Interesting discovery circulating these days about American tax data. It turns out that practically no one truly reports their cryptocurrency transactions to the IRS. I'm talking about a really low number.

According to a study conducted by the University of Texas, analyzing anonymous tax files from 2013 to 2021, only 6.5% of taxpayers actually reported selling cryptocurrencies in their documents. However, during the same period, investigations showed that between 12% and 21% of American adults owned cryptocurrencies. Do the math yourself.

The research also highlights an interesting profile of those holding these assets: generally younger, lower income, and with a particular preference for meme tokens. Their trading behavior is completely different from those investing in traditional stocks.

For those who want to stay compliant, the numbers are quite challenging. According to CoinTracker data, anyone involved in cryptocurrency transactions in 2025 must typically report about 836 transactions. Short-term positions have generated an average loss of $636, while long-term positions have yielded an average profit of $2,692. Not exactly a walk in the park from a bureaucratic standpoint.