Bloomberg: Most US crypto investors may not have declared assets to the IRS

Bloomberg reported that research shows that between 2013 and 2021, only 6.5% of US taxpayers reported cryptocurrency sales, while 12% to 21% of US adults held cryptocurrency during the same period. Analysis indicates that some investors have not truthfully declared their relevant income and transactions, which may result in tax losses. The study also found that cryptocurrency holders are more inclined to hold Meme tokens and are younger with lower incomes, showing significant differences in trading behavior compared to traditional stock investors. According to CoinTracker data, cryptocurrency investors are required to report an average of 836 transactions for the 2025 tax year, with an average short-term loss of $636 and an average long-term profit of $2692.