Episode #186: Generational Wealth and Uncle Sam’s Surprise
African Americans have more buying power than ever, however African Americans are the biggest consumers and are not investing for their futures. Cello and Dee chat about building generational black wealth, in preparation for Dee’s big talk in Toronto this week. In addition, token issuance if not the total market cap of both cryptocurrency and digitally managed assets continues to climb. More and more assets that were managed traditionally are now being managed digitally. But how does one have access to a central system where it is all done in one place? CoinLion offers the solution to a problem which will confront the entire blockchain development world for the next several years and iterations of the technology and its uses. You can have confidence in a team with experience in trading platforms and structuring millions in business deals and our guest this week, Joshua DeWitt CEO of CoinLion, worked collectively on a team managing over 300 million at Merrill Lynch.
To close out the show we invite Laura, a CPA and cryptocurrency tax specialist, to sit down with us and provide a little tax clarity to our listeners who have bought, sold, mined, or traded in cryptocurrency. We know 2017 was a big year for crypto, but as we saw those numbers going up, I don’t think many of us were thinking about the potential tax consequences. Now that the year is over, her goal is to educate you on how cryptocurrency is taxed in order to help you determine if you owe taxes on your trades, and if so, how much. Let’s open up this discussion and see if we can find a better way.
If you liked what she brought to the table, she has a special discount code (20% OFF!) for our listeners who would like to check out her course!
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