Jacob Fenech

I feel like in the past, there might have been an app where you could tap a button and it kind of monitors your GPS to see where you go on your phone.

Could be wrong.

If I find that, I'll dig it up and put it in the notes.

But yeah.

Okay, so we've got two more.

And these can, I guess, these are a bit of fun.

The first one in particular, which is, I'm calling it Bitcoin Bonanza.

And I'm saying that this is a hypothetical example, a very, very hypothetical example.

I'm going to use a character called Dilbert.

And Dilbert used his credit card to buy some Bitcoin at $78,000.

So the Bitcoin was trading at $78,000 in April 2021.

That's when the fear of missing out was really high.

And by June, early June 2021, so just a few months, not even a few months later, Bitcoin was then trading at $48,000.

And Dilbert realized that owning Bitcoin was both scary and we'll just say a mistake is the politically correct version.

So he sold it around about a 30% loss, Jacob.

He bought this thing that he thought was going to be, air quotes, investment, and he sold it for a 30% loss short term later.

Short time later, sorry.

Is that an example of a tax deduction?

Yeah, right.

And so if he didn't have enough in terms of enough capital gains to offset all that loss, he's not going to have a very good time come tax time.