Bitcoin Investment Guides & Wealth Management Resources

Free educational resources on Bitcoin portfolio allocation, tax strategies, estate planning, and custody solutions for high-net-worth investors.

Bitcoin Resources & Tools

State-by-State Bitcoin Tax Overview

Bitcoin is treated as property by the IRS at the federal level. State tax treatment varies. Consult a tax professional for specific guidance.

No State Income Tax

  • • Alaska - No state income tax on Bitcoin gains
  • • Florida - No state income tax on Bitcoin gains
  • • Nevada - No state income tax on Bitcoin gains
  • • South Dakota - No state income tax
  • • Tennessee - No state income tax
  • • Texas - No state income tax on Bitcoin gains
  • • Washington - No state income tax
  • • Wyoming - No state income tax, crypto-friendly laws

Crypto-Friendly States

  • • Wyoming - Pioneering blockchain legislation
  • • Colorado - Accepts Bitcoin for tax payments
  • • Arizona - Blockchain-friendly legislation
  • • New Hampshire - "Free State" crypto adoption
  • • Utah - Blockchain and digital asset bills

High-Tax States

  • • California - Up to 13.3% state capital gains
  • • New York - Up to 10.9% state capital gains
  • • Hawaii - Up to 11% state income tax
  • • New Jersey - Up to 10.75% state income tax
  • • Oregon - Up to 9.9% state income tax
  • • Minnesota - Up to 9.85% state income tax

Important: This is general information only. State tax laws change frequently. Always consult with a qualified CPA or tax attorney familiar with cryptocurrency taxation in your specific state.

Professional Certifications & Advisor Education

When selecting a Bitcoin advisor, professional certifications demonstrate expertise and commitment to staying current with digital asset regulations, custody solutions, and portfolio strategies.

DACFP Certification

Digital Asset Council of Financial Professionals

The Financial Professional Track is the most comprehensive and respected certification program for financial advisors specializing in Bitcoin and digital assets. This credential demonstrates mastery of:

  • Digital asset portfolio integration and allocation strategies
  • Tax planning, capital gains optimization, and regulatory compliance
  • Custody solutions, security protocols, and risk management
  • Estate planning and inheritance structures for digital assets
  • Fiduciary standards and best practices for Bitcoin advisory

Why It Matters: Advisors with DACFP certification have completed rigorous coursework and demonstrated competency in digital asset advisory. This certification is recognized industry-wide as the gold standard for Bitcoin-focused financial professionals.

Learn More About DACFP Certification

CFP® + Digital Asset Specialization

Certified Financial Planners with additional Bitcoin and digital asset training combine comprehensive financial planning expertise with specialized digital asset knowledge. Look for CFPs who have completed DACFP or similar digital asset coursework.

CFA with Digital Asset Focus

Chartered Financial Analysts who specialize in digital assets bring deep investment analysis and portfolio management expertise. The CFA Institute has added digital asset curriculum to its program, recognizing the importance of this asset class.

RIA Registration

Registered Investment Advisors (RIAs) are held to a fiduciary standard, meaning they must act in your best interest. When combined with Bitcoin-specific certifications like DACFP, RIA registration provides regulatory oversight and client protection.

Questions to Ask Your Advisor

  • Do you hold DACFP or similar digital asset certification?
  • How many hours of Bitcoin-specific continuing education do you complete annually?
  • What percentage of your clients hold Bitcoin in their portfolios?
  • Are you a fiduciary, and do you provide fee-only services?

Recommended Reading

Essential books for understanding Bitcoin's role in wealth preservation and portfolio management.

Broken Money

by Lyn Alden

August 2023

A comprehensive analysis of why our financial system is failing and how Bitcoin offers a solution. Essential reading for investors seeking to understand monetary history and Bitcoin's investment thesis.

The Bitcoin Standard

by Saifedean Ammous

March 2018

The foundational text on Bitcoin as sound money. Explores monetary history, the gold standard, and Bitcoin's potential as a global reserve currency for the digital age.

The Price of Tomorrow

by Jeff Booth

January 2020

Explores how technology drives deflation and why our inflationary monetary system is incompatible with a deflationary future. Critical context for understanding Bitcoin's value proposition.

Layered Money

by Nik Bhatia

January 2021

A clear explanation of how the monetary system works in layers and where Bitcoin fits as the hardest base layer money. Perfect for understanding Bitcoin's role in the financial system.

The Fiat Standard

by Saifedean Ammous

June 2021

The sequel to The Bitcoin Standard, examining how fiat currency systems work and their economic consequences. Essential for understanding why Bitcoin presents an alternative.

Check Your Financial Privilege

by Alex Gladstein

April 2022

Explores Bitcoin's importance for financial freedom globally, particularly in countries with authoritarian governments or currency instability. A human rights perspective on Bitcoin.

Bitcoin Terminology Guide

Essential terms and concepts every Bitcoin investor should understand.

HODL

Originally a typo for "hold," now means holding Bitcoin long-term regardless of price volatility.

Cold Storage

Storing Bitcoin offline, disconnected from the internet, using hardware wallets or paper wallets.

Multi-Signature (Multi-Sig)

Security setup requiring multiple private keys to authorize transactions, providing enhanced security.

Private Key

Cryptographic code proving Bitcoin ownership, often as a 12 or 24-word seed phrase.

Satoshi (Sats)

The smallest Bitcoin unit. One Bitcoin equals 100 million satoshis (0.00000001 BTC = 1 sat).

Halving

Event every 4 years cutting mining rewards in half, ensuring maximum 21 million Bitcoin supply.

UTXO

Unspent Transaction Output - how Bitcoin tracks ownership, similar to bills and change.

Not Your Keys, Not Your Coins

Principle that only those controlling private keys truly own their Bitcoin.

Lightning Network

Second-layer protocol enabling instant, low-cost Bitcoin transactions.

Hash Rate

Total computational power securing the Bitcoin network, indicating network strength.

Proof of Work

Bitcoin's consensus mechanism requiring miners to expend computational energy.

Time Preference

Economic concept of present vs. future consumption; Bitcoin encourages saving (low time preference).

Investment Options Compared

Side-by-side comparisons to help you choose the right approach for your Bitcoin investment.

Bitcoin ETF vs. Direct Ownership

FeatureBitcoin ETFDirect Ownership
Ease of PurchaseVery Easy - Buy through existing brokerage accountModerate - Requires setting up exchange account or working with advisor
Tax-Deferred Accounts✓ Yes - Can hold in IRA, 401(k), etc.✗ Limited - Requires specialized custodians
CustodyCustodian holds Bitcoin on your behalfYou control private keys (self-custody)
Counterparty RiskYes - Exposure to ETF provider and custodianNo - Direct ownership eliminates counterparties
Fees0.2% - 0.5% annual management feeOne-time purchase fees, no ongoing fees
Security ResponsibilityCustodian handles all securityYou manage security and backup
Best ForRetirement accounts, simplified exposure, traditional portfoliosLong-term holders, those seeking true ownership, larger allocations

Bitcoin Custody Solutions Compared

SolutionSecurity LevelTechnical SkillBest For
Exchange CustodyLow - Counterparty riskNone requiredSmall amounts, active trading
Hardware WalletHigh - Self-custodyBasic to ModerateMost individual investors, medium to large holdings
Multi-SignatureVery High - Distributed controlModerate to AdvancedLarge holdings, inheritance planning, institutional
Institutional CustodyHigh - Regulated, insuredNone requiredVery large holdings ($1M+), institutions, trusts
Collaborative CustodyVery High - Multi-sig with serviceBasic with supportHigh-net-worth individuals wanting guidance

Common Questions About Bitcoin Investing

Ready to Take Action?

Education is important, but personalized guidance from a Bitcoin-friendly advisor can help you turn knowledge into action.