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Profiting from a BTC price drop without creating a tax liability


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At some point in the Autumn or Winter, I'm expecting BTC to top and enter a multi-month bear market. My original plan was to wait for a confirmed top and start building a spread bet short position so that there would be no CGT. However, as I'm a retail trader the FCA have blocked me from doing this.

Does anyone have any ideas for an alternative?

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I just wanted to add a few ideas that I came up with..

  • Set up a crypto futures account (Binance, Bitmex etc) - I think any profits would be liable to CGT though?
  • Find an overseas/non-FCA regulated spread betting platform that offers crypto - this would work I just haven't been able to find one - does anyone know of one?
  • Open a short position on a bitcoin proxy (Microstrategy, Argo Blockchain) - I think this is my prefered option at the moment.. not ideal though. 

Adding a some tags - Bitcoin, Crypto, Short, Hedge, Futures, Spreadbet

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