Scenes of disgraced FTX founder Sam Bankman-Fried in the courtroom this month have brought the dangers of investing in cryptocurrencies to the forefront of public consciousness again. Yet not all digital assets are alike, nor are they equal in value, and for some, greater institutional adoption is bringing legitimacy. One of America’s largest asset management […]
An estimated 16% of Americans have owned cryptocurrencies such as Bitcoin, primarily in online brokerage accounts and apps, according to a 2021 Pew Research Center survey. But until recently, cryptocurrencies have not been available to employees through retirement plans offered by their employers, limiting their adoption. Fidelity Investments announced an offering in April 2022 that […]
Do you own Bitcoin, Ethereum, or NFTs? A financial advisor specializing in cryptocurrencies and non-fungible tokens (NFTs) can help you make smarter money moves with these digital assets. You’ll likely find dozens of financial advisors in your community well-suited to help you reach your money goals with a personalized plan. But it may be more […]
Question: What are the safest ways to invest in digital assets like NFTs and cryptocurrencies to avoid scams? David: This is a great question. The safest way to invest in the digital asset ecosystem is to store all digital assets in cold storage on a personal wallet (e.g., Ledger, Trezor). The common adage, “not your […]
Cryptocurrencies retreated in price recently. Coins like Bitcoin and Ether are in sharp drawdowns after years of stellar returns. Individuals are left wondering what to do with their holdings—sell now or continue to ‘hold on for dear life. (HODL)’ There’s a tax-savvy way to go about managing a portfolio of digital assets. Capital Loss Deduction […]
In a recent Harris Poll that asked Americans about their financial priorities, consumers ranked learning about cryptocurrency second only to the topic of retirement planning. But does your financial advisor know how to answer your crypto questions? Fortunately, a growing number of financial advisors have earned advanced designations to demonstrate their knowledge and commitment to […]
According to a recent Federal Trade Commission (FTC) report, consumers lost $139 million in cryptocurrencies in 2021 through scams conducted across numerous online dating sites, five times the level of prior year losses. As ownership of cryptocurrencies like Bitcoin and Ethereum increases among consumers, scams like these will continue to proliferate, putting your digital assets […]
The Certificate in Blockchain and Digital Assets (CBDA) is a designation awarded by the Digital Assets Council of Financial Professionals (DACFP) and the New York Institute of Finance (NYIF). The Certificate is earned by financial professionals who are interested in and passionate about learning about the growing fields of blockchain, cryptocurrencies, non-fungible tokens (NFTs), and […]
Real estate has always been categorically classified as a good investment because it is backed by a tangible asset and it appreciates in value over time. It is no different in the metaverse where the market for virtual real estate is exploding. As specialized website NFTEvening puts it, you can build 3D environments, create avatars, […]