Pomp ๐ŸŒช Profile picture
Mar 3 โ€ข 7 tweets โ€ข 3 min read
PSA: You may have more dry powder than you think.

If you are reading this, odds are good that you are one of 20M+ Americans who left behind an old 401(k) after a job switch๐Ÿ‘‡
1/ If you switched jobs in the last 5 years, it's worth hunting down your abandoned account.

Investors like Warren Buffet and other billionaires put as much money as possible into retirement accounts, so they pay less taxes on their investments.

2/ If you think you might be one of the 20M+ with an abandoned account, my friends at @choicebykt have a team that can help you hunt it down for free (a perk of being a client).
3/ And while most retirement providers limit what you're allowed to invest in, @choicebykt enables you to invest in bitcoin, crypto, alternative and traditional assets in a single retirement account.

So if you're a bitcoiner looking for some dry powder, check out @choicebykt
4/ To summarize:

1. You could have dry powder in an old 401(k) & @choicebykt will help you find it

2. You pay less taxes on investments in a retirement account

3. @choicebykt enables you to buy bitcoin in your IRA
5/ The best part for bitcoiners?

@choicebykt enables you to hold your private keys, while still getting the tax benefits.

So what are you waiting for?

use.choiceapp.io/pomp
6/6 I use @choicebyKT for my own retirement account and love the product so much that they became a podcast sponsor too.

Check them out in case it catches on :)

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More from @APompliano

Feb 5
People are always talking about institutions coming into the crypto market.

Here are a few data points that seem to prove it is happening ๐Ÿ‘‡๐Ÿผ
There is a recent report out from LMAX Digital, who only serves institutional clients.

The company saw 10x increase in volumes last year and now are one of largest bitcoin spot exchanges.

All institutions. Image
The report from LMAX and Arcane Research says that asset managers and banks will account for the majority of trading volumes over the next three years.

They call out that new infrastructure must be built to handle these clients. Image
Read 7 tweets
Jan 31
Some of the most important professional work that I'll do this year is help thousands of people get a job in the bitcoin and crypto industry.

We need the best people in order to push everything forward.

Here are 7 examples of open roles you can apply to ๐Ÿ‘‡๐Ÿผ
Position: Global Data Analyst
Company: @BitMEX
Location: Remote

pompcryptojobs.com/job/6370/globaโ€ฆ
Position: Bitcoin Engineer
Company: @spiralbtc
Location: Remote

pompcryptojobs.com/job/6603/bitcoโ€ฆ
Read 10 tweets
Jan 25
๐Ÿšจ Help Us Give Away 1 Billion Sats ๐Ÿšจ

Savings in America is broken and @choicebykt is fixing it. Starting with free bitcoin to save, even if you aren't ready to save yet.

Meet Blinko.

Spread the word (๐Ÿ”) to drive Blinko prizes 1,000x and help us fix the savings crisis.
For every 10 retweets on the first tweet in this thread, @choicebykt will increase Blinko prizes up to 1,000x for the next 24 hours

20 retweets = 2x
30 retweets = 3x
...
1,000 retweets = 100x
10,000 retweets = 1,000x

That would make the max Blinko prize 500,000 sats ๐Ÿ‘€
If you don't already use Choice App, get started here

TRY IT FOR FREE: use.choiceapp.io/pomp
Read 5 tweets
Jan 2
I spend 3 hours a day creating content.

It drives everything I do, from building companies and products to investing in other founders.

Here is how it went in 2021 ๐Ÿ‘‡๐Ÿผ
The Pomp Letter is a daily letter to investors about business, investing, economics, and bitcoin.

These letters were viewed more than 13.5 MILLION times throughout 2021.

Readers include everyone from billionaires to retail investors.

Subscribe: pompletter.com
The Pomp Podcast is full of conversations where I learn from the world's best entrepreneurs and investors.

It was downloaded just under 15 MILLION times in 2021.

You can subscribe here: podcasts.apple.com/us/podcast/theโ€ฆ
Read 6 tweets
Dec 18, 2021
I recently talked with legendary investor @kevinolearytv about the potential for new institutional money to flow into Bitcoin and the world of crypto.
Mr. Wonderful has been diving down the rabbit hole, and we talked about Bitcoin mining, NFTs, and how regulations are keeping lots of institutions on the sidelines.
@kevinolearytv talked about working with regulators and his own compliance team to take advantage of fixed-rate crypto yields for the first time.
Read 7 tweets
Dec 16, 2021
Want to know what wealth hack Peter Thiel, Warren Buffet, and Mitt Romney all have in common?

They all have $20M+ tax-free investment accounts.

Here's how ๐Ÿ‘‡
When you invest on an exchange (like Coinbase) or in a brokerage account (like Robinhood), you have to pay capital gains taxes when you sell or trade.

Capital gains taxes can range from 15% all the way up to 37% depending on how long you've held the asset and your income.
Let's assume you bought 1 bitcoin in March of 2020 for $5,000 and sold it last week for $50,000.

That's a $45,000 gain -- not too bad.

However, if you made that trade on an exchange like Coinbase, you would owe $6,750 in capital gains taxes.
Read 10 tweets

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