Cryptocurrency

Crypto Multi-Generational Goldmine! (iTrustCapital Blueprint)



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In this video, I discuss the potential growth of the cryptocurrency market, speculating on a future market cap of up to $40 trillion. Focusing on long-term investment strategies, I examine yearly crypto charts, particularly Bitcoin, to illustrate the trend of higher highs and lows, suggesting significant growth potential. I also introduce I Trust Capital, explaining its benefits for crypto trading within an IRA, highlighting the tax advantages and security features. Additionally, I compare trading on exchanges versus within an IRA, emphasizing the long-term financial benefits of using services like I Trust Capital for crypto investments, especially for long-term thinkers and investors.

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Intro 00:00
Zooming all the way out 1:00
Power of iTrustCapital 2:45
Contribution limits 6:20
Entrepreneurs 6:40
Is iTrustCapital secure? 8:30

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If you’re a macrom minded investor you are often on these charts you’re zoomed out on the crypto charts this is the total market cap of all of crypto sitting at around $1.5 trillion doll market cap right now often times this cycle around we speculate maybe this next speculative bull cycle we could be

Hitting a$1 trillion market cap what does that look like and by the way this is a this is a yearly chart these are yearly candles this is zoomed out we speculate about these things what is a $40 trillion Market C look like Bitcoin same exact thing the story of higher

Highs higher lows of this early stage technology you and I are sitting here as investors trying to figure it all out this Bitcoin chart zoomed out acting as a road map I would say for all of crypto in terms of the long-term potential and growth of the space how do we plan on

The zoom outs what what happens at Bitcoin at a $250,000 market cap if it hits that $10 trillion market cap of total market cap for crypto $40 trillion Market market cap and I want to take it a step further in this video to really speak to what I am trying to say zooming

Out even more and zooming all the way out 40 years Horizon what does that look like in terms of the future of the growth of this crypto space What could happen and how does it impact our financial futures for ourselves for our families what is a good way to plan

Everybody that’s what we’re going to be talking about in this video I want to discuss I trust Capital today’s sponsor of this video product that I’ve used for years the power of it the advantages of it so hit the Subscribe hit the like and let’s just jump right into the video

This is I trust Capital buy and sell crypto gold and silver as well with your IRA so I want to just talk about very quickly the pricing of this but more importantly the tax advantages of it because you’re going to be blown away by the pricing the tax advantages of it and

How it can truly truly change the game if you’re a long-term thinker a long-term investor like I am so pricing right off the bat I just want to point it out there’s no monthly account fee hit the link below get set up get set up with them there’s no startup fees zero

Dollar cryptocurrency transaction fee of one% for buy and sell but wait till you see the power of what buying and selling looks like within an IRA product so I want to just start here by just mentioning there are I think 33 cryptos currently available in in itust in terms

Of setting up an IRA and and buying and selling within the IRA so there’s I believe 33 on here top cryptos and I want to talk about the benefits here because this is where the the true power comes comes from I’m going to break down very simply an

Example if you’re doing this on an exchange which obviously many of us are versus within an IRA and the impact this has on the long term from a tax perspective first off you can do a rollover so if you’re out there if you’re if you’re leaving a job you can

Roll over your 401k or other employer sponsored retirement plan into a self-directed an advantage of a rollover is there are no taxable events that get triggered Ira transfers so similar to 401K you have an existing Ira it can be transferred into self-directed Ira there are no taxable events that get triggered

So that’s right off the bat now check this example out everybody and then I want to cruise over to a SE Ira if you’re an entrepreneur like me out there wait until you see the tax advantages in terms of uh crypto within a a SEP IRA so how buying and selling

Crypto inside an IRA differs from an exchange when you purchase crypto outside of an IRA you’re buying it in a crypto exchange account using post tax dollars if the value of the crypto goes up and you sell it you’re liable to pay Capital Tax capital gains tax on on the

Profit we all know this and it’s if you don’t know it it’s very important that you know that let’s illustrate the example of doing an exchange what happens and then doing it within an IRA what happens so say you buy $10,000 worth of bitcoin outside of an IRA in an

Exchange you bought 10,000 over the next few years the value of your Bitcoin Holdings increase to $60,000 this is not out of the ordinary for the crypto space and while we’re looking at this example everybody I just I really want you to also envision this example is talking about hey in the

Next few years you get some gains I I I want you to Envision going through Cycles over decades what does that look like in terms of the examples that we’re looking at right so moving on $10,000 it goes up it’s $60,000 if you decide to sell your

Bitcoin at this point you’ll pay capital gains of $50,000 so and the exact amount of what you owe will be different dependent on your your situation your tax situation your tax bracket all that stuff but you’re paying you’re paying taxes on that 50,000 now let’s consider the same transaction within an

IRA again you buy 10,000 worth of bitcoin this time within the Roth IRA using after tax dollars just like the Nona scenario the value grows to $60,000 over the next few years again imagine over the next few decades the value is growing if you sell the Bitcoin within

The Roth rra Ira the $50,000 gains is not subject to capital gains tax if you wait until you’re at least 59 half years old 59 and a half years old you’re still young if you wait until then and the account has been open for at least 5

Years you can withdraw the money taxfree so in this scenario it’s obviously powerful enough 10,000 goes up to $60,000 that $50,000 gain is yours it’s yours and again I I can’t highlight this enough we’re zoomed out even more here we are zoomed out even more here what

What what do gains look like in the crypto space and in and in these markets not just Bitcoin but you see all these cryptos that are on here so those are some of the benefits that are incredibly obvious right off the bat if you’re a long-term investor long-term thinker like I am

And the other thing I want to touch on are a couple points right so if you’re eligible to contribute the annual limit for a traditional Roth IRA in 2023 is 6,500 and if you’re under the age of 50 or if you’re under age of 50 and 7500 if

You are over 50 now for any entrepreneurs running a business out there I want to point this out a SEP IRA contribution limits differ in those you can contribute up to up to the lesser of $66,000 or 25% of your total annual compensation so a simplified employer

Employee pension Ira which is a SE Ira it’s a plan designed for those who are self-employed 1099s for example or business owners and carry with them the advantage of higher contribution limits so as a rough example say say you have that income Revenue $100,000 maximum contribution 25,000 25,000 right

25% say you’re at a million dollar if you’re at aill million dollar $66,000 as I understand it again if if I’m reading this correctly and I’m I’m understanding this correctly over the years but it does note it should be discussed with a financial or tax professional I am neither okay so I just

Want to point that point that out but look at these absolutely incredible if you’re a long-term investor benefits funded with pre-tax income grows tax deferred tax tax once you take distributions at an ordinary income level cash contributions are tax deductible that’s a big deal it’s a big

Deal it’s a big deal for me because if I’m if I’m in the space long term anyway then that’s fine right it’s fine to to have something in an IRA so I think a really important point that I I want to just drive home because I know a

Lot of people are thinking this and probably have thought it especially as we we went through 20 22 what’s the security here how is itust set up is this okay right is this is this is this legit and I just want to say there’s off-balance versus on-balance sheets and

And this this their website says multiple events in 2022 showed the risk of the crypto industry common practice of including client assets on the balance sheet we saw this happen there are multiple examples of companies betting or leveraging positions using client funds and then losing the assets our client’s

Assets are held in custodial accounts with a regulated chartered trust entity and all assets are off balance sheet I I can’t highlight that enough because that is so critical and important with with everything we saw go down in 2022 with this structure we’re able to provide compliant retirement

Accounts and ensure that client accounts are never comingled with our business operating funds this Innovative approach provides our clients with peace of mind and the assurance that their assets are well taken care of so ton of benefits here everybody in terms of setting up with it trust and I just can’t say this

Enough if you’re a long-term thinker like me and you you have this vision for crypto similar to you know what many people in the space have right and if I just zoom over look at this look at the growth potential of the space go over to bitcoin same exact thing look at the

Growth potential I think zooming out on the charts and I mean really zooming out and having a game plan on the long term is so critical and having a product integrated into the game plan like itust I think is incredibly helpful and allows us just really just to to plan our

Futures in the best way that we possibly can if we’re planning on being in the crypto space for a while so hit the link below everybody use my link set up an account it is painless it is so simple it’ll take a few minutes create an account select your IRA type fund your

Account and begin investing 24/7 from your personal dashboard and there’s a little video very quick video breaking down how it’s done so hit my link get set up with them thank you so much I trust for sponsoring the video I appreciate you keep doing your thing offering these products I appreciate it

Within this crazy crypto space I’ll see you all in the next video God bless

24 Comments

  1. Post tax dollars..lol. I go to work: exchange my labors for monies, which then monies earned are taxed, then with that money go and purchase crypto, then when I make profit I'm taxed again..lol, To think we fought a war over 3%tax on tea…..1776!

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