Blog tagged as Cryptocurrency

Universal Wallet Accounting is Coming to an End. What Does That Mean?

11/22/2024 09:31 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)
Universal Wallet Accounting is Coming to an End. What Does That Mean?
The IRS is ending universal wallet accounting for cryptocurrencies starting January 1, 2025, requiring investors to report transactions on an account-by-account basis, which necessitates more precise tracking and strategic tax planning.

Economic and Financial Planning Implications of President Trump's Second Term

11/08/2024 11:33 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)
Economic and Financial Planning Implications of President Trump's Second Term
The re-election of President Trump is expected to bring substantial changes to tax policies, trade, and cryptocurrency regulations, all of which will influence market volatility, interest rates, and financial planning strategies.

Understanding and Navigating the Recent Market Volatility

08/07/2024 03:37 PM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)
Understanding and Navigating the Recent Market Volatility
Recent market volatility, driven by factors such as mixed economic data, geopolitical tensions, and interest rate speculations, highlights the importance of long-term investment strategies and seeking professional financial guidance.

5 Things You Need to Know About Self-Directed IRAs

07/30/2024 06:24 PM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)
5 Things You Need to Know About Self-Directed IRAs
A self-directed IRA (SDIRA) offers greater investment flexibility, allowing for alternative assets like real estate and precious metals, but requires a higher level of responsibility and understanding of associated rules and fees.

The Many Misconceptions About Bitcoin

06/27/2024 11:12 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)
The Many Misconceptions About Bitcoin
There are some common misconceptions and inaccuracies about Bitcoin. With a balanced and factual approach it's possible to get a clearer understanding of Bitcoin's potential as a legitimate investment asset.

Bitcoin Runes: Exploring the Future of Digital Assets on the Bitcoin Network

06/06/2024 02:52 PM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)
Bitcoin Runes: Exploring the Future of Digital Assets on the Bitcoin Network
The innovation of Bitcoin Runes offers significant potential for various applications, from digital art to real estate, while presenting both opportunities and challenges in the evolving digital asset landscape.

The Bitcoin Halving is Coming

11/21/2023 06:55 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)
The Bitcoin Halving is Coming
The Bitcoin Halving is only months away now. Here's an explanation of what it is, why it happens, and the benefits it brings.
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