In April of this year, Reuters reported that Visa Inc. topped Wall Street targets for quarterly profits and raised its full-year earnings forecast as more people use credit cards worldwide to buy everything from gas to online goods.
Fiduciary businesses in Switzerland were cheering on April 26, 2018, when the Legal Affairs Committee of the upper house of the Federal Assembly of Switzerland — the Council of States (LAC-S) — approved the parliamentary initiative to introduce a Swiss substantive trust law.
We feel it makes good sense for any individual to hold a significant portion of their assets in Switzerland. This is also a good idea even if it is only for diversification purposes and the main bank relationship or wealth is still held elsewhere.
I believe that eventually, digital currencies will become reserve currencies and all governments, institutions, and major asset managers, including pension funds, will allocate funds into cryptocurrencies.