn Pinterest Email

TL; DR

Full story

This is confusing at first glance.

But dig a little deeper and it starts to make sense…

El Salvador wants to establish a Bitcoin Bank called “the Bank for Private Investments” (or BPI, if you’re mean).

That seems counterintuitive: the whole point of crypto is to move away from centralized banking solutions.

But the problem that Bitcoin (and every other cryptocurrency out there) has is that it exists outside of the current system.

That means if you want to tap into the wealth built in your crypto pockets, you’ll have to sell your BTC for cash, pay capital gains taxes, take what’s left to a bank, and then take out a loan.

And if you’ve ever met a Bitcoiner, you’ll know them hate say goodbye to their Bitcoin.

BPI’s solution is this:

Bank with them and you can take out traditionally recognized cash loans against your Bitcoin holdings.

Allowing wealthy customers to buy other traditional assets (think homes and businesses), without parting with their Bitcoin, and without being hit with capital gains taxes.

And at the same time new wealth is being attracted to the country of El Salvador.

Pretty smart!

Source link

See also  Will There Ever Be Other Crypto Spot ETFs in the US?
Bitcoin Selling spend
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum cools down as Bitcoin Strances: the rotation game of Smart Money Decoding!

2025-05-19

Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

2025-05-19

All the reasons why the price of Bitcoin could be set for an explosive rally

2025-05-19

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

2025-05-18
Add A Comment

Comments are closed.

Top Posts

Trump Crypto moves a hint on Big Shift for the arrival of the new SEC chairman atkins

2025-04-09

Bitcoin, Ethereum ETF Reimagined: Grayscale Completes Reverse Stock Splits

2024-11-22

Moonbirds NFTs go to the moon with PROOF and Space Blue

2023-09-19
Editors Picks

Bitcoin, Ethereum, Solana and Crypto Markets Look Ready to ‘Send’ as the Stars Align, According to Investor Chris Burniske

2024-07-21

Bitcoin: Are Investors Optimistic Despite BTC’s Correction?

2024-03-06

The chairman of the New House Financial Services Committee says clear crypto rules are at the top of his to-do list

2024-12-14

Crypto investment products soar with $2.2 billion inflows – Bull run here?

2024-10-22

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Alchemie acquires Solana developer Dexterlab for unknown sum

Ethereum: Why this analysis company expects ETH $ 6K to hit in 2025

Ethereum – price cannot break through – what does it stop?

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,548.23-0.84%
  • ethereumEthereum(ETH)$2,453.33-4.79%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.34-3.77%
  • binancecoinBNB(BNB)$645.61-1.30%
  • solanaSolana(SOL)$163.32-7.21%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.219871-6.81%
  • cardanoCardano(ADA)$0.73-5.16%
  • tronTRON(TRX)$0.264240-2.99%
  • suiSui(SUI)$3.73-6.18%
  • chainlinkChainlink(LINK)$15.39-5.71%
  • avalanche-2Avalanche(AVAX)$22.00-7.17%
  • stellarStellar(XLM)$0.282214-4.87%
  • hyperliquidHyperliquid(HYPE)$25.69-4.45%
  • shiba-inuShiba Inu(SHIB)$0.000014-6.04%
  • hedera-hashgraphHedera(HBAR)$0.190132-4.95%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-0.84%
  • bitcoin-cashBitcoin Cash(BCH)$385.09-5.33%
  • litecoinLitecoin(LTC)$97.19-4.68%
  • the-open-networkToncoin(TON)$2.95-6.88%
  • polkadotPolkadot(DOT)$4.54-7.32%
  • moneroMonero(XMR)$343.21-0.05%
  • bitget-tokenBitget Token(BGB)$5.14-1.74%
  • pepePepe(PEPE)$0.000013-6.87%
  • daiDai(DAI)$1.000.03%
  • piPi(PI)$0.72-5.29%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$5.83-7.31%
  • bittensorBittensor(TAO)$400.90-8.48%
  • aaveAave(AAVE)$227.00-6.10%
  • nearNEAR Protocol(NEAR)$2.73-6.51%
  • aptosAptos(APT)$5.08-4.00%
  • okbOKB(OKB)$51.99-3.03%
  • ondo-financeOndo(ONDO)$0.91-6.12%
  • kaspaKaspa(KAS)$0.106678-8.30%
  • ethereum-classicEthereum Classic(ETC)$18.08-4.98%
  • internet-computerInternet Computer(ICP)$5.13-5.36%
  • gatechain-tokenGateToken(GT)$21.36-1.85%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.69-5.63%
  • crypto-com-chainCronos(CRO)$0.095021-5.48%
  • mantleMantle(MNT)$0.73-1.84%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231787-4.80%
  • vechainVeChain(VET)$0.027558-5.92%
  • render-tokenRender(RENDER)$4.50-6.75%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • ethenaEthena(ENA)$0.357376-11.23%
  • filecoinFilecoin(FIL)$2.82-5.10%
  • algorandAlgorand(ALGO)$0.217952-5.37%
  • arbitrumArbitrum(ARB)$0.382387-5.44%
  • bitcoinBitcoin(BTC)$104,548.23-0.84%
  • ethereumEthereum(ETH)$2,453.33-4.79%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.34-3.77%
  • binancecoinBNB(BNB)$645.61-1.30%
  • solanaSolana(SOL)$163.32-7.21%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.219871-6.81%
  • cardanoCardano(ADA)$0.73-5.16%
  • tronTRON(TRX)$0.264240-2.99%
  • suiSui(SUI)$3.73-6.18%
  • chainlinkChainlink(LINK)$15.39-5.71%
  • avalanche-2Avalanche(AVAX)$22.00-7.17%
  • stellarStellar(XLM)$0.282214-4.87%
  • hyperliquidHyperliquid(HYPE)$25.69-4.45%
  • shiba-inuShiba Inu(SHIB)$0.000014-6.04%
  • hedera-hashgraphHedera(HBAR)$0.190132-4.95%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-0.84%
  • bitcoin-cashBitcoin Cash(BCH)$385.09-5.33%
  • litecoinLitecoin(LTC)$97.19-4.68%
  • the-open-networkToncoin(TON)$2.95-6.88%
  • polkadotPolkadot(DOT)$4.54-7.32%
  • moneroMonero(XMR)$343.21-0.05%
  • bitget-tokenBitget Token(BGB)$5.14-1.74%
  • pepePepe(PEPE)$0.000013-6.87%
  • daiDai(DAI)$1.000.03%
  • piPi(PI)$0.72-5.29%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$5.83-7.31%
  • bittensorBittensor(TAO)$400.90-8.48%
  • aaveAave(AAVE)$227.00-6.10%
  • nearNEAR Protocol(NEAR)$2.73-6.51%
  • aptosAptos(APT)$5.08-4.00%
  • okbOKB(OKB)$51.99-3.03%
  • ondo-financeOndo(ONDO)$0.91-6.12%
  • kaspaKaspa(KAS)$0.106678-8.30%
  • ethereum-classicEthereum Classic(ETC)$18.08-4.98%
  • internet-computerInternet Computer(ICP)$5.13-5.36%
  • gatechain-tokenGateToken(GT)$21.36-1.85%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.69-5.63%
  • crypto-com-chainCronos(CRO)$0.095021-5.48%
  • mantleMantle(MNT)$0.73-1.84%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231787-4.80%
  • vechainVeChain(VET)$0.027558-5.92%
  • render-tokenRender(RENDER)$4.50-6.75%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • ethenaEthena(ENA)$0.357376-11.23%
  • filecoinFilecoin(FIL)$2.82-5.10%
  • algorandAlgorand(ALGO)$0.217952-5.37%
  • arbitrumArbitrum(ARB)$0.382387-5.44%