"Since we launched Gold on our platform, most of the clients I speak to are moving funds from gold ETFs to fund their accounts. A common theme is a complete loss of trust in government and Wall Street." -Blake Skadron, Chief Operating Officer of iTrustCapital
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.
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.
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
"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.
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, ....
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
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 ....