"One day everyone will use China's digital currency"
You think patriots would let that happen?
(Note that BtC has popped almost x6 since about the exact date this article was published last September. True, the fiat dollar bloated, but by nowhere near enough to justify even half of that move.)
I know two people who each have over $2 million each in crypto coin. Even if they go bust it’s ok since it’s a small portion of their wealth. I had a roommate who made millions mining it 2 years ago and also lost millions and won’t ever touch it again. Had like 2,000 miners (computer mining crypto).
There's nothing the IRS loves to do more than patiently wait until you've lost a pile during a crash and cashed out the remainder, then put a lien on your bank account for tax-avoidance.