Teeka Tiwari

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

Since I started writing about cryptocurrencies in 2016, I told anyone who followed me on this trend to buckle up… that it’d be a wild, roller-coaster ride. And 2021 will be no different.

Teeka Tiwari belives the Decentralized Finance, or DeFi for short could be the biggest boom in crypto since the initial coin offering (ICO) craze of 2017.

Teeka Tiwari: I still believe bitcoin will continue to be the most valuable financial service in the world.

To kick off the New Year, we’re publishing a classic essay from Teeka Tiwari. In it, Teeka lays out six simple steps to increase your wealth. It’s a must-read for anyone who is looking to get wealthy in 2021.

Despite all the naysayers, bitcoin will close out 2020 as the best-performing asset in the world again. And you still have a chance to ride its coattails to life-changing gains… But that window of opportunity is fast closing.

As I pen this, our entire Palm Beach Letter model portfolio – warts and all – shows an open gain of 46% this year, compared to the S&P 500’s 14% gain. So we’ have been beating the broad stock market index more than three times over in 2020.

Today, an estimated 40−60 million Americans own crypto. And crypto exchange Coinbase has more users than traditional brokerages Charles Schwab, E-Trade, Interactive Brokers, and TD Ameritrade combined. At the same time, Fidelity, Guggenheim, and JPMorgan have recently changed their tune on bitcoin. They either offer bitcoin services or plan to invest in bitcoin.

With bitcoin and other altcoins rising to new highs this year, you can very easily lose your sense of prudence… and start getting overly excited. That’s when FOMO – the fear of missing out – begins to set in.