Bitcoin Tax Secrets: How the Rich Avoid Paying More – Legally! – Robert Kiyosaki, Tom Wheelwright
Are you a Bitcoin investor worried about taxes? You’re not alone! In this episode of the Rich Dad Radio Show, Robert Kiyosaki and tax expert Tom Wheelwright break down the hidden secrets of cryptocurrency taxation and how savvy investors can avoid costly mistakes.
We’ll dive into everything from Bitcoin tax regulations to the IRS’s increased scrutiny on crypto transactions. Plus, Robert shares why he believes commodities like gold, silver, and oil are the ultimate wealth-building tools for reducing tax burdens—and how Bitcoin investors can learn from these strategies.
Whether you’re new to crypto or a seasoned investor, this episode is packed with tips to help you protect your wealth, minimize taxes, and navigate the ever-changing financial landscape.
👉 To learn more about the IRS Tax code on cryptocurrencies, visit:
00:00 Introduction
01:16 Understanding IRS Guidelines on Virtual Currency
01:57 Tax Implications of Using Bitcoin and Ethereum
07:56 Real Estate and Tax Strategies
11:19 The Role of Commodities in Wealth Building
14:45 Capitalism, Tax Incentives, and Wealth Accumulation
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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.
The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.
Cameron Long
Cameron is a seasoned CFO and CPA with 31 years in finance. He created the AI Trader's Playbook to help everyday investors use AI to find high-confidence trades — in minutes, not hours.
Read More About Cameron → Get the AI Trader's Playbook
*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
wow this awesome 👏 I’m 47 and have been looking for ways to be successful, please how??
It’s Esther A Berg doing, she’s changed my life.
I do know Ms. Esther A Berg , I also have even become successful….
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son’s surgery (Oscar). Glory to God.shalom.
Good day all👍🏻 from Australia 🇦🇺. I have read a lot of posts that people are very happy with the financial guidance she is giving them ! What way can I get to her exactly ?
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Charlotte Grace Miller for helping me achieve this
I’m celebrating a $30k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me
She is my family’s personal broker and also a personal broker in many families I’m United States, she’s a licensed broker and a FINRA AGENT in United states
The very first time we tried, we invested $1400 and after a week, we received $5230. That really helped us a lot to pay up our bills.
I’m new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Thank you for this very informative video. I know that most people in America rely on banks and expect honesty and fidelity. However, history has shown us that this is a false assumption. Crypto, with their inherent volatility, present a unique opportunity for substantial returns. They’re not just digital assets anymore; they’re reshaping the financial landscape, Those who are neglecting crypto investment will be dependent on those controlling CBDC’s during the upcoming depression while we will be in a position of financial freedom. I must say trading offers more benefits than just holding and i have made over 27btc from day trading with Alison Bruce insights and signals in less than 3 weeks so glad I started her program.
Got a chance to benefit from her services a few weeks ago and it has been a very smooth experience.
I’ve seen many positive comments about Alison Bruce. Can someone guide me on how to reach her?
Everyone needs more than a Basic Income to be Financially Secured in this present time that there’s an Economic Decline.
Access to good information is what we investors needs to progress financially and generally in life. this is a good one and I appreciate
Her program of expertise is all over the internet Alison Bruce Crypto
Thanks once again for the financial information Robert Kiyosaki and Rich Dad Team.
So you take out 5 mil line of credit and then buy bitcoin.. but then if you sell the btc it’s then taxable isn’t it
If you are paying taxes on crypto you’re doing it wrong.
Listen to Robert! You never sell, you borrow against the asset and live off of borrowed $ – no tax
So Tom said gold and Silva have a different tax rate than cryptocurrencies. What’s gold and silva’s tax rate?
I Googled n 28% came up. I’m in uk, so we have 20% but some has a legal tender value for example 22kart 1/4 gold coin cost £600 aprox but has a £5 value to spend as legal tender😂 which ud never use but when sold no tax here, may have simular I usa?
is there a UK version of this??
I would like to know that too
Gold and silvercare’nt taxable. What is capital gains?
The point of crypto is to be decentralized and away from the governement. Taxes shouldn’t even be considered.
Exactly. It should be illegal.
Ronaldo would buy XAI311T
80% TURBO 14% XAI311T 2% FLOKI 2%BONK 2%PEPE 🎉
We all want trump as POTUS and $XAI311T will go parabolic in 2024-2025.
XAI311T all the wayyyy. For all of you that said its a ghost chain. You are wrong haha.
These past few days watching my crypto portfolio decline is very disheartening. Holding doesn’t really profit much. Any ideas on how to earn better on the short run?
The stock market is likely the best smart investment. However, if you are thinking of investing in the stock market and you are not well versed, its advisable to work with a financial advisor who is an expert to guide you through the process. this way you could make more profit with less risk
Short term trading is much preferable considering
Really, am confused especially in the market analysis, how do people take advantage trading them??
I in point of fact to say thanks a lot! you made life easier for me and my family I smile again, 397k made in short time
OMG that’s huge I’m from Norway please how can I still smile like you
Silver is dumb af as a investment or even ‘preserving wealth’ you’re lucky if u don’t even lose money on it
Altijd leuk om je doordachte en logische analyse te horen. Ik geef niet om bull- of bearmarkten. Handel een klein percentage van je portefeuille in plaats van elke paar weken in en uit te gaan om de markt te timen. Handelen is soepel voor mij verlopen, omdat ik meer dan 8,4 BTC kon verzamelen toen ik begon met 3 BTC binnen een paar weken na het implementeren van Felix Beike’s dagelijkse handelssignalen en tips.
Absolutely! I’ve heard stories of people who started with little to no knowledge but made it out victoriously thanks to Ms. Esther A Berg.
Serieus? Ik ben zo opgewonden. De Felix Beike-strategie heeft ook winnende transacties voor mij genormaliseerd. Dit is een enorme mijlpaal voor mij als ik terugkijk en zie hoe het allemaal begon
Ik ben hier niet om namens hem te spreken, maar om te bevestigen wat ik zeker weet: hij is betrouwbaar en de beste ooit. Soms vraag ik me af of hij magische krachten heeft verhandeld.
Het is boom! Maar hoe hebben ze dit allemaal voor elkaar gekregen, zelfs in de huidige economische context, die erg slecht is? Ik heb alsjeblieft je hulp nodig om verder te gaan. Ik ben wanhopig op zoek naar een manier om mijn schulden af te betalen en mijn doelen te bereiken
@Felixbeike 👈👈
Thanks for the educative video, Bitcoin is on its way to breaking records, getting closer to hitting new high prices 100k even though it’s keep fluctuating, showing that it’s gaining more value and could go even higher than we’ve seen before. This could mean great things for people looking to invest, suggesting now might be a good time to get involved before it jumps even higher. It’s an exciting moment that could change the game in general…managed to grow a nest egg of around 127k to a decent 892k….At the heart of this evolution is Bradford , whose deep understanding of both cryptocurrency and traditional trading has been instrumental. His holistic approach to investment and commitment to staying abreast of market trends make him an invaluable ally in navigating this new era in cryptocurrency investment….
*He mostly interacts on Telegrams, using the user-name*
Bradfordjackson75✊✊✊ ✊✊✊🚀🚀🚀
*@Bradfordjackson75 ..that’s it*
Basically, I just made my first $300,000 in crypto trading. years of grinding, pivoting and failure, ideas not working out multiple consecutive times, depression, anxiety… but oh man once I saw the balance was over 300,000 – it really made it clear that all those years were worth it and has paid off, and it’s a paradigm shift that really lifts a weight off. This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes..
Invest in the right cryptos too, don’t just blindly shot into the wind at nighttime.
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
I’m 37 and have been looking for ways to be successful, please how??
Sure, the investment-advisor that guides me is..
Mrs Joyce kim
Same, I met Joyce kim last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Joyce kim
Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!
Where do i find this Kemny stuff? How is “Kenny” adding 4M to 1M?