Chris Kline
๐ค SpeakerAppearances Over Time
Podcast Appearances
And bold, I hardly ever make predictions because my compliance team kills me when I do it.
I said I think we hit 180K this year.
And this was in April when Bitcoin was at 76,000.
And I don't look as crazy.
And there's going to be this moment.
It's just that wave hits.
And getting an early DCA and dollar cost averaging is strategic.
And why do I say do it in an IRA?
Tax advantage settings.
If you're going to have this benefit, the government very rarely gives us something, right?
They usually just give us more taxes and bills and problems.
Reagan said it best.
The last words you want to hear is I'm from the government and I'm here to help.
And so but with IRAs, they gave us this ability to if you're in a Roth for years, for example, you can trade and buy and sell all day long, never have a tax capital gains implication.
So it's tax free growth.
And then once you reach retirement, you'll be able to take that money out tax-free.
That's $100,000.
So if $5,000 turns into $5 million, all of that is tax-free.
You do that on any major exchange, crypto, Coinbase, crack, and any of those, you're going to have to belly up that.
A fat tax.