Nicole Lapin

It's been acting.

In theory, it should be, which would be great.

We all want to hedge our investments.

Like, when one goes down, one goes up.

Cool.

But that's not how crypto has been acting.

I have been...

I'll get on my soapbox for a second, really into the wash sale rule for crypto, because right now, as you know, the wash sale rule affects securities.

So stocks are considered securities, but crypto is still considered property.

And so you can, which is what I did, I sold my crypto and I bought it right back.

So I lowered my cost basis, which is not allowed in stocks.

You have to have a 61-day look back and then look forward.

You can't do it the day of or 30 days before, 30 days after.

Right now, this is the rule.

It probably is going to change, but you can take that loss.

So if somebody bought it at $100,000 and it's down to $60,000, you can take that $40,000 loss against $40,000 of gains.

As it exists right now.

But again, those are strategies that are really case specific and not for everybody.

Not for you.

I'm sitting that one out.