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Bitcoins, bubbles and your burden to the CRA

Wednesday, February 21, 2018 @ 8:58 AM | By David Rotfleisch

Bitcoins (BTC) and other cryptocurrencies such as dash and ethereum have been on a proverbial seesaw in the financial markets. Many investors and speculators decided to get in on the action with bitcoin even as dire warnings of a possible bubble were swirling, and some are sitting on real or paper losses.

Bitcoin crashed in both 2011 and 2013, with the latter crash seeing a 50 per cent decline in value in a single day. Recent crashes took place in December 2017 and January 2018. While...