https://nyti.ms/2Za4LfD



points form the article:





- As Bitcoin’s Price Surges, Affluent Investors Start to Take a Look



- Cryptocurrencies, originally a way to conduct business outside the financial system, are increasingly seen as an asset akin to private equity or venture capital.



- price of a single Bitcoin has gone from zero to over $30,000 in that time.



- ramifications of including Bitcoin and other cryptocurrencies in portfolios as well as trusts,



- investors comfort are the custody and other back-office financial services that lower the risk of the currencies being lost or stolen.



- cryptocurrencies are, in some ways, more like old-time bearer bonds



- 20 percent of the 18.5 million Bitcoin in existence have apparently lost their keys



- still look at it as a venture style of investing,” Mr. Willian said.



- treat digital assets the same as other investments in their portfolio. That will allow them to pay whatever tax they owe but also to make plans for gifts and bequests to heirs through an estate plan.



- combines humans and algorithms to securely move cryptocurrencies from “cold” storage, when the device holding the keys is not connected to the internet, to “hot” storage, where the Bitcoin is connected to the internet



- prudently managing the asset itself, given its volatility, in the context of other assets in the trust.



- Jurisdiction over disputes rests with the location of the property, not where the trust was set up.



- Internal Revenue Service Form 1040, filers are asked if they bought or sold any virtual currency that year.

Disclaimer: This communication is for information purposes only not an investment recommendation.