While Bitcoin is experiencing a slight, short-term stall in this rocket to the perpetual moon it is still a good investment. It is also a learning tool. The same way today's programmers s built upon the knowledge base of the founders of the internet and other basic Windows and DOS languages, we need to teach the kids today about blockchain technology. Using blockchain technology could be the best way to help fund technological STEM education, especially in areas lacking funding. Rural America can learn a new way of farming, while the underserved parts of major American cities can tap into a new revenue stream. Blockchain and Bitcoin investors can use this gap in educational funding to help the next generation while also avoided excess taxes on cryptocurrency profits.
Forbes has speculated that Bitcoin is going to have a massive week recovering from an Ethereum-GAS related downswing in US Dollar value. A former Prudential Securities chief executive is signaling there will be a move by the industry towards adopting Bitcoin into their portfolio. Bitcoin is been seen as a more viable option as a potential hedge against possible inflation resulting from coronavirus-induced stimulus measures.
The Internal Revenue Service (IRS) describes any digital currency as a "representation of value that functions as a medium of exchange, a unit of account, and / or a store of value.” One way to get around paying exorbitant amounts in taxes, business and rich individuals skirt the financial hit by directly contributing to charities and non-profit organizations. While there are big names like United Way taking bitcoin as a donation there are better ways to put the taxable amounts to good use.
There needs to be a way to donated bitcoin to schools, and get things like COINBASE Earn programs going for kids. They could hold the coins and use them for college all while learning some financial literacy with is sorely lacking in today's curriculum. As Bitcoin investors help contribute, they can write off the capital gains taxes while getting to watch the tech grow organically, as it was mean to initially.
Programs can be set up to help programs earn more while getting scholarships for the students. As they learn the technology, there is no telling where they may take it. We are only borrowing the profits of bitcoin's future from the next generation. Let's help them earn the interest by getting them interested in blockchain technology and Bitcoin.
