All Things Crypto

ATC quote · Jul 10, 2024 · 1:15:23

“Oh, so so here's here's a couple of things, though. When you involve a mortgage, you have a problem. Right? Mortgages end up being very difficult. But straight sales, you can buy them with crypto…”

ALEX DAMSKER @AlexDamsker (speaker unconfirmed)

From ATC: DAVE & KOOL TALK ALL THINGS CRYPTO, Jul 10, 2024 · Episode page

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In context

1:15:13 Dave @DCBK2LA (speaker unconfirmed): But, essentially, Chris, the guy ended up paying off the entire mortgage just off of the Bitcoin price appreciation. What?

1:15:23 ALEX DAMSKER @AlexDamsker (speaker unconfirmed): Oh, so so here's here's a couple of things, though. When you involve a mortgage, you have a problem. Right? Mortgages end up being very difficult. But straight sales, you can buy them with crypto, wallet to wallet transfers because wallet to wallet transfers have still... Have been a loophole in in tax... In a... There's a tax loophole in wallet to wallet transfers. You don't get taxed on those when there's no…

1:18:09 Voice F (speaker unconfirmed): Yeah. That's interesting. I I think that's, a parallel transact... Like, the the wallet to wallet transfer would be, like, an outside ex... Like, nearly extra cons... Outside of the, like, process kind of agreement. But then... Because when you do the detransfer, which is the main thing, right, and when it comes to settlement settlement services and then tile insurance, right, what do you... How do you describe or…

Show discussion only, not financial advice. Transcripts are auto-generated.