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While price fluctuations or choppy markets can last weeks, an Ernst and Young consultant says the long-term price expectation for Bitcoin in 2025 remains high.
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To avoid significant losses, bears need to drive prices below $95,000 ahead of the Dec. 27 expiry. On the other hand, bulls stand to maximize their gains if they can push BTC above $105,000, marking a new all-time high. Such a scenario could serve as a pivotal victory to sustain bullish momentum heading into early 2026.
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Below are five probable scenarios based on current price trends. These outcomes estimate theoretical profits based on open interest imbalances but exclude complex strategies, such as selling put options to gain upside price exposure.
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Given the current market dynamics, Bitcoin bulls are strategically better positioned for the year-end options expiry. For example, if Bitcoin’s price remains around $100,500 at 8:00 am UTC on Dec. 27, only $275 million worth of put (sell) options will retain value. This scenario arises because the option to sell at $100,000 becomes worthless if BTC trades above that threshold at expiry.
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Crucially, investors are also weighing the potential approval of a US strategic Bitcoin reserve, a proposal by Senator Cynthia Lummis that aims to accumulate up to 1 million BTC over time. Other states, such as Texas, are considering similar measures. A Texas lawmaker has introduced legislation to hold Bitcoin as a reserve asset for at least five years, explicitly stating that “no taxpayer funds would be spent on buying Bitcoin.”
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Blockpit also focuses on integration, connecting seamlessly with a wide array of wallets, exchanges and blockchains. This completely free portfolio tracking feature consolidates an entire crypto portfolio into one unified interface, eliminating the need to juggle multiple platforms and making asset tracking far more efficient.
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To further enhance tax planning, Blockpit introduces the Sell Simulation feature. This tool models various tax scenarios, enabling investors to preview the outcomes of different strategies before making trades. By testing these approaches, users gain confidence in choosing options that align with their tax goals.
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One of Blockpit’s standout features is the Crypto Tax Optimizer, which is designed to identify opportunities within an investor’s portfolio. By scanning for underperforming assets —including crypto and NFTs—, it offers actionable insights that help users maximize potential tax savings through informed tax loss harvesting.
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Blockpit, a crypto tax app for web and mobile, helps users track, calculate, optimize and report cryptocurrency taxes. Created with an understanding of the fast-moving crypto market, it aims to continuously provide investors with tools to simplify tax-related decisions, focusing on accuracy and compliance without unnecessary complexity.
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For many investors, keeping track of losses and gains manually is a daunting task. Recording every transaction, calculating potential savings and filing compliant tax reports demand precision and time. Technology plays a key role here, providing tools to calculate taxes and guide investors through crypto tax regulations.
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However, as crypto gains popularity as an investment asset, dealing with its tax implications has become increasingly complex. While crypto trading is fast and accessible, it creates a web of tax obligations that can easily overwhelm even experienced investors. The frequent movement of assets across exchanges and wallets adds to the complexity, compounded by ever-changing tax regulations that differ across jurisdictions.
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Investors often turn to crypto tax loss harvesting as a strategic method to offset capital gains by selling cryptocurrencies that have declined in value. This approach reduces overall taxable income and helps in optimizing returns and rebalancing portfolios in a market known for its volatility.
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The SEC sued Ripple in December 2020. In August, a judge ordered the company to pay $125 million as part of a civil penalty, one month after it was determined that XRP sales on exchanges did not violate securities laws.
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However, Garlinghouse was shocked to learn that the segment didn’t clarify that the lawsuit deemed XRP not to be a security in certain cases.
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“Their allegation was that Ripple and our sales of XRP represented the sale of an unregistered security,” Garlinghouse said of the SEC in the 60 Minutes segment, which aired on Dec. 8.
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