How to add Bitcoin to your Isa and profit tax-free

SourceThe Telegraph
SectorFinancial Markets
CountryMiddle east

Advocates of cryptocurrencies argue that over the long term, prices will go higher due to a limited supply of tokens and increase in demand as more and more companies and investors move to embrace digital money. Bitcoin is the original and still the most important cryptocurrency, but it cannot be owned directly in traditional tax-efficient accounts such as Isa and pensions. Gains made outside of such accounts are liable for capital gains tax which could eat up 10-20pc of the profits after a £12,300 allowance.

There are, however, a number of ways investors can track the value of Bitcoin and other cryptocurrencies via Isas and pensions. Telegraph Money takes you through the best options. Argo Blockchain Bitcoin is “mined” by computers solving complex calculations which get gradually harder over time. There are currently 18.5m Bitcoins in circulation and the final ones are expected to be mined in 2140, meaning that there is still plenty of time for companies involved in...read more...