So Much For Bitcoin Anonymity. For All You Neophyte Investors Who Were Bamboozled By The Bitcoin Hucksters, Let Me Give You An Investing 101 Tip.
If It Has To Do With Money/currency And Taxes The Government Wants To Know About It. Hello? So All Those Reasons You Were Told Bitcoin Was A Good Investment, Most Of Them Are Bogus.
Hence Bitcoin Was/is A Classic Ponzi Scheme. Cryptocurrency Technology Is Definitely The Future Of Money. But That’s A Completely Different Matter.
Source:
https://www.theverge.com/2018/2/26/17055264/coinbase-cryptocurrency-tax-irs-compliance-court-order