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It’s also the only way for most to get crypto exposure in an IRA. Avoiding the insanity that is crypto tax filings may be worth the risks and fees.
by koolba 3y ago
It’s also the only way for most to get crypto exposure in an IRA. Avoiding the insanity that is crypto tax filings may be worth the risks and fees.
- Alupis 3y agoI think this is the huge part - letting retirement accounts dabble in crypto. For those young enough (or foolish enough) to operate a high-risk/high-growth retirement portfolio, holding crypto can be a large boon. Just the past 365 days of BTC has 162% increase in value.
- wmf 3y agoBuying and holding crypto isn't that complex for tax purposes (although it could still be easier). The craziness comes in when people get into DeFi but ETFs don't let you do that anyway.