“Buy $21,000 of bitcoin and wait 3-6 years.”
end of article.
Discussion
The advantage these have is that they’re tax-free. Realise your bitcoin for fiat and you’ll have tax to pay.
for now…
I’m waiting for CGT to go away
and even if they don’t in my lifetime, I’d rather hold bitcoin than fiat wrapped in an account at my bank
but don’t get me wrong; I have an RESP for my infant son holding some MSTR and MTPLF
but for my long-term SoV, I keep corn and I keep it cold
Same - it’s why I hate the term “cryptoasset” when really it should be a currency that attracts no CGT. In the UK, we have stocks and shares ISAs (the same thing as tax-free wrappers as TFSAs). I do use them and can mess about with their focus to hit a 15% CAGR and not have to worry about tax - kinda my day to day spending fiat at the mo). But most is in corn cold storage.