This hack-proof crypto technology could be bigger than Bitcoin, XRP, and Ethereum COMBINED.

This Crypto Loophole Rule Could Save You on Taxes

There’s a way to turn losses on your crypto holdings into immediate tax savings – while keeping possession of your crypto. It involves a loophole under Section 1091 of the IRS code. It’s known as the “wash-sale” rule.

There’s a way to turn losses on your crypto holdings into immediate tax savings – while keeping possession of your crypto. It involves a loophole under Section 1091 of the IRS code. It’s known as the “wash-sale” rule.

By Grant Wasylik, analyst, Palm Beach Daily

Most people don’t know this… But there’s a way to turn losses on your crypto holdings into immediate tax savings – while keeping possession of your crypto.

It involves a loophole under Section 1091 of the IRS code. It’s known as the “wash-sale” rule.

A wash sale is when an investor sells a security at a loss to claim a tax write-off… only to repurchase the same (or nearly identical) security within 30 days of the sale.

The IRS prohibits such sales…

However, its rules don’t cover cryptos, which are treated as “property.”

This means they’re not subject to a holding period for tax-swap sales.

So if you’re sitting on losses on individual cryptos, you may want to take advantage of this loophole before the end of the year.

And I’ll show you how. But first…


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The Wall Street Legend Who Picked Apple in 2003 and Bitcoin in 2016 – Shares His #1 Pick

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It’s not 5G, artificial intelligence, or the internet of things.

The answer will surprise you. And, for those who take early action, it could lead to an eventual $1.6 million payout.

See Teeka’s #1 Pick


How to “Wash Sale” Your Cryptos

I wanted to find out why conducting a wash sale now would be good for crypto owners.

So I spoke to Shehan Chandrasekera, head of tax strategy at CoinTracker. It uses software to track crypto portfolios… calculate capital gains and losses… and harvest tax losses with a click of a button.

Shehan is one of a handful of CPAs in the U.S. recognized as an expert on crypto taxation.

Here’s what he told me:

According to IRS Notice 2014-21 and the FAQs issued in 2019 by the IRS, cryptocurrencies are treated as property. Since cryptocurrencies are not treated like stocks and securities by the IRS, they are not subject to wash sales rules. This allows you to harvest tax losses without honoring the 30-day rule that stocks are subject to.

Many cryptos have been big winners this year. But if you’re a crypto enthusiast, you probably have some losers, too.

If you act quickly, you should be able to harvest your losses this tax year.

Here’s an example of how it works…


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“Penny Trade” Pays Warren Buffett as Much as an Extraordinary 4,429%?

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“Penny Trades” are cheap and explosive…

Warren Buffett grabbed 46 million of them for 1¢ a pop.

Right now, he’s up as much as a rare 4,429% on this trade.

But “Penny Trades” aren’t reserved for billionaires like Buffett.

Thanks to SEC loophole 30.52, you can play them in your brokerage account.

  • One of these “Penny Trades” shot up 183% in one day…
  • Penny Trades can pay far MORE than stocks…
  • Our readers just saw a 19¢ trade shoot up as much as a rare 5,100%…

Here’s the No. 1 “Penny Trade” for RIGHT NOW


Say you purchased ether (ETH) at $1,200, and now it’s worth only $600.

In this hypothetical, you can sell your ETH before the end of the year to harvest $600 worth (per coin) of capital losses. And you could quickly get back into the same position at $600 per coin to maintain your position.

Since cryptocurrencies are treated as property, the asset class allows you to harvest tax losses more aggressively than stocks. (With stocks, you have to wait 30 days to buy back the same position. If you don’t wait, the IRS will disallow the loss for tax purposes.)

Keep in mind that there are various fees associated with transferring and trading crypto. So you’ll want to make sure these costs are less than what you’ll write off in taxes.

And if you don’t use up all your losses this year, you can roll them forward into future tax years. And if you don’t have an offsetting gain, you can still take up to a $3,000 loss in the current year.


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Viral Tech Genius Makes Next Big Prediction

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Jeff has done it again…

He just got off the Shubert Theater stage – where he shared his #1 tech stock for 2021

And revealed the details behind three valuable new technologies Jeff is certain 99% of the public have never heard of.

Click Here to Watch the Presentation Now


Consider These Three Steps Before Acting

Remember, this information is for general tax purposes only.

And crypto is still somewhat of a “gray area” in terms of taxation. So we strongly encourage you to consult a tax professional before conducting a crypto tax swap.

But if you want to consider this strategy, here are some steps to help with the process:

  • Talk to your tax adviser: Tell them what you’re contemplating. Could you use some losses to offset gains on a one-for-one basis? There’s a chance your CPA may not even know this avenue exists.
  • Consult a tax consulting crypto firm: CoinTracker is one option. ZenLedger is another.
  • Know your situation: Before you reach out, know which cryptos you own, the quantity, the price you paid, your tax bracket, etc.

If you’re ready to make the swap after talking to your tax consultant, here’s a preview of what comes next…

This tax loophole allows you to benefit from falling crypto prices (in the past or the future). And you’ll still be able to keep the same cryptos you started with… just with a new cost basis.

Be sure to act before the end of the year if you want to use any losses for 2020.

And remember, you don’t have to wait for year-end to employ tax-loss harvesting. You can use this strategy to your benefit at any time of the year.

Bitcoin’s New High Is Just the Beginning…

Bitcoin has smashed through the $20,000 mark… Why the rally is just getting started… 

Bitcoin has smashed through the $20,000 mark… Why the rally is just getting started…

By Chris Lowe – The Daily Cut

Bitcoin $23,128

That’s how much one bitcoin (BTC) trades for as I (Chris Lowe) type.

That’s $3,039 more than its previous all-time high, set in December 2017.

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Bitcoin is now up 221% for the year.

So if you’re one of our readers who took our advice and bought some bitcoin, congratulations.

And if you still haven’t picked up even some small exposure to this rally, as you’ll see today, it’s not too late.

We’re still in the early innings of a rally that could take bitcoin to $60,000… and beyond.

We’ve been thumping the table for years on the opportunity in bitcoin

Colleague Teeka Tiwari first added bitcoin to the model portfolios at our Palm Beach Letter and Palm Beach Confidential advisories in April 2016.

At the time, one bitcoin traded for just $428.

Bitcoin is up 5,304% since Teeka’s initial recommendation. That’s enough to turn a $10,000 investment into more than half a million dollars.

Teeka isn’t the only Legacy analyst who’s bullish on bitcoin.

In November 2017, Jeff Brown recommended bitcoin to paid-up readers of our flagship tech-investing advisory, The Near Future Report.

And in June 2018, Nick Giambruno recommended bitcoin over at The Casey Report and Crisis Investing.

Based on their research, I’ve urged you to buy bitcoin 93 times since we created The Daily Cut in August 2018 as a premium e-letter for all paid-up Legacy Research subscribers.


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The firm that called the EXACT PEAK of the Dot-Com boom
has just issued another major prediction.

If you’ve got money invested in the market – and especially in popular tech stocks – this is critical information for the days ahead…

Watch the Video


It hasn’t been a straight shot higher

With so much bullish sentiment on the crypto right now… it’s easy to forget how hated it was only nine months ago.

On March 16, bitcoin hit a 2020 low of $4,944.70, according to figures from CoinDesk. As recently as February 19, bitcoin was trading at more than $10,000.

That’s a drop of more than 50% in less than one month.

But Teeka didn’t lose the faith…

On March 10, he forecast in these pages that we were “on the doorstep of another crypto boom.”

I hope you acted on this advice. Since its low for the year, bitcoin is up 463%.

And here’s the crucial thing to understand: We’re still at the beginning of a rally that will take bitcoin way higher.

Teeka calls it a “critical juncture” for crypto

It’s one of the themes he touched on in the December issue of The Palm Beach Letter. Teeka…

History suggests we’re now at a critical juncture for bitcoin, other cryptos, and the blockchain technology that underpins them.

Essentially, we’re now moving from the early-adopter phase to the mass-adoption phase.

Remember, with breakthrough technologies, mass adoption is the biggest driver of prices.

That’s why I’m telling you there’s still plenty of upside ahead.

Today, just 15% of American adults own some form of crypto. The other 85% own no crypto. So there’s still a lot of market share left for the taking…


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The Wall Street Legend Who Picked Apple in 2003 and Bitcoin in 2016 – Shares His #1 Pick

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It’s not 5G, artificial intelligence, or the internet of things.

The answer will surprise you. And, for those who take early action, it could lead to an eventual $1.6 million payout.

See Teeka’s #1 Pick


S-curve analysis backs this up…

The S-curve tracks how long it takes for folks to embrace a breakthrough technology. Think microwaves, cell phones, the internet… or bitcoin.

Take a look at this chart Teeka showed his readers. It’s by way of crypto investment fund Off the Chain Capital.

The vertical axis represents the bitcoin adoption rate – how many people own some bitcoin, in other words. The horizontal axis represents time.

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What you see is that the time it takes for 10% of the population to embrace a new technology is roughly the same as it takes to go from 10% adoption to 90% adoption. Teeka again…

If cryptos and the blockchain technology they’re built on follow the same S-curve pattern, and I believe they will, we could see an exponential increase in adoption rates over the next decade. That means the gains we’ve seen thus far in crypto are only the beginning.

Past trends suggest the biggest gains are typically made right after the early-adopter phase ends… which is exactly where we are today.

Cryptos such as bitcoin are limited in supply. So you can imagine what will happen when the number of buyers explodes higher.

It’s Economics 101. When demand outstrips new supply, prices go up. If demand outstrips supply by a lot… prices go up a lot.


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“Penny Trade” Pays Warren Buffett as Much as an Extraordinary 4,429%?

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“Penny Trades” are cheap and explosive…

Warren Buffett grabbed 46 million of them for 1¢ a pop.

Right now, he’s up as much as a rare 4,429% on this trade.

But “Penny Trades” aren’t reserved for billionaires like Buffett.

Thanks to SEC loophole 30.52, you can play them in your brokerage account.

  • One of these “Penny Trades” shot up 183% in one day…
  • Penny Trades can pay far MORE than stocks…
  • Our readers just saw a 19¢ trade shoot up as much as a rare 5,100%…

Here’s the No. 1 “Penny Trade” for RIGHT NOW


There has been no shortage of new buyers in 2020

It’s been the year that big-money investors have warmed to bitcoin.

This has been a huge theme for Teeka all year. He said 2020 would be the year Wall Street greed propelled professional money managers to get on board with bitcoin.

Here are just a few examples he shared with our Palm Beach Research Group readers…

  • Several prominent hedge fund managers, including Paul Tudor Jones and Stanley Druckenmiller, have now invested in bitcoin.
  • Collectively, 15 publicly traded companies have put more than $1.2 billion in bitcoin on their balance sheets.
  • Grayscale, a leader in crypto asset management, raised more than six times as much money in the first three quarters of 2020 than it did in all of 2019.
  • A Fidelity report recently recommended allocating 5% of portfolios to bitcoin. And the firm has begun providing bitcoin custody for financial advisory firms.

That’s on just the institutional side. Consumers are also gaining easier access to bitcoin.


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Millionaire’s Big Prediction From Living Room Couch

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Teeka Tiwari – America’s No. 1 Investor – just made an outrageous prediction.

Recorded live from his living room couch…

He blasts Congress, reveals nasty truths about America…

And reveals one technology set to radically change our nation.

Already, 400,000-plus viewers have checked it out.

WARNING: This video may make you furious.

Watch His Urgent Video Now


Take the big news out of PayPal

Online payments processor PayPal (PYPL) will allow its 346 million users to buy, hold, and sell crypto. The company will add crypto to its PayPal and Venmo apps next year.

PayPal joins rival payments processor Square (SQ) in allowing its users to access crypto. Square added bitcoin to its Cash App in 2018.

Even Visa (V) is getting in on the act. This year, we saw announcements of a bunch of bitcoin-related credit and debit cards that will work with Visa.

Coinbase, the largest U.S. crypto exchange, will offer a Visa credit card that allows folks to spend crypto in their Coinbase accounts.

And BlockFi, another crypto exchange, will offer a Visa card that gives 1.5% cash back in bitcoin on purchases.

Visa isn’t shy about touting the benefits of crypto for its customers. This is from a blog post on the Visa website from July…

We believe that digital currencies have the potential to extend the value of digital payments to a greater number of people and places. As such, we want to help shape and support the role they play in the future of money.

With all this going on, it’s easy to see why Teeka is so excited about bitcoin and other crypto assets in 2021.

If adoption drives prices… and the biggest mainstream payments networks are getting on board… along with the great and the good of Wall Street… next year promises to be a stellar one for bitcoin holders.


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Could a new high-powered retirement account, recently approved by the government, pay more than stocks?

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What banks are paying regular people for their money today is laughable.

The average savings account in the United States pays just 0.05%.

And some big banks pay even less!

How can anyone retire on that?

Thankfully, there exists a new account that pays up to 8.6% interest

(That’s 172 times the average savings account.)

And one man believes in this idea so much he has already invested $250,000 of his own money.

He wants to show you how you can get your savings goals back on track.

Click here to find out more


What to do about it

If you bought bitcoin on the recommendations from Teeka, Jeff, or Nick… congratulations.

It’s one thing to subscribe to a newsletter. It’s another to act on the recommendations it makes in its model portfolio.

If you’re still on the sidelines, you’ve missed out on some big returns. But don’t despair. As the S-curve chart shows, we’re still in the early days of crypto adoption. And the rally in bitcoin is still in its early innings.

In October, Teeka predicted in these pages that mass adoption will take bitcoin to $60,000 sooner than most folks think.

And that’s not the end point. Brian Estes, an analyst for Off the Chain Capital, the crypto fund who put that S-chart together, says it could hit $100,000 by the end of next year.

Tom Fitzpatrick, an analyst at Citibank, has a price target of $318,000 for this time next year.

And Scott Minerd, the chief investment officer for Guggenheim Investments, says his fundamental analysis values bitcoin at $400,000.

So if you haven’t acted on our long-running campaign to spur you into action… now is the time to buy before prices go into the stratosphere.

Just remember to limit your investment to a reasonable amount. Bitcoin is still highly speculative. So it has roller-coaster-like volatility.

Teeka recommends an initial stake of $200 to $400 for smaller investors and $500 to $1,000 for larger investors.

In the mailbag: “I’m glad I put my trust in Teeka”

If you’re not already following Teeka’s research and ideas, you’re missing out.

He’s one of the world’s most widely followed crypto investing experts.

And he was the first guy in our industry to focus a major financial newsletter, Palm Beach Confidential, solely on crypto.

As I mentioned up top, Teeka first recommended bitcoin in April 2016. Since then, it’s up 5,304%.

But bitcoin isn’t Teeka’s top-performing open recommendation. That title goes to a decentralized platform called Neo (NEO). He added it to the Palm Beach Confidential model portfolio in February 2017.

Since then, it’s up 14,124%.

Small wonder Teeka’s readers flood our mailbags with praise. Here’s just some of what they’ve sent in…

I’m new, and I must say, I’ve never seen anything like these gains. Most have doubled my small initial investments in less than a month. I’m so thankful and grateful for finding Teeka and Palm Beach Letter. My life will forever be changed for the better with the new information and knowledge I’ve gained.

– Minnie P.

Teeka, you are a real sincere man. You do things for the little guy from your heart. I am very fortunate to have signed up for a lifetime subscription when I did. You see, I did make some money, but I also got to know you over the years and recognize how genuinely you act for your subscribers.

Not many people like you in the world. Let our love and appreciation always come to you!

– Steven C.

Thank you for the great recommendations. My son is severely disabled, and money is always a little tight. Over the past few years, I’ve made some crypto purchases, and I’m thrilled with the results so far.

I really appreciate the reassuring notes you leave for us subscribers and the guidance you’ve provided. You’ve helped me get onto a path that will help me build a nest egg and make sure my son’s financial future is secure. That’s no small thing when it comes to disabilities. Again, thank you!

– Gregory R.

I just wanted to forward a very big thank you to Teeka for his exceptional guidance on cryptocurrencies. At the coin prices of today, my entire crypto holdings are up around 200% since March. We are obliterating the performance of traditional financial assets.

I’m glad I put my trust in Teeka, and I look forward to what is coming next! With the impact of COVID-19 and our lunatic central banks, this is truly a lifeline for me.

– Brendan V.

Just a short note to Teeka Tiwari… back in November of last year, I followed one of your crypto recommendations. You gave it away for free. I didn’t spend a nickel. You said that if I would invest $500, it could lead to MUCH more. I invested $800. That $800 is now worth $6,975. Just a huge thank you. I guess I need to join your subscribers!

– Paul G.

Has Teeka’s advice changed your life for the better, like it has for these readers?

Why You Don’t Need to Bet Big to Win Big in Crypto

The way of “winning” – in which you have more wins more frequently – is addictive. But if you really want to get rich, you have to do the opposite. What we call making an “asymmetric bet.” With asymmetric betting, you can have huge upside from just a handful of tiny investments… even as small as $500.

The  way of “winning” – in which you have more wins more frequently – is addictive. But if you really want to get rich, you have to do the opposite. What we call making an “asymmetric bet.” With asymmetric betting, you can have huge upside from just a handful of tiny investments… even as small as $500.

By Chaka Ferguson, managing editor, Palm Beach Daily

Casinos use a lot of tricks to separate you from your money…

They don’t have clocks or windows, so you lose track of time… They use bright lights and loud sounds to keep you excited and distracted… And they build the casino floor like a maze, making it hard for you to find the exits.

But their greatest trick is to make you think you’re winning money when you’re actually losing money.

Casinos design games that appease players with many small payouts. So players wind up feeding slot machines with money, thinking they’re close to the big win.

If slot machines or poker tables never pay out the occasional small wins, gamblers will lose interest pretty quickly. (Of course, you lose all your money eventually because these games are rigged against you.)


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Viral Tech Genius Makes Next Big Prediction

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Jeff has done it again…

He just got off the Shubert Theater stage – where he shared his #1 tech stock for 2021

And revealed the details behind three valuable new technologies Jeff is certain 99% of the public have never heard of.

Click Here to Watch the Presentation Now


This way of “winning” – in which you have more wins more frequently – is addictive. It holds our attention… which is exactly why the casinos use this strategy in the first place.

But if you really want to get rich, you have to do the opposite. What we call making an “asymmetric bet.”

With asymmetric betting, you can have huge upside from just a handful of tiny investments… even as small as $500.

URGENT: These 4 Cryptos Are Screaming Buys

And then occasionally, you score a massive, outsized gain. This gain changes everything. All your losses are erased 100 times over.

That’s how investing in cryptos works.

And with bitcoin recently breaking its record highs, I’ll show you a new way to use this strategy to potentially profit from crypto…


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Millionaire’s Big Prediction From Living Room Couch

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Teeka Tiwari – America’s No. 1 Investor – just made an outrageous prediction.

Recorded live from his living room couch…

He blasts Congress, reveals nasty truths about America…

And reveals one technology set to radically change our nation.

Already, 400,000-plus viewers have checked it out.

WARNING: This video may make you furious.

Watch His Urgent Video Now


Crypto Is the Perfect Asymmetric Bet

A prime example of how asymmetric betting works is bitcoin…

Just $100 invested in bitcoin when it was trading at 8 cents in 2010 is worth more than $12.3 million today.

That’s a life-changing 12,312,400% gain. And it’s more than enough to wipe away all of your losses – whether they’re from cryptos, stocks, real estate… whatever.

That’s why Daily editor Teeka Tiwari calls crypto one of the best asymmetric bets in the world. No other asset has such a low-risk/high-reward setup…

I’m not saying we should bet the house on bitcoin and cryptos in general. My stance on crypto investing is that you should take small bets across many different projects – just a few hundred dollars is enough.

This way, it’s not a binary bet in which you either lose everything or double your money. Instead, it’s an asymmetric bet where, if we’re right, you can make 1,000% or even 10,000% on your money. And the most you can lose is 100% of a small position.

“Penny Trade” Pays Warren Buffett as much as an extraordinary 4,429%?

Teeka’s a world-renowned crypto expert. So he knows what he’s talking about. And he’s picked the highest-returning crypto on the market every year since 2016. For instance:

  • In April 2016, he recommended bitcoin when it was trading a hair south of $400… It made peak gains of 5,250% – turning every $500 into $26,750.
  • That same month, he recommended another small crypto called ether at $9. It exploded to as high as $1,432 – a 15,821% peak gain. That would have turned every $500 into $79,605.
  • A year later, he spotted another tiny crypto. It shot up over 150,000%. That would turn every $500 into $750,500, and every $1,000 into more than $1.5 million.

Now, let’s say you put $500 in seven other positions, and they went to zero. These three winners alone would have completely wiped away those losses and made you hundreds of thousands of dollars.

My point is this: If you’re looking for life-changing gains, but you don’t want to risk a lot of money… then you need to be involved in this space.


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Look who’s getting banned in America. Will you be next?

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According to MarketWatch, ordinary Americans are being put on “restriction lists,” being banned from using certain businesses.

Why is this happening? And what does it mean for you?

Widely-followed geopolitical expert Nick Giambruno explains:

“This is just the beginning of a much larger movement I’ve been watching unfold for years in the United States.

Law-abiding Americans will soon have a critical decision to make.”

Will you be banned next?

Go here to find out


A New Asymmetric Bet on Crypto

At PBRG, we recommend you put no more than 2% of your liquid net worth into cryptos.

So if you have a $100,000 portfolio, you’d put no more than $2,000 into crypto. Teeka recommends using equal position sizes. That means you could put $200 each into 10 crypto positions.

Now, most of these cryptos will go nowhere or lose money. But that 10th trade could make you $10,000, $100,000, or more.

But Teeka’s found something even better…

He calls them “Tech Royalties.”

Tech Royalties is the name we’ve given to a subclass of crypto investments that pay you to hold them. They provide you with a steady stream of income that increases in value over time as the underlying cryptocurrency becomes more valuable.

Here’s how Teeka describes them…

Imagine owning a small stake in a portfolio of 10 music acts, and one becomes The Beatles while another becomes Elton John.

This is the opportunity in front of you right now with Tech Royalties.

Some of these names will end up being worth hundreds of billions of dollars. It’ll be like owning a piece of The Beatles when they were playing nightclub gigs in Munich before hitting it big in the U.S.

You’ll own a piece of them and the income they kick out forever.

What’s great about Tech Royalties is you get capital appreciation along with monster 10%-plus yields. So as bitcoin and other cryptos explode in price, the income you generate will rise, too.