There are a lot of risks when it comes to SMSFs. Before you start investing using your SMSFs, you need to know the self managed super funds pros and cons.
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Bitcoin bull market, is it set to continue?
With the price of bitcoin (~USD$32K) sitting at close to half of what it was in mid-April (~USD$64K), it has many market participants questioning if that was the top for the current bull market. Though it is a significant pull back from the high’s, there are a number of reasons to conclude that this isContinue reading “Bitcoin bull market, is it set to continue?”
Benefits When You Buy Bitcoin with Superannuation in SMSF
Learn the benefits when you buy bitcoin with superannuation in SMSF.
Bitcoin Superannuation Fund
A Bitcoin superannuation fund currently doesn’t exist in the same format as a traditional retail super fund in that you can’t make your superannuation guarantee contributions direct from an employer to a Bitcoin super fund as would normally occur with fiat contributions. Bitcoin funds exist internationally, with a hugely popular investment fund based in AmericaContinue reading “Bitcoin Superannuation Fund”
Bitcoin digital scarcity and the Stock-to-Flow model
Prior to Bitcoin, digital scarcity did not exist. It is the first ever digitally scarce asset with a finite supply. No more than 21 million bitcoins will exist. The bitcoin code was developed by Satoshi with this hard cap supply. Further scarcity has occurred due to the lost coins in the early beginnings of bitcoinContinue reading “Bitcoin digital scarcity and the Stock-to-Flow model”
BTC
Why should you buy bitcoin with your superannuation? With the price of btc currently hovering around USD$18,000 per coin, owning one or several bitcoins seems out of reach for everyday Australians. Wage income generally services mortgage debt with minimal savings left to invest in digital currency. Superannuation unlocks the potential for people to invest andContinue reading “BTC”
Bitcoin is currently a drop in the ocean of superannuation assets
The total amount of bitcoin held in Australian self-managed superannuation funds is currently immaterial in relation to the $2.9 trillion that is held under management with traditional investments, specifically the property and equity markets. The SMSF assets invested and held by Australians total $676bn, with less than 1% of this portfolio as BTC. Get offContinue reading “Bitcoin is currently a drop in the ocean of superannuation assets”
Bitcoin Whitepaper
The bitcoin whitepaper, published on 31st October, 2008 was the foundational document for the framework of the electronic payment network. The paper was the blueprint for trustless payments on a distributed ledger called the blockchain that would enable verifiable transactions without a centralised database or central authority. That is, no bank or financial institution isContinue reading “Bitcoin Whitepaper”
Bitcoin supply
Bitcoin (BTC) is a digital currency that operates on a distributed peer-to-peer network with a finite supply of 21 million bitcoin. There is no single individual that controls it and there is no central point of failure due to its global decentralised nature. The 21 million btc supply is the first creation of digital scarcityContinue reading “Bitcoin supply”
Bitcoin electronic cash
Bitcoin was created in 2008 by Satoshi Nakamoto, then first mined and used as distributed ledger technology in 2009. As the network grew, the bitcoin network began to be used for payments, the original vision for bitcoin as electronic cash. May 18th 2010, two pizza’s were purchased for 10,000 bitcoins, the value at the timeContinue reading “Bitcoin electronic cash”