In recent years, more and more US residents are interested in investing in cryptocurrencies like memecoins PEPE and BONK. These assets offer lightened tax policies, making them attractive for use in retirement investments.

Tax Benefits of Investments

Retirement accounts like Traditional IRA and Roth IRA offer different tax benefits. In a Traditional IRA, taxes are deferred until funds are withdrawn during retirement. In a Roth IRA, taxes are paid upon contribution, but profits can be withdrawn tax-free if certain conditions are met.

The Rise of Memecoins

iTrustCapital announced the introduction of memecoin PEPE trading on their platform. Launched in April 2023, memecoin PEPE is particularly popular with US citizens as it allows tax minimization when investing through retirement accounts. Additionally, iTrustCapital added another memecoin, BONK, to their platform.

Comparing Tax Advantages

If an investor buys PEPE on a public exchange and it appreciates, capital gains taxes would be substantial. However, the same gain within a Roth IRA is tax-free, allowing investors to reap net profits without tax deductions.

Memecoins PEPE and BONK have become popular among investors using retirement accounts due to tax benefits. Yet, as with any investment, it is crucial to consider all risks and analyze decisions thoroughly.