So Flippin' Easy - Flip Thru
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So Flippin' Easy
Regular Bitcoin ATM users already know that CoinFlip makes converting cash to crypto so flippin’ easy.
We are so excited to partner with actor and long-time crypto investor Neil Patrick Harris to help spread that word!
Watch NPH level up his $20 bill in our new ad campaign below.
Curious which other celebrities are keen on crypto?
Below, find ten celebrities who have publicly declared their love for crypto.
Bitcoin Is More Bullish Than Ever
Despite the dip, the Bitcoin market is as bullish as ever, with many exciting updates within the space.
Top White House Advisor is Long on Bitcoin
President Biden's top antitrust expert, Tim Wu, holds between $1 million to $5 million in Bitcoin, according to a recent report from Politico. Wu is long on crypto, with BTC comprising the majority of his investment portfolio.
Wu's position in the White House is not directly related to crypto. Still, he will advise the president against centralized control, Big Tech's oversized power, and ensuring non-discriminatory access and usage of the internet. It comes as no surprise that Wu's antitrust agenda lines up perfectly with Bitcoin's fundamental principles.
More Countries Are Looking to Bitcoin
Last week El Salvador announced that it had become the first country in history to begin accepting Bitcoin as legal tender. If you haven't seen CoinFlip CEO Ben Weiss's analysis on the monumental news, I highly suggest checking it out.
Since El Salvador's announcement, more countries have expressed considerations of implementing a bitcoin economy, mainly in Latin America. However, Bitcoin may also be coming to Africa. CryptoNews has reported that Tanzanian President Samia Suluhu Hassan has instructed the Central Bank of Tanzania to "prepare for the use of cryptocurrencies and blockchain technology."
Crypto Charities Help Lessen Crypto Tax Burden
A new bitcoin-friendly growth fund for clean water was announced at the Bitcoin 2021 conference in Miami. Since its launch a few weeks ago, the fund, called the Bitcoin Water trust, has received more than 36.771 BTC in donations worth around $1.4 million, according to its website.
The Bitcoin Water Trust presents a new model for charitable giving, referred to as the HODL MODL. The trust will adopt the Bitcoin community's HODL mentality by accepting BTC donations and not touching those donations until 2025. The idea of the HODL MODL is that today's contributions will make an even more significant impact in the future as bitcoin's price grows.
Donating crypto has some major benefits outside of simply delivering goodwill - it can reduce your tax burden. Donating crypto is a non-taxable event, so donations mean you can avoid paying capital gains taxes on appreciated crypto and get a fair market value deduction for what you donated. Plus, there is the bonus that the charity receives an even larger donation over time than if you just donated in fiat.
CoinFlip in the News
CoinFlip Named Chicago’s Fastest-Growing Company by Crain’s Fast 50 - Built In Chicago
TV star touts crypto and CoinFlip in new ads - Chicago Business Journal
CoinFlip: Chicago's Fastest Growing Company - Crain’s Chicago Business
El Salvador Makes Bitcoin Legal Tender - Global Finance