Can “peace of mind” be acquired with Bitcoin? Due to my role and background, I receive periodic inquiries with these “cashless society” type of questions. Bitcoin is a hot topic in today’s newspapers, and a source of questions. What does a Bitcoin look like? Or what is a Bitcoin? Etc.
The short answer, Bitcoin is a “digital currency”. I do not consider Bitcoin an investment (an investment as defined by something that can generate a return). Bitcoin is more like gold, or an antique, that you buy and hold in a speculative manner, till it raises (or lowers) in value. Gains and losses are taxed as capital gains/losses. To learn more about it, read the recent article by Mike Sorrentino, Chief Investment officer at Global Financial Private Capital.
To link to the entire newsletter, click here.
Ready To Take The Next Step?
For more information about any of our products and services, schedule a meeting today or register to attend a seminar.
