Any time you attempt to convert it into a usable asset, including using it as collateral or citing it as an asset for loans or investment capital solicitation, it should be taxed. Once someone accepts its value in exchange for something, it’s no longer speculative.
Correction: Lost a trillion in speculative value. There’s a difference
And people want to tax this speculative value.
If you say it’s worth a trillion, then you should put your money where your mouth is
But the investors are saying it’s a trillion.
Any time you attempt to convert it into a usable asset, including using it as collateral or citing it as an asset for loans or investment capital solicitation, it should be taxed. Once someone accepts its value in exchange for something, it’s no longer speculative.