You have made back your investment plus some. Also you don’t actually own any Bitcoin through CashApp, they sell fictitious potential value based on nothing. Take the cash minus the tax and invest your initial investment via actual ownership via a private wallet if you want to see what Bitcoin can be. Then, you are in profit and the worst case you lose money that doesn’t matter.
Crypto is no different than stock investment, only invest what you are willing to lose and cash out when you are satisfied.
I can’t give you legal financial advice, but my personal opinion is that Bitcoin still has value to gain and investing money of no consequence has a potential to be worthwhile beyond what investment in the S&P offers, and likey what realestate offers.
You have made back your investment plus some. Also you don’t actually own any Bitcoin through CashApp, they sell fictitious potential value based on nothing. Take the cash minus the tax and invest your initial investment via actual ownership via a private wallet if you want to see what Bitcoin can be. Then, you are in profit and the worst case you lose money that doesn’t matter.
Crypto is no different than stock investment, only invest what you are willing to lose and cash out when you are satisfied.
I can’t give you legal financial advice, but my personal opinion is that Bitcoin still has value to gain and investing money of no consequence has a potential to be worthwhile beyond what investment in the S&P offers, and likey what realestate offers.