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Selling Bitcoin to cover tax is a major concern, Scott Melker notes

Selling Bitcoin to cover tax is a major concern, Scott Melker notes
Tax burden complicates Bitcoin salaries

Scott Melker, owner and content creator, explained that he would not want to be paid in Bitcoin due to the tax implications.

He noted that receiving Bitcoin as a paycheck would require selling 30–40% to cover taxes, potentially forcing him to time the market. If Bitcoin's price fell, the value of his paycheck would drop significantly.

Melker has previously highlighted selling pressure in the crypto markets after Strategy’s minor Bitcoin sale and Mt. Gox wallet movements. He has also reported on JPMorgan raising its S&P 500 year-end target to 7,800, citing strong AI-driven earnings. Both updates reflect his focus on key drivers affecting digital asset and equity markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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