All the traders I was talking to thought the IRS didn’t know about their trading activity. This was one reason why so many didn’t report their income in 2017. If the commissioner was being honest, then most crypto traders were in great danger.
So I tried to imagine how the IRS could know so much about traders.
Then I heard a quote from the U.S. Treasury Secretary David Mnuchin who said, “Bad actors were using cryptocurrencies to destabilize the U.S. monetary system”. A national security threat that grave could be the pretense to justify outrageous actions by the government.
A national security threat means that the National Security Agency (NSA) would be involved. Most of what we know about the NSA we learned from Edward Snowden.
By studying what Snowden disclosed, I discovered shocking information that should make every crypto trader worried.
As I started to write the material in these emails, they kept getting longer and longer with footnotes and juicy insights. These insights were too important to hide in emails. So, I converted each email into a chapter and made my third book, Why Crypto Traders Are Low-Hanging Fruit For The IRS.