“Some people are afraid the upcoming ‘halving event’ will be bad for Bitcoin. We believe that fear is misplaced. Thus, to the extent the potential bad event was feared but does NOT come to pass, BTC prices might rally. BTC prices might rally because people currently afraid of the halving event might enter the BTC market after the halving event does not disrupt the BTC market.”
In a recent survey conducted by iTrust Capital, consumers are most likely to spend the money on rent, groceries, or save it for an emergency.
As decentralization trends in the market grow, expect to see more innovation. For example, iTrustCapital allows people to invest gold and digital assets into a compliant, tax-advantaged and low-cost IRA. For the first time, investors can get exposure to new asset classes in a traditional retirement account.
Someone who has the time and commitment to learn and understand other asset classes like real estate, gold or digital coins "can add those to her investment portfolio and also research which actively managed international and domestic stock funds are good to buy," says Tim Shaler
The March market sell-off threw us into a bear market after the longest bull market in history. With the economic downturn, investors might be wondering if they have the best investment strategy implemented for their portfolio.
We are also starting to see the impact of recent layoffs, as the percentage of rollovers from past employee plans is spiking as new clients now have the ability to rollover their retirement plans into an IRA. Unfortunately, based on our modeling, we expect this trend to continue for quite some time due to the economic downturn.
The US might be tempted to depreciate USD when new debt has to be repaid – iTrustCapital “If the US continues to borrow and print new currency for an extended amount of time, whether to get us through this current crisis or the next one, then gold could approach its all-time high value in US dollar terms.”
From Coindesk article March 27, 2020. The Fed’s trillions could eventually lead to higher inflation. There also might be a renewed outcry that such money injections merely bail out bankers and rich people, with few of the benefits going to the middle or lower classes.
“Eventually we're going to get past this crisis,” said Tim Shaler, a former portfolio manager at the bond fund Pimco who now serves as chief economist for iTrust Capital, which allows clients to buy cryptocurrencies and physical gold through their retirement accounts.
People don’t know how the virus is going to spread or how long government lockdowns are going to remain in place, they are hoarding. In financial markets, investors are hoarding cash. “When this crisis ends – and it will end; it’s just a matter of when – all this hoarding will lead to inflation,” Tim Shaler, iTrustCapital
Tim Shaler, the Chief Economist at iTrustCapital believes, “Investment product prices are driven by investors' demand for future returns for that particular product, which is a function of the overall economy and the possible returns from other products.”
One of the early and leading providers in this relatively new space is iTrustCapital, a proprietary online trading platform with a focus on educating investors throughout the investing process, along with providing them with the benefits of trading cryptocurrency within an IRA.
How Do You Maximize the Benefits of Cryptocurrency While Avoiding Near-Term Tax? Consider a Self-Directed IRA
“We are regularly amazed at the number of people who are unaware of the benefits of IRAs,” said CEO Todd Southwick. “It’s not just those in their 20’s and 30’s but across all age groups when it comes to the lack of knowledge of the incredible tax benefits offered by investing through IRAs.”
From Coindesk article March 12, 2020. Those answering “cash in a mattress” as a safe haven jumped from 18 percent of respondents in February to almost 27 percent by March 11. “Gold” as an answer fell from 37 percent to 33 percent during that same period
A recent survey conducted by iTrustCapital, a firm that offers cryptocurrency investments in retirement accounts, highlights how safe-haven tendencies have changed since the end of last month.
"I believe cryptocurrency investors realize how much they will owe in taxes if some of the predictions of future values prove true and are taking steps now to reduce their future tax liabilities in anticipation," said Blake Skadron, Chief Operating Officer, iTrustCapital.
The cryptocurrency trading platform iTrustCapital conducted its own research to find out in which asset people of different generations are willing to invest during pandemics and epidemics.
According to a survey conducted by iTrustCapital to find out what investment vehicles investors feel is the best bet during the coronavirus outbreak, a large number of millennials chose bitcoin and other blockchain-based digital assets.
March 2, 2020 LOS ANGELES, March 2, 2020 (Newswire.com) - iTrustCapital, a trading platform for cryptocurrencies and physical gold in retirement accounts, conducted a survey asking respondents what asset they felt was the best investment during ....
February 20, 2020 https://money.yahoo.com/itrustcapital-reports-xrp-top-volume-225000313.html LOS ANGELES, Feb. 20, 2020 /PRNewswire/ -- January trading activity for XRP was higher than all other assets according to iTrustCapital, a trading platform for cryptocurrencies and physical gold in retirement accounts. XRP, the ....
Exclusive analysis by ITrustCapital's Murphy McCann: "The world of crypto banking is different from your traditional bank."
Pickup from original Coindesk article February 11, 2020.
From Coindesk article February 11, 2020 “We believe one of the key drivers over the past five weeks or so of the rapid rise of BTC/USD may have been the threat of war with Iran,” Tim Shaler, iTrustCapital
The sentiment of "BTC as a safe haven asset" continues to hold water as major world events such as last month’s debacle with Iran and the U.S. helped drive prices higher, according to Tim Shaler, chief economist and professional trader at iTrustCapital.
“Customers can log into their account and they can self-trade 24 hours a day seven days a week,” Says Blake Skadron COO of iTrustCapital. “We don’t employ salesmen and we don’t give investment advice.” He faults some other crypto and gold IRA providers for hiring a sales force to market their accounts and make claims about the value of the investment even though they are not financial advisers.