How Israel Can, and Should, Become Ground Zero for Bitcoin
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How Israel Can, and Should, Become Ground Zero for Bitcoin
How can values create value? On this podcast, Michael Eisenberg talks with business leaders and venture capitalists to explore the values and purpose behind their businesses, the impact technology can have on humanity, and the humanity behind digitization.
How Israel Can, and Should, Become Ground Zero for Bitcoin
How Israel Can, and Should, Become Ground Zero for Bitcoin
How Israel Can, and Should, Become Ground Zero for Bitcoin
How Israel Can, and Should, Become Ground Zero for Bitcoin
This week, the US Internal Revenue Service (IRS) handed Israel a golden opportunity on a silver platter. Or, shall I say, a virtual gold opportunity. By deciding to tax Bitcoin as an asset, like gold, the US Government effectively doomed Bitcoin as a currency. As Robinson Meyer correctly writes in The Atlantic, “To tax Bitcoin as property…destroys its fungibility: One Bitcoin can no longer be exchanged for another…This was one of the original intents behind the service. Bitcoin aimed to function as a kind of digital money, meaning it had to work as a unit of account, a medium of exchange, and a store of value.”
