Bloomberg: Bitcoin retraces 30%, creating a rare "tax-loss harvesting" window

BlockBeats News, December 26 — According to Bloomberg, Bitcoin has fallen about 30% from its all-time high, creating an unusual tax operation opportunity. Several financial advisors have stated that this year, digital asset tax-loss harvesting activities may be significantly higher than in previous years. So far, Bitcoin is still down about 5% year-to-date, while the S&P 500 index has risen approximately 18% during the same period. This notable divergence has created a strong incentive for investors holding both stocks and cryptocurrencies: to sell underwater Bitcoin positions before the end of the year to offset capital gains from stock investments, especially for those who bought Bitcoin at high levels in October.