October 2021

Assembly candidate: New Jersey should mine Bitcoin to pay off its debts

New Jersey ranks 50 out of 50 when it comes to its financial state. According to Truth in Accounting, New Jersey has accumulated $189.6 billion (as of September 2020) in debt. Ballpark best guess, we each owe $57,900 — and we have Trenton insiders to thank for this ever-escalating burden. The state’s financial grade is an F and we are going to have to get creative to settle our accounts. I’ve not even mentioned the over $225 billion in retirement...

September 2020

Bitcoin As a Retirement Plan Investment?

The cryptocurrency is legally permissible as a 401(k) investment under ERISA, but some plan sponsors may have questions about whether it is prudent. Bitwage launched what it touted as the “world’s first Bitcoin 401(k) plan” in May. Bitwage provides cryptocurrency payroll and invoicing services. It says the 401(k) offering is a four-way strategic collaboration between Bitwage, Leading Retirement Solutions, Kingdom Trust and Gemini. Leading Retirement Solutions provides the administration and recordingkeeping for the 401(k) plan. Kingdom Trust is the custodian,...