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I've been dealing with crypto for years because I have a client who is a miner. I had to study it, was fascinated, and now I follow it (would never buy it). By now a few other clients are buying/selling various coins, so I'm able to handle them. I will back out if any one of them ever starts buying everyday items with crypto as the constantly changing price would be impossible to trace. Few actually use it as currency, and I don't know why any merchant would accept it. Say someone buys a Tesla for $80k, but by the time the transaction clears (up to 20 minutes for bitcoin), the value of the crypto could have gone down by $5k or more (or up). I read about a guy who ordered a pizza and by the time the transaction cleared it cost him $23 more. The exchanges are going to have to do the tracking (like Coinbase does) because otherwise the taxpayer and tax pro and IRS will never be able to figure it out. It would mean a five day audit for a $20 transaction.

Here's a good instructor: https://www.bigmarker.com/tax-practice-pro-inc1/Cryptocurrency-Update-The-IRS-is-Closing-In?utm_bmcr_source=email&utm_source=Tax+Practice+Pro%2C+Inc&utm_campaign=6a8b861f03-EMAIL_CAMPAIGN_2020_10_26_12_54_COPY_01&utm_medium=email&utm_term=0_e8d6f6fd06-6a8b861f03-30289501&mc_cid=6a8b861f03&mc_eid=fa3d1fe03e If you see any Crypto courses by Knox Wimberly/Knox Taxes, Knox is really good.