The analyst and influencer of Bitcoin Populaire, Planb, recently revealed that he had moved his Bitcoin assets in the ETFs, citing practical reasons for the decision. In a recent article on social networks, Planb explained that the management of bitcoin via ETFs is simpler and less stressful than the management of private keys, offering it a more practical solution.
“I transferred my bitcoin to ETF,” said Planb, recognizing the common cryptocurrency saying: “Not your keys, not your pieces.” However, he explained that for him, the use of ETF makes Bitcoin management more similar to the management of traditional assets such as actions and obligations.
The well -known analyst also expressed his surprise at the level of controversy surrounding the use of ETFs, declaring: “I did not honestly know that the FNBs were so controversial. In my opinion, FNBs are a logical step in the adoption of Bitcoin, as is the holding of your own keys. »»
ETF and adoption of Bitcoin: a new era
For Planb, the transition from the maintenance of physical bitcoin to the use of ETF represents a practical evolution of the way people can interact with bitcoin as it becomes more common. He thinks that FNBs offer a less complex alternative while allowing exposure to the potential value of Bitcoin. While Bitcoin continues to gain popularity, he considers ETF as part of his wider adoption – offering an easier and more manageable means for investors to engage with assets without treating the complexities of the storage of private keys .
Tax implications and considerations
When he was asked how he had been able to make this decision without triggering a tax event, Planb clarified the tax system in the Netherlands, where he resides. He explained that the country does not have a capital gains tax on the profits made. Instead, he has a tax on unrealized capital gains, also called wealth tax, which assumes a standard yield of 6% on the wealth of a person. This means that, rather than imposing profits on specific assets, the government imposes a percentage of the overall clear wealth of a person, which for Planb amounts to around 2% per year.
This system, he noted, allows him to make transactions without concern to pay taxes on capital gains made, as long as it does not sell its assets in a taxable event.