Dave Portnoy, founder and owner of Barstool Sports, has recommended that investors focus on bitcoin for their crypto investments. “I’ve learned that the hard way,” he said, reflecting on lessons from his past crypto investing experiences. Portnoy recently declared his intention to purchase more bitcoin if its price declines substantially. Barstool’s Dave Portnoy Offers Crypto…
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Crypto investors from the United States realized nearly $47 billion in gains during 2021, outpacing the U.K. by a factor of six. Crypto investors from the United States realized crypto gains nearly six times higher in total than the United Kingdom, the second-highest country in terms of realized gains. According to a report by Chainalysis,…
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Panelists at the Blockchain Africa Conference 2022 discuss the significant potential of cryptocurrency institutional investment while highlighting the challenges it still faces. During the 8th edition of the Blockchain Africa Conference 2022, Cointelegraph’s editor-in-chief Kristina Lucrezia Cornèr moderated a virtual panel titled “Cryptocurrency Institutional Investment: Increasing Returns and Improving Diversification.” Panelists Kalin Metodiev, co-founder and managing…
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Cryptocurrencies and NFTs are viewed differently than other investments by the IRS, making for a complex tax landscape. How can I simplify the tax submission process for myself or my CPA? Specialized cryptocurrency tax software enables users to generate a crypto tax report for their country, oftentimes generating Form 8949 alongside other files for e-file…
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Triple and quadruple-digit cryptocurrency earnings might be possible in any market with a little strategy and some analysis. With news of early adopters retiring millionaires, and newbies making a 300% profit or more on their cryptocurrency holdings, investing in digital assets is seen by many as a lucrative opportunity. That said, cryptocurrency continues to exist…
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Switzerland’s largest bank, UBS, has suggested some investment strategies for investors seeking to gain exposure to crypto assets with less risk than investing directly in bitcoin, ether, or other cryptocurrencies. “There are several main ways investors can access this potential while avoiding the high volatility and regulatory risks of holding bitcoin or rival cryptos,” the…
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