This article first appeared on GuruFocus.
Bitcoin (BTC-USD) is entering the final stretch of the year under pressure, with a roughly 30% slide from its all-time high creating conditions advisers say could be driving heavier tax-loss harvesting than in prior years. While Bitcoin is down about 5% year-to-date, the S&P 500 (SPY) has risen roughly 18% over the same period, a divergence that advisers say is encouraging investors to sell underwater crypto positions to potentially offset equity gains before Dec. 31, particularly for purchases made near October's peak. Some advisers note that tax-los
Bitcoin (BTC-USD) is entering the final stretch of the year under pressure, with a roughly 30% slide from its all-time high creating conditions advisers say could be driving heavier tax-loss harvesting than in prior years. While Bitcoin is down about 5% year-to-date, the S&P 500 (SPY) has risen roughly 18% over the same period, a divergence that advisers say is encouraging investors to sell underwater crypto positions to potentially offset equity gains before Dec. 31, particularly for purchases made near October's peak. Some advisers note that tax-los
2 months ago
