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WFP Law – Cryptocurrency Protection Attorneys
There was a time when the US dollar was backed by gold. If you had a dollar bill, you could take it to the government at any time and trade it in for a fixed amount of gold. After the Great Depression, and the country lost faith in the Federal government’s ability to control the value of the dollar, President Roosevelt made the decision to leave the gold standard, before everyone attempted to trade in their United States issued paper currency. When FDR told his advisers about the decision, the assistant secretary of the Treasury resigned and another adviser said it would be the end of Western Civilization as we know it. The experts then were wrong about the gold standard and the experts now are wrong about cryptocurrencies.While many economists think of Bitcoin, Ethereum and other cryptocurrencies as fleeting game tokens traded by millennials and Gen-Zers, they fail to realize that more than 21 million adults in the United States own some form of cryptocurrency. That equates to 14 percent of the population, while only 11 percent of the population owns gold. Let that sink in. More Americans own cryptocurrency than gold, yet gold is considered to be safe and reliable, while cryptocurrency is considered to be risky and fraudulent. Cryptocurrency is here to stay, which is why WFP Law has focused an entire section of our law firm to the protection and succession of cryptocurrency investments.For more information on successful techniques for the protection of your cryptocurrency assets, creating estate plans for the succession of cryptocurrency assets, or the probate administration of any cryptocurrency assets not already held in Trust, please contact the South Florida law firm of WFP Law, P.A. at 954-944-2855 to schedule your free consultation. It’s a Wild world. Are you protected?
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