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⚡️Trump asks Supreme Court to pause imminent TikTok ban
Donald Trump's attorneys have requested that the Supreme Court pause an impending ban on TikTok, which requires its owner, ByteDance, to sell the app or face a ban in the U.S. set for January 19. The request comes just before Trump's inauguration and claims this timing disrupts his ability to manage foreign policy. Trump's lawyers argue that he has the expertise to negotiate a resolution that addresses national security concerns while preserving the platform.
The law, known as the Protecting Americans from Foreign Adversary Controlled Applications Act, has been challenged by ByteDance on constitutional grounds. Supporters of the ban cite national security threats from potential data collection by the Chinese government, while civil liberties groups have expressed concerns about free speech and the lack of credible evidence of harm from TikTok.
⚡️Trump asks Supreme Court to pause imminent TikTok ban
Donald Trump's attorneys have requested that the Supreme Court pause an impending ban on TikTok, which requires its owner, ByteDance, to sell the app or face a ban in the U.S. set for January 19. The request comes just before Trump's inauguration and claims this timing disrupts his ability to manage foreign policy. Trump's lawyers argue that he has the expertise to negotiate a resolution that addresses national security concerns while preserving the platform.
The law, known as the Protecting Americans from Foreign Adversary Controlled Applications Act, has been challenged by ByteDance on constitutional grounds. Supporters of the ban cite national security threats from potential data collection by the Chinese government, while civil liberties groups have expressed concerns about free speech and the lack of credible evidence of harm from TikTok.
Like a stock, you can buy and hold Bitcoin as an investment. You can even now do so in special retirement accounts called Bitcoin IRAs. No matter where you choose to hold your Bitcoin, people’s philosophies on how to invest it vary: Some buy and hold long term, some buy and aim to sell after a price rally, and others bet on its price decreasing. Bitcoin’s price over time has experienced big price swings, going as low as $5,165 and as high as $28,990 in 2020 alone. “I think in some places, people might be using Bitcoin to pay for things, but the truth is that it’s an asset that looks like it’s going to be increasing in value relatively quickly for some time,” Marquez says. “So why would you sell something that’s going to be worth so much more next year than it is today? The majority of people that hold it are long-term investors.”
Should You Buy Bitcoin?
In general, many financial experts support their clients’ desire to buy cryptocurrency, but they don’t recommend it unless clients express interest. “The biggest concern for us is if someone wants to invest in crypto and the investment they choose doesn’t do well, and then all of a sudden they can’t send their kids to college,” says Ian Harvey, a certified financial planner (CFP) in New York City. “Then it wasn’t worth the risk.” The speculative nature of cryptocurrency leads some planners to recommend it for clients’ “side” investments. “Some call it a Vegas account,” says Scott Hammel, a CFP in Dallas. “Let’s keep this away from our real long-term perspective, make sure it doesn’t become too large a portion of your portfolio.” In a very real sense, Bitcoin is like a single stock, and advisors wouldn’t recommend putting a sizable part of your portfolio into any one company. At most, planners suggest putting no more than 1% to 10% into Bitcoin if you’re passionate about it. “If it was one stock, you would never allocate any significant portion of your portfolio to it,” Hammel says.
