WBTCEUR
Wrapped Bitcoin / Euro
crypto

So I have been using the 30+ day swap into WBTC and back to BTC either side of the April year end for some years now. This has successfully increased my average cost basis on my BTC pool, especially since I also split ownership with my spouse so we use all our capital gains allowance (wish it was still £12k)
I am approaching an age where I might want to start taking some cash out yearly to fund retirement. This year I left the £3k in WBTC since it has a much higher cost basis as a percentage than the BTC it came from. I plan to keep doing this. Then I can use this second pool of crypto for cash withdrawals in the future and owe less tax. Very important if you are trying to optimize retirement income from a variety of sources.
I get there is a higher risk of WBTC but funnily enough I have a high risk tolerance. However any other issues?
(I'd submit this as a new post but not enough karma or whatever on this account)

So I have been using the 30+ day swap into WBTC and back to BTC either side of the April year end for some years now. This has successfully increased my average cost basis on my BTC pool, especially since I also split ownership with my spouse so we use all our capital gains allowance (wish it was still £12k)
I am approaching an age where I might want to start taking some cash out yearly to fund retirement. This year I left the £3k in WBTC since it has a much higher cost basis as a percentage than the BTC it came from. I plan to keep doing this. Then I can use this second pool of crypto for cash withdrawals in the future and owe less tax. Very important if you are trying to optimize retirement income from a variety of sources.
I get there is a higher risk of WBTC but funnily enough I have a high risk tolerance. However any other issues?
(I'd submit this as a new post but not enough karma or whatever on this account)