Crypto Caution: Be Wary of Digital Assets | Quick Tax Tip
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Crypto Caution: Be Wary of Digital Assets | Quick Tax Tip
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About this listen
Treat cryptocurrencies like the next dot-com bubble.
Quick Tax Tip
With Art Werner
CPE Today
As cryptocurrencies continue to infiltrate everyday investment portfolios and client conversations, seasoned tax educator and CPA Art Werner offers a stark warning to practitioners: “Crypto concerns me—and I think it should concern accountants.”
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In a recent episode of Quick Tax Tips with Art Werner, the well-respected tax advisor and educator peels back the hype to expose the risks tax professionals and their clients face when navigating the unpredictable world of digital currency. With over 20,000 cryptocurrencies in existence globally and little regulation governing many of them, Werner believes the speculative nature of crypto investments resembles past financial manias—with potentially devastating consequences.