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Ric Edelman Unplugged

The Compound and Friends

CHAPTER

How to Avoid the FTX Rule in Crypto

There's a huge gap of education. Most advisors don't know this that bitcoin is not subject to the wash sale rule. Last year when bitcoin was down 70 percent You could tell your client to sell it immediately rebuy it preserve the allocation while capturing the tax loss Think of the value add you're giving your client without ever having anything to do with whether you're telling them to buy it or not. I put it in the category kind of like annuities We all have strong opinions about annuities love them or hate them But not as strong as can but yeah, even if you hate annuitiesyou understand how they work. More advisors become more interested in learning about it when

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