Recent News

📰 News Highlights

• Canada rescinds Digital Services Tax after Trump cuts off U.S. trade talks
  Canada folded after Trump cancelled all trade talks with Canada because of the Digital Services Tax that would tax large tech companies on revenue earned from Canadian users.

• New Vanguard report: Americans are saving for retirement at record levels
  Mainly driven due to more employers automatically enrolling new employees in their retirement plans with no waiting period.

• ‘Revenge saving’ picks up as consumers brace for economic uncertainty
  71%, of Americans say they plan to shift their savings approach this summer to prioritize emergency savings and flexibility, according to a new Vanguard survey. Go us (or U.S.)!

The Brief

Big Moves Happening With Crypto

The Federal Housing Finance Agency is going to allow borrowers to use crypto as part of their federal mortgage applications without converting it to cash. The Federal Housing Finance Agency (FHFA) has issued a directive ordering Fannie Mae and Freddie Mac to formally consider cryptocurrency as an asset in single-family mortgage loan risk assessments. 

First, Fannie Mae and Freddie Mac must design safeguards to account for crypto’s volatility and submit their plans to the FHFA.

This is as $BTC is touching all-time-highs and Michael Saylor of Strategy hints at buying for the 11th consecutive week.

I’m not the biggest Bitcoin bull, but it’s too big to ignore. Regardless of the skepticism, which I totally understand, Bitcoin has been around through the cycle of ups and downs and has surpassed to unbelievable heights. Every bull run is driven by speculation and crypto itself is speculative. 

The crypto industry has certainly faced its share of challenges, including exchange hacks and "rug pulls", which have unfortunately harmed its reputation. However, despite these setbacks, the overall trend for crypto remains positive. We're seeing increasing adoption from major financial institutions investing in Bitcoin, the establishment of a Bitcoin exchange-traded fund (ETF), and a more supportive stance from the federal government.

This pattern is a major reason why I signed up for the Gemini Bitcoin Credit Card.

Sign-up Offer: $200 in Crypto after spending $3,000 within 90 days (plus $50 using my referral link)  

While I’m a supporter of crypto, I’m not buying crypto with every extra dollar I have like some people are. Using this credit card is a way to get more crypto without using my own dollars to convert to crypto.

Gemini Credit Card offers:

• 4% on gas, EV charging, transit, taxis and rideshare services up to $300/month

• 3% on food and dining

• 2% on groceries (not wholesale stores)

• 1% on everything else

Since having this card, I’ve earned over $380 in Bitcoin from my normal spending thanks to its generous reward categories and it’s become my primary card of choice.

Recommendations

🔧 Toolbox

This section will showcase the tools I use for anything. I love trying new things so I’ll share what I’m using and why:

• The budget app you need (link): For anyone who wants to know where their money is going, this budget app will help you budget, plan, and do more with your money!

• Real estate banking and rental management platform (link): If you have any rental properties, this is the platform you should be using. Every transaction that happens within my portfolio shows up in bookkeeping and I can link external accounts like my credit card so it auto-imports. Best of all, my tenants can automate paying rent.