“My friend” owes roughly 500k in taxes, and is working out a payment plan because there’s no way “he” can pay it right now(don’t ask how “he” got in this situation).
He owns 1 BTC. If BTC hits $500k+ he would be able to sell and pay 0% cap gains. This would allow him to pay off all taxes and release him from the terrible feeling of debt that he wakes up to everyday.
How would you advise him?
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