[nickcarraway]

It’s private so that it’s not traceable. The dark web uses it. I don’t use it to buy things in just investing in it to make a couple hundred grand. I’m already up over 30% this year.

Isn't that the case for all cryptocurrencies?

[Drago]

Depends. Where did you buy your crypto with your USD? Coinbase? IRS is getting Bitcoin address information from them. Did you re-use your public address? (Don’t). Privacy is possible with Bitcoin by buying from a private party or mining your own and never re-using an address and maybe by “mixing”, but usually it is just easier to use a “privacy coin” like Monero. There are already “blockchain analysis” companies out there whose only mission is transaction/address tracking/analysis (for the IRS, etc).