CryptoTaxPrep.com Presents: What Every Informed Cryptocurrency Investor Needs To Know


– [Narrator] What Every
Informed Cryptocurrency Investor Needs to Know. Bitcoin and the several
other cryptocurrencies that followed are gaining real traction in the investment community. Much of this is due to
astronomical returns investors have seen in
a matter of mere months. As more and more people are investing in cryptocurrencies, the
Internal Revenue Service is getting more serious about taxing these new financial instruments. However, many people have jumped on the cryptocurrency bandwagon without completely understanding
what they’re buying. This can have a substantial
impact down the road. However, we don’t all need to become tech experts to understand the value of this new financial product. Just like with traditional investments, consulting with financial
and tax professionals is a smart way to keep your cryptocurrency portfolios on track. Happy Tax employs the most skilled and certified… Happy Tax employs the most skilled and experienced certified
public accountants, CPA, to help you understand
and minimize tax exposure within your virtual currency wallet. What is cryptocurrency? Few of us really know. If you don’t know, don’t be… If you don’t know, don’t be embarrassed. You’re not alone. In a recent research survey,
most Americans reported having at least heard about Bitcoin, the largest virtual currency. However, only around 15 to 20% reported any plan to invest in
the cryptocurrencies. Most of us don’t invest
in cryptocurrencies because we just don’t understand them. Research on the topic brings up articles on mining and protocols,
and we are quickly overwhelmed by the technological details of learning a blockchain
on decentralized networks. This level of detail quickly
becomes overwhelming. When this happens, don’t get discouraged. Instead, reach out to a
qualified professional who can help you understand the ins and outs of cryptocurrency. Happy Tax Professionals
can give you tax advice and planning services specifically focused on cryptocurrency. Need to know information
before buying cryptocurrency. Okay, so we don’t need to
know how our smartphones work to know that they’re amazing technology that is useful to just
about everyone in the world. The same is true about virtual currencies which are basically a proof of concept for a new technology,
the so-called blockchain, that will change
financial markets forever. An informed cryptocurrency
investor doesn’t necessarily need to
understand every detail of how a new technology
works in order to see its potential value. Bitcoin has increased in
value 2,383% year over year from December 17, 2016,
through December 16, 2017. Bitcoin alternatives like Ether, Litecoin, Bitcoin Cash, and hundreds
of others have attracted billions of dollars to this new market. With more cryptocurrency futures trading and ETFs on the horizon,
virtual currencies are quickly approaching the
financial mainstream. So how can investors participate in this exciting trend without taking on excessive risk? When in doubt, consult a professional. Happy Tax CPAs have been
trained in the rules and regulations specific
to cryptocurrencies. As a result, you can count
on Happy Tax to get you the tax planning and
preparation services you need to manage your cryptocurrency
investments effectively.

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