What is a Self-Directed IRA?
Disclaimer: We are not licensed tax experts. This is for informational purposes only. You should consult your own financial advisor before making any investment decisions. This article discusses how you can invest in crypto tax-free using a self directed IRA or solo 401K. Traditional IRAs or 401k’s, limit what you can invest in. Typically, they […]
Paying Taxes on Crypto Gains
Disclaimer: We are not licensed tax experts. This is for informational purposes only. You should consult your own tax advisors before making any investments. Just like a traditional savings account, any interest earned from a high yield crypto earning account is considered taxable income by the IRS and must be reported on your tax return. […]
High-Yield Crypto Savings Accounts
For the most part, cryptocurrency-backed earning accounts function similarly to traditional savings accounts. You deposit your funds in the account, and the institution lends it to investors. In exchange, you earn interest on your balance. In this case, however, the funds you deposit are stablecoins such as USDC or UST. Compared with traditional savings accounts, […]
How Inflation is Losing You Money RIGHT NOW!
You are losing money if your money is in a traditional savings account. The reason for this is inflation. Inflation decreases the purchasing power of your money. Take a 70’s Mcdonald’s menu, for example. In the 1970’s, a Big Mac was 65 cents. Compare that with today’s Big Mac which is $3.99. That’s over six […]
What is a Stable Coin?
For investors interested in gaining exposure to cryptocurrency but are worried about volatility, stablecoins are the answer. While cryptocurrencies such as Bitcoin and Ethereum have disrupted the way many investors think about money, traditional investors may opt to steer clear as prices can change drastically from one moment to the next. Stablecoins, on the other […]
What is Crypto?
Crypto is a term that comes from the word cryptography which is the art of writing or solving codes. The earliest known use of cryptography goes all the way back to ancient Egypt in 1900 BC with stone carvings of hidden coded text. Cryptocurrency is digital money created from code and uses an online ledger […]