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 switch๐
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.
People are always talking about institutions coming into the crypto market.
Here are a few data points that seem to prove it is happening ๐๐ผ
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.
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.
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.