Price heard about the crypto IRA from a friend and decided to give
Price heard about the crypto IRA from a friend and decided to give it a try after learning that assets are held by a custodian and investors can check, verify and track their digital holdings. This time he would hold his crypto assets for the long term. “I have a longer runway. My approach might be different if I was closer to retirement. If I was in my 50’s I might look at it differently than now in my late 30’s. If it doesn’t work out, I have many solid years left to save. It won’t be ruini...
Price heard about the crypto IRA from a friend and decided to give
Price heard about the crypto IRA from a friend and decided to give it a try after learning that assets are held by a custodian and investors can check, verify and track their digital holdings. This time he would hold his crypto assets for the long term. “I have a longer runway. My approach might be different if I was closer to retirement. If I was in my 50’s I might look at it differently than now in my late 30’s. If it doesn’t work out, I have many solid years left to save. It won’t be ruini...
As interest in crypto has stirred anew, some long-term investors
As interest in crypto has stirred anew, some long-term investors have chosen to invest in digital assets through an instrument that provides tax advantages — a self-directed Individual Retirement Account (IRA). Interviews by Cointelegraph with people who have opened crypto IRAs suggest they have attracted both sophisticated veterans who have made millions in cryptocurrency, as well as those who may not have profited greatly so far — but who still have faith in the future. The IRAs have also a...
As interest in crypto has stirred anew, some long-term investors
As interest in crypto has stirred anew, some long-term investors have chosen to invest in digital assets through an instrument that provides tax advantages — a self-directed Individual Retirement Account (IRA). Interviews by Cointelegraph with people who have opened crypto IRAs suggest they have attracted both sophisticated veterans who have made millions in cryptocurrency, as well as those who may not have profited greatly so far — but who still have faith in the future. The IRAs have also a...
The second destructive outcome comes from the outside
The second destructive outcome comes from the outside. The crypto ecosystem is growing faster than any technology in the modern era, yet most people in the United States, and the world, are not involved. If they’re introduced to cryptocurrency by media outlets like Fox News or MSNBC — two networks focused almost entirely on politics — they will only see digital currency matters through an ideological lens. If the general public is corrupted before it fully comprehends the benefits of the tech...
The second destructive outcome comes from the outside
The second destructive outcome comes from the outside. The crypto ecosystem is growing faster than any technology in the modern era, yet most people in the United States, and the world, are not involved. If they’re introduced to cryptocurrency by media outlets like Fox News or MSNBC — two networks focused almost entirely on politics — they will only see digital currency matters through an ideological lens. If the general public is corrupted before it fully comprehends the benefits of the tech...
If right-vs.-left thinking infiltrates the crypto trading community,
If right-vs.-left thinking infiltrates the crypto trading community, which it’s already starting to do, and Republicans become pro-crypto while Democrats identify as anti-crypto, the politically agnostic nature of the community could begin to fray and disintegrate. On social media, just about any cryptocurrency room on Clubhouse represents a multitude of demographics. There’s some semblance of unanimity, and, to an extent, everyone gets along. There are certainly heated debates, but they revo...
If right-vs.-left thinking infiltrates the crypto trading community,
If right-vs.-left thinking infiltrates the crypto trading community, which it’s already starting to do, and Republicans become pro-crypto while Democrats identify as anti-crypto, the politically agnostic nature of the community could begin to fray and disintegrate. On social media, just about any cryptocurrency room on Clubhouse represents a multitude of demographics. There’s some semblance of unanimity, and, to an extent, everyone gets along. There are certainly heated debates, but they revo...
Moderates would also ensure that fraud, never-ending market volatility
Moderates would also ensure that fraud, never-ending market volatility and investor manipulation couldn’t become long-term normative behaviors. Sooner or later, a U.S. president will receive meaningful legislation that properly defines cryptocurrency, assigns federal regulatory jurisdiction, implements common-sense fraud controls and helps stabilize the market. A semi-informed public is demanding it. Institutional investors, which are the largest political donors, expect it and industry compe...
Moderates would also ensure that fraud, never-ending market volatility
Moderates would also ensure that fraud, never-ending market volatility and investor manipulation couldn’t become long-term normative behaviors. Sooner or later, a U.S. president will receive meaningful legislation that properly defines cryptocurrency, assigns federal regulatory jurisdiction, implements common-sense fraud controls and helps stabilize the market. A semi-informed public is demanding it. Institutional investors, which are the largest political donors, expect it and industry compe...
