The well-known Dutch analyst PlanB has caused a stir: He has sold all his Bitcoin (BTC). In a post on X, he shared the shocking news with his followers. But why did he decide to sell? And more importantly, what did he buy instead?

No Longer a Hardcore Bitcoiner?

For all crypto investors who are panicking right now: PlanB didn’t exit Bitcoin entirely—instead, he converted his BTC into Spot Exchange-Traded Funds (ETFs).

The reason? According to the analyst, holding shares in these regulated funds provides him with more security and peace of mind. While self-custody of Bitcoin may sound attractive, it also comes with risks—including hacks, theft, and the challenge of securely managing private keys.

So fortunately, PlanB didn’t dump all his BTC on the market! That would have been quite surprising, considering his bullish predictions of Bitcoin reaching $500,000.

However, his decision has sparked debate, especially among hardcore Bitcoiners. The crypto community strongly adheres to the principle:

“Not your keys, not your coins.”

True Bitcoin enthusiasts believe in always maintaining full control over their private keys. But is this really the only right way to own Bitcoin?

PlanB was surprised by the backlash, wondering if buying shares in MicroStrategy, a company with massive Bitcoin holdings, would be viewed as just as controversial as investing in an ETF.

Why So Much Controversy Around PlanB?

The panic and criticism aren’t entirely unexpected—PlanB is a major figure in the crypto world. With nearly 2,000,000 followers on X, he is one of the most influential voices in the community.

He became famous for his Stock-to-Flow (S2F) model, which predicts Bitcoin’s price based on scarcity. This model made him extremely popular, as it delivered remarkably accurate forecasts for years.

No Capital Gains Tax on Bitcoin Sales in the Netherlands

Another interesting factor behind PlanB’s move is taxation. His decision to convert Bitcoin into ETFs has no direct tax consequences.

Why? The Netherlands does not impose capital gains tax on crypto profits.

However, there is an annual wealth tax. The tax authorities apply a hypothetical return model of around 6% on total assets, with approximately 2% of that amount paid as tax.

This unique tax structure may have made it even easier for PlanB to make his decision—but whether this ETF move proves to be a smart long-term play remains to be seen.

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Margharet Tess

Editor, Developer at Cryptheory Labs

I have been active in the cryptocurrency world for over 6 years, during which I have written countless articles about this sector. What fascinates me most about cryptocurrencies is their technological aspect and the problems they aim to solve. In the past three years, I have ventured into app development and am currently working on a larger project called P2E Buzzer. Stay tuned for the surprise. 🙂 My previous experiences: Business2Community.com, TradingPlatforms.com

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