Data Shows Short-Term Crypto Tax Filers Increase, But Lots of Investors Still Won’t File

Also read: Bitcoin Cash Markets and Network Gather Strong Momentum in Q1 Tax Filers Reporting Short-Term Crypto Gains and Losses Spike Considerably Last April, as tax season approached, news.Bitcoin.com reported on how many cryptocurrency holders didn’t really care.

Moreover, short-term BTC losses averaged $3,405, which is a 322 percent increase since last year’s tax season.

Only recently, bitcoiners have been discussing how crypto taxation is actually the biggest hindrance to digital currency adoption.

So the steady increase of bitcoin holders that do not plan to report losses and gains to the IRS suggests that people may be thinking twice about paying into a blatantly corrupt and immoral system.