cryptocurrency

The best way to demystify cryptocurrencies for new investors is to explain the vocabulary around it. Because cryptocurrency represents a new asset class (Bitcoin was created in 2009), most investors who are new to the space will need a primer in its basic terms.

In the U.S. alone, approximately one in six (16%) of U.S. adults have engaged with cryptocurrency in some form, such as investing, trading, or using it for transactions. That is more than 8X the ownership that existed in 2018. Young and middle-aged adults are the most likely to invest, with 25% of those under 50 now owning crypto compared to just 7% of people over 50. Millennials show strikingly higher ownership rates, with approximately one in four (26%) of millennials now holding Bitcoin.

This is an absolutely astounding rate of adoption for an asset that is only 15 years old! [Read more…] about 15 Cryptocurrency Terms Every Investor Should Know 

Did you know that the first Bitcoin transaction was made in 2010, when a Florida man bought two pizzas using the now infamous cryptocurrency?

At the time, two pizzas cost 10,000 Bitcoins. Today, that amount of Bitcoin is worth upwards of $80 million.

This now legendary transaction is a perfect illustration of how the value of Bitcoin has skyrocketed since its inception and answers the question, “Why is cryptocurrency popular?”

By now just about everyone’s heard of Bitcoin, but what are the other most popular cryptocurrencies? Let’s take a look. [Read more…] about The Ultimate Guide to the Most Popular Cryptocurrencies

Trying to understand cryptocurrency taxes and how the IRS will treat your Bitcoin, Ethereum, and Litecoin? You’re far from alone.

If you have been following the investment news in recent months, it may have been hard to ignore cryptocurrency’s rise and fall in popularity. [Read more…] about Cryptocurrency Taxes: How the IRS is Taxing Digital Currencies in 2023