Choice will allow tax free Bitcoin Investment

A $18 million fund management company, Choice announced their iOS app that will help U.S citizens to buy Bitcoin without paying tax.

In the present time huge numbers of fund management companies are showing their inclination in crypto Investment, specially in Bitcoin & Ethereum. This time Choice fund management company comes into this crypto market with their plan to sell Bitcoin without any tax.

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On 12 August, Choice announced their launch of an application on the iOS platform. Their application will allow the U.S citizens to buy Bitcoin without going through the tax system. The launch of the application will help them to meet the real Investors which really need a better platform to invest funds within matters of clicks.

Ryan Radloff, CEO of Choice stated that 

“Now, the moment you decide you want to invest in your future, you can open your phone, create an account and start trading thousands of assets — including bitcoin— all from the palm of your hand, all without capital gains taxes”

So clearly, every user at their app platform will be able to do trade also with thousands of assets. And the gain of the capital will remain tax free. 

According to Choice, there are around $15.2 million people in the U.S, who own Bitcoin and also retirement accounts. But unfortunately they don’t have Bitcoin in their portfolio. So now they will provide such people in the U.S to buy Bitcoin for their retirement portfolio. And their platform will allow them to gain profit on Bitcoin tax free and all the process to buy Bitcoin will be convenient also. 

It is worth noting that Choice is tapping into a gigantic market with this move. They want to give the right to the people to grab Bitcoin in retirement accounts tax free.

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