US inflation upswing remains in place even as the Federal Reserve says it’s transitory and announced a only a gradual reduction of QE. This means the Fed will only slow the purchase of Treasury Securities, with the balance sheet continuing to grow until ~June 2022. Despite the Fed dismissing inflation risks, the key indicators followed […]
Crypto taxes, Turkey bans crypto, Bitcoin acceptance, used auto price, vaccines & re-opening, diversifing beyond Bitcoin
Dispatch #11 -2021 April 16th, 2021 Let’s start with crypto taxes as it is traditional tax week. For 2020, IRS Form-1040 specifically asks if you had crypto transactions, illustrating the IRS’ growing focus on digital assets. You are expected to track the cost basis of your coins and report capital gains accurately. Other items discussed […]
Morgan Stanley access to bitcoin, crypto’s political clout, US home price rise, Are you late to bitcoin?
Dispatch #9 – 19th March, 2021 The Dispatch is out earlier than usual as it’ll be on holiday next week and won’t publish until my return. Top news this week is the Morgan Stanley announcement that wealth management (WM) clients can invest in bitcoin via three funds. This will most likely lead to the rest […]