OG Bitcoiners Sell Holdings to Invest in ETFs and Diversification

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Long-term Bitcoin holders could be selling their holdings to shift into exchange-traded funds (ETFs) and to diversify their crypto portfolios, says Dr. Martin Hiesboeck, the head of research at cloud-based financial service platform Uphold. 

“There are several reasons why OG crypto holders are selling,” Hiesboeck said on Sunday. “Number one is to buy them back in the form of ETFs, which offer incredible tax advantages with current rules, especially in the US.”

“The second reason is that they have realized that the real revolution isn’t…



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OG Bitcoiners Sell Holdings to Invest in ETFs and Diversification


Long-term Bitcoin holders could be selling their holdings to shift into exchange-traded funds (ETFs) and to diversify their crypto portfolios, says Dr. Martin Hiesboeck, the head of research at cloud-based financial service platform Uphold. 

“There are several reasons why OG crypto holders are selling,” Hiesboeck said on Sunday. “Number one is to buy them back in the form of ETFs, which offer incredible tax advantages with current rules, especially in the US.”

“The second reason is that they have realized that the real revolution isn’t…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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