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No deduction, besides the cost of acquisition, shall be allowed whereas reporting income from transfer of digital property. JPMorgan Chase analyst Nikolaos Panigirtzoglou favors this strategy. He lately told Insider that "It is best to buy and maintain, perhaps allocating a small portion of your portfolio to cryptocurrencies, specializing in those typically held by institutional investors, such as Bitcoin and Ethereum at the moment." Various P2P cryptocurrency and Bitcoin exchanges also exist, however we recommend sticking to conventional exchanges to commerce and buy Bitcoin, unless you understand the particular person with whom you’re making a P2P change. There are two tracks of concern – one round financial stability and the way consumer and investor protection could be ensured. Several commenters like cryptocurrency platform BlockFi and other stakeholders speculated the possibility that Musk himself was utilizing the namesake. Bitcoin Will Attain Half A Million In The