Do you think that week have a possible perfect storm in the horizon for Bitcoin, specifically in March and April 2024 when the SEC could possibly give the go ahead for Blackrock’s ETF for BITCOIN, and the four year anniversary of halving of BITCOIN ?
Anthony | Ric responded, September 13, 2023

2023-09-13T13:22:09-04:00

Perfect storm? I think you mean the opposite – stars aligned. Yes, there are lots of great developments underway. You mention only two: the halving in 2024, and the spot bitcoin ETFs (which might come to market any day, not necessarily in 2024). I’d add: new legislation on stablecoins (and PayPal’s introduction of one), Ripple’s [...]

Do you think that week have a possible perfect storm in the horizon for Bitcoin, specifically in March and April 2024 when the SEC could possibly give the go ahead for Blackrock’s ETF for BITCOIN, and the four year anniversary of halving of BITCOIN ?
Anthony | Ric responded, September 13, 2023
2023-09-13T13:22:09-04:00

Based on what Per Peter Zeihan (Geopolitical Strategist) says here (click to open), is Bitcoin dead?
Bill K | Ric responded, September 13, 2023

2023-09-13T13:20:43-04:00

The following by Peter Zeihan on August 31, 2023: "With all the buzz around central banks starting digital currencies and one of these entities controlling all transactions, I think it's about time I burst everyone's bubble... Fintech has blown up because it slims down the traditional money transfer process and removes some of the associated [...]

Based on what Per Peter Zeihan (Geopolitical Strategist) says here (click to open), is Bitcoin dead?
Bill K | Ric responded, September 13, 2023
2023-09-13T13:20:43-04:00

Do I run into regulatory compliance issues (SEC or State) running a newspaper ad; if bitcoin is specifically listed along with stocks, bonds, etc. as an investable asset available?
Jim Krebec, CFP®, President, CIC Investment Consultants | Ric Responded December 30, 2021

2023-08-17T12:40:00-04:00

If you’re simply listing asset classes such as stocks and bonds, I see no issue with also mentioning digital assets (I wouldn’t mention bitcoin specifically) – just as I’d see no issue with mentioning other asset classes, such as real estate or gold. I’d have my compliance department approve any ad before using it, to [...]

Do I run into regulatory compliance issues (SEC or State) running a newspaper ad; if bitcoin is specifically listed along with stocks, bonds, etc. as an investable asset available?
Jim Krebec, CFP®, President, CIC Investment Consultants | Ric Responded December 30, 2021
2023-08-17T12:40:00-04:00

Do you have an opinion on the impact of future approvals of Bitcoin ETF’s impact on GBTC, BITW, OBTC , etc.?
Lars Larsen, ChFC®, President, Heritage Financial North | Ric responded December 30, 2021

2023-08-17T12:39:59-04:00

OTC products will likely be of little interest to investors after ETFs become available. That’s why all the OTC sponsors have committed to converting their OTC securities to ETFs. Makes sense. And that offers investors an arbitrage play: GBTC, for example, is trading at a discount. If it converts to an ETF, theoretically that discount [...]

Do you have an opinion on the impact of future approvals of Bitcoin ETF’s impact on GBTC, BITW, OBTC , etc.?
Lars Larsen, ChFC®, President, Heritage Financial North | Ric responded December 30, 2021
2023-08-17T12:39:59-04:00

I have several clients that would like to gift BTC to their donor advised fund. Fidelity Charitable is where most client DAF’s are held. Fidelity is fine accepting BTC but requires a third party appraisal that costs around $600. This is crazy to me for asset that is liquid 24/7. I know it’s treated as property. Do you know away around this or do you have a recommendation for an organization that can do the appraisal for a reasonable fee?
Trey Barnes, Sr. Wealth Advisor, Mariner Wealth Advisors | Ric Responded December 16, 2021

2023-08-17T12:39:59-04:00

The appraisal is required by the IRS, not Fidelity. This is true for any charitable donation of non-cash, non-securities of $5,000 or more. Fidelity gives you a confirmation showing the date they receive your crypto and the selling price, but the IRS won’t accept that as a legal appraisal. You have to hire an appraiser, [...]

I have several clients that would like to gift BTC to their donor advised fund. Fidelity Charitable is where most client DAF’s are held. Fidelity is fine accepting BTC but requires a third party appraisal that costs around $600. This is crazy to me for asset that is liquid 24/7. I know it’s treated as property. Do you know away around this or do you have a recommendation for an organization that can do the appraisal for a reasonable fee?
Trey Barnes, Sr. Wealth Advisor, Mariner Wealth Advisors | Ric Responded December 16, 2021
2023-08-17T12:39:59-04:00

I’ve had a hard time adding a beneficiary to my digital assets account at Coinbase. Their customer service messaging app is not easy to navigate, and I can’t get anyone in customer service to answer the phone. I know I can move the assets to a different platform. Who offers the best customer service? I’m also considering a cold wallet. Any suggestions?
Timothy Reid Bolinger, Financial Advisor, Fisher Wealth Management | Ric Responded November 18, 2021

2023-08-17T12:39:58-04:00

I’m not aware that you can name a beneficiary to accounts at Coinbase. This is not uncommon, as many institutions don’t allow you to name beneficiaries on taxable accounts. Traditionally, beneficiary designations are set for retirement accounts, wills & trusts, and annuities. So, if your financial institution doesn’t allow you to name a beneficiary on [...]

I’ve had a hard time adding a beneficiary to my digital assets account at Coinbase. Their customer service messaging app is not easy to navigate, and I can’t get anyone in customer service to answer the phone. I know I can move the assets to a different platform. Who offers the best customer service? I’m also considering a cold wallet. Any suggestions?
Timothy Reid Bolinger, Financial Advisor, Fisher Wealth Management | Ric Responded November 18, 2021
2023-08-17T12:39:58-04:00

What would you do to get in front of this seismic shift of DeFi/Blockchain?
Alex Smith, Managing Director, Individual IRA | Ric responded November 17, 2021

2023-08-17T12:39:58-04:00

For sure, our Certificate in Blockchain and Digital Assets program is a great way to start. Beyond that, read as much as you can and attend as many events as you can. We list great news services at the DACFP Yellow Pages. And when you become fully immersed and are ready to devote full-time effort [...]

What would you do to get in front of this seismic shift of DeFi/Blockchain?
Alex Smith, Managing Director, Individual IRA | Ric responded November 17, 2021
2023-08-17T12:39:58-04:00

Would you please enumerate what would be the likely investment options for a typical RIA client brokerage account?
James Pazderak, President, Covenant Wealth Advisors | Ric responded, November 18, 2021

2023-08-17T12:39:57-04:00

That’s a big question. We cover it in detail in our DACFP Certificate in Blockchain and Digital Assets program – and we’re creating a new 1-hour presentation to address this specifically. Visit our Events page to register for our upcoming webinars and to watch replays of our past events. Also, you can find all the [...]

Would you please enumerate what would be the likely investment options for a typical RIA client brokerage account?
James Pazderak, President, Covenant Wealth Advisors | Ric responded, November 18, 2021
2023-08-17T12:39:57-04:00

How can I find a digital asset savvy estate planning attorney for my clients who own and want to pass on their digital assets?
Cody Murray, Financial Planner, Bivin & Associates | Ric responded, November 9, 2021

2023-08-17T12:39:57-04:00

We offer a list of estate planning attorneys with expertise in digital assets in our Yellow Pages directory.

How can I find a digital asset savvy estate planning attorney for my clients who own and want to pass on their digital assets?
Cody Murray, Financial Planner, Bivin & Associates | Ric responded, November 9, 2021
2023-08-17T12:39:57-04:00
Go to Top