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.
According to our (iTrustCapital) data, millions of Americans want to invest in cryptocurrencies and other alternative assets like gold and real estate, but don’t because the process is too expensive and complicated with existing services.
By CCN: An international tax evasion authority comprising five major global economic powers is taking cryptocurrency seriously. A year ago, five world powers created the Joint Chiefs of Global Tax Enforcement, or J5, with a particular interest in cryptocurrencies. The J5 Group including tax authorities… ...There are legal ways to pay lower taxes on cryptocurrency trading. These are called “tax avoidance.” One is the use of an IRA in the United States for crypto trading
There are a lot of mistruths and omission-riddled conversations, passing as facts on the internet. Even with this misinformation, the crypto world should applaud itself for facilitating the birth and growth of its markets.
iTrustCapital says it is offering a new type of platform where users can easily set up an individual retirement account, fund it and use it to begin trading cryptocurrencies — with precious metals to be added soon. This provides a “safe, affordable, and efficient alternative” to existing Self-Directed IRAs, all while keeping the client in full IRS compliance.
iTrustCapital, a Digital Asset trading platform for alternative assets in retirement accounts, announces new blockchain-based service to deliver a revolutionary new product for precious metals investors.
September 24, 2019 https://finance.yahoo.com/news/itrustcapital-appoints-pimco-veteran-rich-130000253.html LOS ANGELES, Sept. 24, 2019 /PRNewswire/ -- iTrustCapital, a Digital Asset trading platform that lets investors buy and sell cryptocurrencies and physical gold within U.S. retirement accounts, appoints FinTech veteran Rich Hauschild as CTO. Rich ....