We have passed the 15-year anniversary of the start of the cryptocurrency market with the release of Bitcoin in 2010. It is estimated today that 1 in 5 people in the U.S. trade in cryptocurrency. With the recent changes in the legislative landscape this number is poised for substantial growth. In addition, there will be natural evolution towards "smart contracts" powered by AI and the integration of cryptocurrency as the payment mechanism. For these reasons, it is important for every CPA to have a baseline understanding of the cryptocurrency marketplace and the technology it is built on.
Learning Objectives
• Recognize the current state of the cryptocurrency marketplace and the technology that supports it
• Identify key developments in cryptocurrency and blockchain technology
Major Topics
- • Blockchain technology primer
• Cryptocurrency technology primer
• Update on the cryptocurrency marketplace
• Cryptocurrency exchanges - the good, the bad and the ugly
• Overview of cryptocurrency taxation and legislation
• Smart contracts - what they are and how they work