Rudy Mezzetta
Canadian investment firms are taking a cautious approach to Bitcoin and other cryptocurrencies as client interest in the space increases and new products offer retail investors easier access to cryptocurrencies.
Financial advisors are divided on cryptocurrency’s place in client portfolios. Some advisors avoid digital currencies altogether while others embrace the investments but only for certain clients and with limited exposure.
“We’re incorporating ETFs backed by Bitcoin in RRSPs and TFSAs,” said Michael Zagari, an investment advisor in Montreal with Burlington, Ont.-based Mandeville Private Client Inc. “If [cryptocurrency prices] are going to go where you think they will go, you would want [those investments] to be in a tax-free environment.” Zagari said he recommends a 1%–5% position in cryptocurrency as a long-term holding for clients whose portfolios are already on track to meet financial goals.
Tesla or Solar City May Enter Super Clean Bitcoin Mining, Tesla Will Stop Accepting BTC Payments
7 hours ago by Benjamin Godfrey · 3 min read Share this article
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Anthony Scaramucci said he’s willing to wager 500K Satoshis that, within a year, Tesla or Solar City will announce its entry into “super clean” bitcoin mining.
The electric automaker, Tesla Inc (NASDAQ: TSLA) steered a new milestone in the cryptocurrency ecosystem back in February when it invested $1.5 billion in Bitcoin (BTC). The company, led by Elon Musk created a new utility for the first digital currency when it declared it has started accepting the cryptocurrency as payments for its cars back in March. While Tesla’s dive into Bitcoin gave the digital currency a massive face-lift, the company has announced it will stop accepting Bitcoin payments for its products. The reason cited for this move is that cryptocurrency consumes a lot of energy in the pr
BTCEX.ME Bitcoin Global Trading Center 4.0 USA, May 6, 2021 /EINPresswire.com/ On April 14, 2021, with the successful listing of Coinbase on NASDAQ, the global digital currency trading market will show an explosive wave of US stock listings in 2021. The BTCEX.ME Bitcoin Global Trading Center is also expected to be launched in December 2021. At present, the investors of BTCEX.ME Bitcoin Global Trading Center 4.0 include: Fidelity Digital Asset Services (FDAS), UOB Bitcoin Fund in Singapore, Bailador Investment Digital Currency Fund in Australia,and Green Arrow Asset Management Company in European. BTCEX.ME Bitcoin Global Trading Center 4.0 has been upgraded. The BTCEX.ME 4.0 version covers : local national legal currency C2C transactions, legal currency OTC transactions, currency transactions, perpetual contracts, option contracts, BTC mining Mine profit, digital currency asset management, fast exchange of digital curren
3iQ CoinShares Bitcoin ETF (BTCQ) Surpasses $1 Billion in Assets Under Management
Toronto, Ontario (Newsfile Corp. - May 7, 2021) - 3iQ Corp. ( 3iQ ), the largest digital asset manager in Canada with more than C$3.5 billion in Assets Under Management ( AUM ), is pleased to announce the 3iQ CoinShares Bitcoin ETF (the ETF ) has surpassed C$1 billion in AUM. Reaching $1 billion in only three weeks speaks to the enormous market demand for bitcoin, said Fred Pye, Chairman & CEO of 3iQ. The pace of its growth is yet another milestone in 3iQ s goal to provide investors with more ways to gain exposure to the largest digital asset in the world.
SDG Media Zone at UN Youth Forum focuses on reimagining sustainable development as we approach a post-pandemic world
The SDG Media Zone kicked off the 10th UN Youth Forum with discussions on advancing the Sustainable Development Goals as the world recovers from COVID-19 NEW YORK, NEW YORK, USA, May 6, 2021 /EINPresswire.com/ Under the theme, “The Future We Want,” the SDG Media Zone, produced by the UN Department of Global Communications with support from the PVBLIC Foundation, hosted conversations that amplified the voices and visions of young people who are central to the global efforts to recover better, stronger and together. The SDG Media Zone looked at some of the most defining issues affecting young people today climate change and inequality.