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Bitcoin and Taxes: What You Need to Know Bitcoin, the pioneering cryptocurrency, has captured global attention since its inception. What began as a niche technology for a small community has evolved into a significant digital asset class, attracting individual investors, large corporations, and even some governments. Its decentralized nature, potential for high returns, and technological innovation have made it a fascinating and often profitable venture for many. However, as with any asset that can appreciate in value or be used in transactions, interacting with Bi