According to IRS, the average tax reimbursement for the 2025 season is $ 3271 by March – a bigger wind than many taxpayers will see throughout the year. America 24/7 Consumer Culture does not offer a shortage of ways to blow everything about those who just can’t resist the temptation of shiny things.
Learn more: 6 reasons your tax recovery will be higher in 2025.
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However, many others will launch their refunds for better use by using the money to pay off debt, building an emergency fund or investing – and the latter is where things become interesting.
A new study by the consumer research platform found that almost one of four taxpayers plan to use their recovery to buy cryptocurrency, with Millennials being most likely to convert its payment from Uncle Sam into digital tokens.
But crypto investing an intelligent move for Millennials – and can it be for you?
Cryptocurrency is a unique class of assets, but with regard to the purchase decision, it is the same as any other investment: it is the right choice if it matches your risk tolerance, time horizon, budget, investment strategy and goals and if the time, price and market conditions are correct.
SEC offers a list of these and other common considerations to weigh before deciding on any investment – and cryptocurrency is no different.
Think of it: 13 cheap cryptocurrencies with the highest potential up for you
While the preliminary evaluation of whether to add cryptocurrency to your portfolio is approximately the same as it would be for any other asset class, digital coins are available with unique and potentially significant benefits and disadvantages that separate them from shares, bonds and others.
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Potential for increased returns: Bitcoin launched trade in 2019 at about $ 3800. By the beginning of 2025, a marker sold for more than $ 90,000 – and these types of huge profits were not unique to Bitcoin. Many cryptocurrencies offer the potential for a huge return that markets, bonds and real estate usually cannot match.
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Increasing basic maintenance: Crypto is still in the early stages compared to the traditional fiat currency, but it appeared from the niche angles of the investment world in the main stream. More and more coins are providing a utilitarian function in the real world, more businesses are accepting cryptocurrency as a payment, some cryptocurrencies are publicly traded, and some ETF already includes digital assets in their participation.
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Easy accessibility: With a wallet and Wi-Fi, you can access your cryptocurrencies around the clock at any time.