Blog categorized as Digital Assets & Cryptocurrency
The Bitcoin community is currently debating the size limits of the OP_RETURN field, used for embedding non-financial data. Some are advocating for expansion and others for restriction, citing Bitcoin's core purpose. A failure to reach consensus on OP_RETURN could lead to a hard fork.
Bitcoin's primary design is not for everyday retail spending but as a robust, peer-to-peer system for significant value transfer and a secure settlement layer, akin to "digital gold," making its base-layer transaction speed less critical than often perceived.
Bitcoin offers potential for high growth, diversification, and inflation protection, making it a compelling addition to a well-balanced investment portfolio for those who can manage its volatility.
Different platforms, such as crypto exchanges, broker-dealer accounts, and retirement accounts, offer unique ways to buy Bitcoin, each with its own benefits and drawbacks. Understanding trading fees, custody options, and security features is key to making an informed investment decision.
There are some common misconceptions and inaccuracies about Bitcoin. With a balanced and factual approach it's possible to get a clearer understanding of Bitcoin's potential as a legitimate investment asset.
In a digital era brimming with promises and uncertainties, the question lingers: Is investing in cryptocurrencies a game-changing opportunity or a perilous leap into the unknown?
Crypto has made a big impact on investing, but it’s important to consider some of its pitfalls before jumping in.
You've decided to purchase crypto. Where do you keep it? How do you choose a wallet?
Wondering how to get started with purchasing crypto? Here's an overview of how to make your first purchase of cryptocurrency.
Cryptocurrencies are considered property. Here are some common digital asset situations that create a tax liability.