What you say is true but there are a lot of people who could end up with massive mooning putting them into that category. As crypto expands, this is going to cover more people in the United States. Of course, being in Canada what Biden does is not relevant to your tax structure (you have your own problems with that).

However, do not believe that a million dollars is that much in crypto. Think about a few airdrops, a couple moon shots, and suddenly, if you were to take profits, you would have over a million dollars.

The numbers add up when you are looking at 20x, 50x, or 100x in things. And that is happening all over the place in crypto.

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