Bitcoin price down 4.4 percent in dollars and 0.5 in euros: what investors in Germany need to know

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Bitcoin costs $84,828 and €75,348 on Saturday evening. In dollars the year stands at minus 4.4 percent, in euros at minus 0.5. Where the gap comes from, what the exchange adds on top and why the tax office knows only the euro figure.Bitcoin costs $84,828 on Saturday evening. The same quantity appears on a German account as €75,348, and that second figure tells a different year from the first. Counted in dollars, Bitcoin is down 4.4 percent since the turn of the year. Counted in euros it is 0.5 percent. The gap of around four percentage points comes from the currency market rather than the crypto market. For you in Germany that is no quibble. You pay in euros, you have payouts made in euros, and the tax office calculates in euros. The dollar price that every price page shows first describes the world market. What your portfolio is worth, what the exchange deducts from you and what appears in the Anlage SO annex of your tax return at year end all hang on the euro figure. This piec...