With the upcoming autumn budget announcement, UK bitcoin holders face choices regarding capital gains tax, with many expressing intentions to hold rather than sell.
Bitcoin's price has seen recent increases, leading to speculation of a rally. Investors are cautious, weighing their options amid potential tax changes.
User Plus-Ad1544 stated, 'There is zero chance I'll be profit-taking on bitcoin. It's a long-term HODL until those CGTs come down,' reflecting a common sentiment.
The idea of using collateralised loans to leverage bitcoin holdings is gaining traction among investors as a way to avoid capital gains tax liabilities.
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