Craig Peterson's Tech Talk

The IRS Has Been Selling Bitcoin - Pay Up! Bitcoin is all the rage. In fact, many people have considered investing in these cryptocurrencies or something. Of course, many have invested in it. I played around with them about a decade ago, and the IRS seized 1.2 billion worth of it. [Automated transcript] You might remember, we talked years ago about the IRS trying to tax things in the virtual world. So if you were in one of these real-life-type things and you owned property, as it were inside this virtual world, they wanted to tax it. So, of course, if you sold something with real hard money and. You sold it inside that real world with real hard cash, you would end up having to pay taxes. [00:00:43] Just if you sold a hammer to someone, that's the way it works. A lot of people have decided that, for some reason, cryptocurrency is entirely untracked. Now we know about cases. I've talked about them here where some of these coins, in this particular case, are talking about Bitcoin or have been used online. [00:01