RichQuack Profile picture
Mar 3, 2023 9 tweets 4 min read Read on X
The world of #finance is rapidly changing, and crypto is leading the way. In this thread, we'll explore why advisors must learn about #crypto or risk losing their clients. $QUACK #financialadvisor #Cryptos #BTCUSD #Bitcoin2023 #bitcoinprice
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1/7 Why advisors need to learn about crypto: As the demand for crypto assets and services continues to grow, advisors who are not knowledgeable about the space risk losing clients to competitors who are. $QUACK
2/7 The rise of crypto: The crypto market has seen significant growth in recent years, and this trend is expected to continue. Advisors who ignore this growing market risk missing out on significant opportunities. $QUACK
3/7 Clients are seeking crypto expertise: Many clients are seeking advisors who can help them navigate the crypto market and make informed investment decisions. Advisors who are not knowledgeable about crypto may struggle to meet these needs. $QUACK
4/7 #Diversification benefits: Adding crypto to a portfolio can bring diversification benefits and help reduce risk. Advisors who understand crypto can help clients make informed decisions about incorporating it into their portfolios. $QUACK
5/7 Keeping up with the competition: Advisors who are knowledgeable about crypto will have a competitive advantage over those who are not. $QUACK
6/7 The future of finance: Crypto is becoming an increasingly important part of the financial landscape, and advisors who ignore this trend risk being left behind. $QUACK
7/7 Embrace the change: The world of finance is rapidly changing, and crypto is leading the way. Advisors who embrace this change and invest time and effort in learning about crypto will be well-positioned for success in the future. $QUACK
Advisors, it's time to take crypto seriously. The demand for crypto assets & services is growing, and clients are seeking advisors who can help them navigate this exciting new space. Learn about crypto or risk losing your clients! 💰 #CryptoAdvisors #FinancialAdvisors $QUACK

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More from @RichQuack

Jun 4, 2023
1/7 🔓 Atomic Wallet, a noncustodial-decentralized wallet app, has been exploited, leading to users on Twitter reporting complete losses of their crypto portfolios. #AtomicWallet #CryptoNews $QUACK #RichQUACK #bitcoin Image
2/7 📢 The Atomic Wallet team announced on Twitter on June 3 that they received reports of wallets being compromised and were investigating the situation. $QUACK #RichQUACK
3/7 🕵️ On-chain investigator, ZachBTX, known for tracing stolen funds, has joined the investigation, though the method of attack remains unclear.

😲 $35M Funds Stolen OMG! $QUACK #RichQUACK
Read 7 tweets
Jun 3, 2023
📜 New US legislation could set out crypto pathway from security status to commodity.

This will clarify & make consistent the regulatory landscape of cryptocurrencies. Bullish?
Thread🧵by $QUACK #RichQUACK
#Cryptocurrency #DigitalAssets #Decentralization #CryptoNews Image
1/6 🏛️ The bill facilitates discussions between Republicans, Democrats, the Senate, regulators, & the private sector on market structure reforms, addressing needs & concerns of various stakeholders $QUACK #RichQUACK
2/6 📊 Criteria for a network to be considered decentralized have been defined in the proposed legislation, including the absence of unilateral authority or substantial ownership by a token issuer or affiliated person. $QUACK #RichQUACK
Read 7 tweets
Mar 17, 2023
1/ 📚 Welcome to the world of crypto slang! In this thread, we'll dive into the most popular terms and phrases used in the #crypto community. Buckle up, and let's get started! #CryptoLingo $QUACK
2/ 🤗 HODL: A misspelling of "hold" that became a popular term in the crypto world. It means to hold onto your cryptocurrencies rather than selling them, even during market fluctuations. Stay strong, HODLers! 💪 #HODL $QUACK
3/ 😱 FOMO: Fear Of Missing Out. This term describes the anxiety people feel when they see others profiting from an investment or trade, making them want to jump on the bandwagon. Remember, always do your research before investing! 🧐 #FOMO $QUACK
Read 11 tweets
Mar 16, 2023
🚀🌕 5 Hilarious Ways #Crypto and @Twitter are Intertwined! #CryptoTwitter @elonmusk #RichQUACK $QUACK

A Thread 👇
@Twitter @elonmusk 1/ 🤖 AI-powered Crypto: Did you know crypto trading bots are now programmed to invest based on @elonmusk's tweets? Just kidding (or am I?)! It seems like the crypto market dances to the tune of the Technoking's tweets. 💃 #Cryptonomicon $QUACK
@Twitter @elonmusk 2/ 💬 Meme Magic: Remember when #DogeCoin went to the moon? 🌕 One tweet from @elonmusk and it skyrocketed! The power of memes and Twitter's undying love for them keeps the crypto world laughing and trading. 🚀🐶 #DogeToTheMoon $QUACK
Read 7 tweets
Mar 16, 2023
1/ 🧵 Demystifying Crypto Taxes: An Introduction to Taxable Events, Calculations, Record-Keeping, Strategies, and Pitfalls. A thread to help you navigate the world of #cryptocurrency taxation $QUACK #RichQUACK #CryptoTwitter 👇
2/ 💰 Tax treatment of cryptocurrencies: Tax authorities worldwide treat cryptocurrencies as property, not currency, meaning you're taxed based on capital gains/losses when you sell, trade, or use them. Each jurisdiction has its specific tax regulations. $QUACK 🌍
3/ 📈 Common taxable events:
a) Trading crypto-to-crypto or crypto-to-fiat
b) Selling crypto for goods/services
c) Earning crypto from mining, staking, or other activities
d) Receiving crypto as income (e.g., salary or freelance work)
$QUACK
Read 11 tweets
Mar 15, 2023
🚀Unlocking Success: Dive into the key takeaways from "The 7 Habits of Highly Effective People" by Stephen R. Covey—a holistic approach to personal & professional effectiveness. #RichQUACK $QUACK

A thread👇 Image
Habit 1: Be Proactive 🎯
➡️Focus on what you can control & take responsibility for your actions. Empower yourself by overcoming challenges & taking charge of your life. $QUACK
Habit 2: Begin with the End in Mind 🏁
➡️Define your values & vision, align your actions accordingly. Set long-term goals & create a meaningful, purpose-driven life. $QUACK
Read 9 tweets

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