From NASDAQ

April 14, 2025 3:00:00 pm:

The IRS reports that the average tax refund for 2025 is $3,271, tempting taxpayers to spend on consumer goods. However, some are paying off debt or investing in cryptocurrency, with millennials leading the trend, according to a study by Attest. Consider crypto’s pros and cons before making an investment decision, as per the SEC.

Cryptocurrency offers the potential for high returns but comes with extreme volatility and regulatory uncertainty. Investors must safeguard their assets and understand tax implications, as the IRS taxes crypto as property. Evaluate if crypto aligns with your risk tolerance, financial goals, and market conditions before investing, advises experts.

Read more at Nasdaq.: Many Millennials Are Using Their Tax Refunds To Buy Crypto: Should You?