The Chinese are Transferring $50B in Crypto – Can Americans do Likewise?

By |October 5th, 2020|Categories: Blog, Economics / Politics, Life, Personal Finance Tips|Tags: |

Are cryptocurrencies the new international tax haven? If you are a Chinese citizen caught in the middle of the American-Sino trade war launched by President Trump in 2017, the answer might be yes. Since 2019, Chinese citizens have digitally spirited over $50 billion in cryptocurrencies out of China into international financial havens via cryptocurrency exchanges. Considering that China is an

Can You Put Cryptocurrency in Your IRA?

By |May 3rd, 2018|Categories: Personal Finance Tips|Tags: , , , , |

How’s your 401(k) or IRA doing? A typical 401(k) plan returns from 5% to 8% based on a portfolio of 60% stocks and 40% bonds and other conservative investments. If your retirement plan is not meeting expectations, you may be tempted by the high returns of cryptocurrencies like Bitcoin – but should you be wary of incorporating cryptocurrency into your account?

Comments Off on Can You Put Cryptocurrency in Your IRA?