Austin

city
Trusted third party

The US bitcoin industry's Texas hub — mining and energy companies, open-source developers, and the Bitcoin Park Austin campus on Congress Avenue hosting BitDevs and monthly clubs. It is a place to work in bitcoin more than spend it; merchant acceptance is sparse. Costs run high for Texas after a decade of tech migration.

On the ground

  • Acceptance: sparse; a few accepting venues despite the heavy industry presence
  • Cost: No state income tax, but housing costs have roughly doubled over the last decade.
  • Last updated: 2026-06-12

The legal layer: United States

Crypto is taxed as property: long-term gains (held over 1 year) at 0/15/20% plus a possible 3.8% net investment income tax, short-term gains at ordinary rates up to 37%, plus state taxes. Brokers began issuing Form 1099-DA for 2025 transactions, with cost-basis reporting from 2026.

Full United States breakdown →