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FTX & Binance Fued. Crypto Beef! Will this Crash the Market?

Posted on November 8, 2022

FTX & Binance Fued. Crypto Beef! Will this Crash the Market?

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CRYPTO WILL MELT FACES — Raoul Pal November 2022

BINANCE TO BUY FTX??!!

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Digital Currencies are a highly speculative investment. Digital Currencies are a relatively new asset with a limited and at times volatile track record. The exchanges are unregulated and certain ones have experienced service outages that have prevented them from executing trades for periods of time. Further, the regulatory framework governing Digital Currency is unsettled and constantly evolving, both in the United States and abroad. In Bitcoin Advizers’s opinion, Customer should only invest retirement funds in Digital Currency that Customer has reserved for highly speculative investments and that customer is willing to lose completely.

IRA Disclaimer: Bitcoin Advizers is not a legal or tax professional and makes no representations regarding the tax consequences of holding Digital Currency, or any particular Digital Currency, as an investment in an individual retirement account (“IRA”). Bitcoin Advizers makes no representation that Digital Currency in general or any particular Digital Currency is an IRA-compliant investment. Bitcoin Advizers also notes that certain wallet providers may store Public and Private Keys on servers located outside the United States and that such storage may render the Digital Currency non-IRA-compliant, which may affect the tax-exempt status of Customer’s IRA or render the transaction a distribution. Bitcoin Advizers further notes that whatever the current legality of holding Digital Currency or any particular Digital Currency as an investment in an IRA, the rules and regulations applicable to holding Digital Currency as an investment in an IRA are subject to change at any time.

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