10 Mar iTrustCapital Reports 280% Increase in Accounts, Fueled by Tax-Savvy Cryptocurrency Inve…
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LOS ANGELES, March 9, 2020 /PRNewswire/ — IRA investment platform iTrustCapital reports a massive 3X increase in sign-ups from January to February, as seasoned cryptocurrency investors flock to its low-cost platform.
iTrustCapital executives identified two main reasons for this increase. First, cryptocurrency investors may be taking positions in advance of a potential bull run driven by institutional adoption of XRP technology, Bitcoin’s halving event, and economic uncertainty. Second, awareness of the ease of use and low cost of its platform within the cryptocurrency community is bringing new investors who otherwise would not use Self Directed IRAs.
The tax advantages of investing cryptocurrencies within IRAs are obvious. Investors keep more of their profits.
“If you make a $10,000 investment that grows to $100,000, investors may have to give one-third to one-half of that $90,000 of profit to the state and federal government,” says Tim Shaler,…
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