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I currently live in the US and hold a few Bitcoins. Iām planning to hold that Bitcoin for the next 10-12 years. After that assuming it becomes worth a lot, I would like to withdraw my Bitcoin but donāt want to pay tax on it. Iām planning to become a resident or hopefully a citizen in a tax safe haven country. I understand that if Iām a US tax resident or a citizen that Iāll have to pay uncle Sam no matter where I go, so Iāll simply renounce my US citizenship. Would this work? I believe taxation is theft and my Bitcoin by the time I cash out will probably be worth millions. I donāt want the IRS to get their nasty hands on my retirement money.
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Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio youāre using to start.
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