Why Bourbon Barrels Are The Perfect Complement For Cryptocurrency Investors
With the considerable volatility of cryptocurrencies it is important for investors to diversify their portfolio with stable assets that can protect wealth in the event that digital holdings get rocked at some point in the future. It is for this reason that many prominent cryptocurrency investors are complementing their wallets with investments in tangible assets such as property, art and collectibles. But among the most compelling of these tangible assets stands a surprising option: whiskey barrels.
Cryptocurrency’s Perfect Complement: Bourbon Barrels
With the considerable volatility of cryptocurrencies it is important for investors to diversify their portfolio with stable assets that can protect wealth in the event that digital holdings get rocked at some point in the future. It is for this reason that many prominent cryptocurrency investors are complementing their wallets with investments in tangible assets such as property, art and collectibles. But among the most compelling of these tangible assets stands a surprising option: whiskey barrels.
The Similarities In Cryptocurrency And Bourbon Barrel Investment
There are several ways in which Bourbon Barrel investment parallels cryptocurrencies. The first is that there are currently no government reporting requirements for Bourbon Barrel investments. Investors are still legally required to report any capital gains realized upon exiting their investments, but the assets themselves do not fall under the same automatic reporting requirements as stock purchases, bullion purchases or currency exchanges.
The second way in which Bourbon Barrel investment is similar to cryptocurrency is that investments do not require taking physical possession of the asset. In fact, Bourbon Barrels are required to remain in a bonded warehouse for the entire aging period. This means that while the investor controls the rights to the barrel, they don’t need to hassle with storage like what is required for most other types of tangible assets.
The Advantage Of Pairing Cryptocurrencies With Bourbon
Bourbon Barrels might not deliver the astronomical levels of returns that cryptocurrencies have achieved, but the stable returns that have averaged approximately 16% per annum give investors peace of mind. By developing an investment strategy that combines cryptocurrency with bourbon barrel investment and other tangible assets, investors can build a portfolio that will stand the test of time.
