
Best Ice Makers
CNET staff -- not advertisers, partners or business interests -- determine how we review products and services. If you buy through our links, we may earn a commission.
Ice: The one thing a summer hang can never have enough of. The best countertop ice makers will have a bin full of nugget, bullet or cocktail ice that is never out of reach. A standalone model is particularly valuable if your fridge doesn't have a built-in ice maker or it can't keep up with consumption. There are also specialty ice makers to make the fanciest cubes you'll find outside of a speakeasy.
Just a few of the ice makers we tested to find the best in class.
David Watsky/CNET
To find the best ice makers to keep the party going, I tested 10 machines. The models I evaluated varied widely in price, ice type and size, so there are picks on this list to accommodate specific frozen water requirements. If you're a consummate host of big outdoor bashes -- and where's our invite? -- consider a large-capacity ice maker versus a smaller model with limited output.
What's the best ice maker for 2025?
After weeks of testing and lots of cold beverages, we found GE Profile's Opal 2.0 Nugget Ice Maker with water tank to be the best ice maker overall. The larger machine pumps out mountains (3 pounds to be exact) of chewable nugget ice that's perfect for icy spritzes, chilled lemonade and blends into smoothies with zero resistance.
A version of this ice maker has been around for more than a decade -- we tested the first generation model in 2016 and liked it then -- so we have faith it'll stand the test of time, which is key for an appliance type that's not known for longevity.
But there are other ice makers made for smaller spaces or specialty cocktails that could be a better fit for your summer soiree. Read on for our picks for the best ice makers for 2025.
GE Profile
Photo Gallery
1/3
GE Profile
Best ice maker overall
GE Opal 2.0 Nugget Ice Maker + Water Tank
Pros Makes crunchy nugget ice, great for chewing or cocktails
The large removable water means you don't have to constantly refill
Quiet and easy to use
The design is pleasing
Cons The most expensive nugget ice maker on our list
Larger than most so it might not fit on your kitchen counter
Why I liked it:
The Opal Nugget 2.0 ice maker had one of the fastest ice outputs of the models we tried. It also has the largest capacity, able to hold three pounds at once and produce more than 35 pounds of ice in a single day. The large .75-gallon side water reservoir on the 2.0 comes in handy when you're hosting and don't want to bother with refilling constantly. The Opal is also relatively quiet and easy to use.
Why we chose this model over GE's other Opal ice makers is the removable reservoir that is far more convenient than the built-in water tank found on the brand's other models.
Who is it for:
If you need large quantities of ice and have the space to house it, the Opal will provide the most ice to keep drinks cold and party guests happy. The Opal has a pleasant design and an easy-access bin with a caddy for the ice scoop on the side so you never lose it.
Who should avoid it:
If you don't require loads of ice regularly, the Opal may be more ice maker than you need. It's significantly larger than the other ice makers on our list so it may not be the best pick if you plan to keep it in the kitchen. It also costs about $579 so it's not a budget buy.
Note: Our pick is for the Opal 2.0. The Opal 2.0 XL is identical except for a slightly larger 1-gallon reservoir but costs $149 more. There is also a line of Opal ice makers with a built-in reservoir, which is less convenient to fill than the removable reservoir.
...
Show more
Get it now
$500 at Amazon
$529 at Walmart
$600 at Target Specs & Configurations
Ice type
Nugget
Ice capacity
3 lbs
Ice made per day
38 lbs
Dimensions
17.5"D x 13.43"W x 16.5"H
Colors available
Silver, carbon, powder blue, white
Cleaning cycle
Yes
Removeable Water Tank
Yes
Price
$300
Add to compare
Frigidaire
Photo Gallery
1/2
Frigidaire
Best ice maker for most kitchens
Frigidaire
Pros Made ice faster than any other nugget ice maker we tested
Simple to use
Classic design with several colors available
Good value considering the performance
Cons The ice bucket feels a little cheap
No holder for the ice scoop
Why I like it:
This simple nugget ice maker quickly and efficiently turned 2 quarts of water into crunchy ice. It isn't decked out with special features like others on this list but it has a cleaning cycle that is recommended to run with distilled vinegar every so often to keep scale from building up.
I appreciated the removable reservoir, which allows you to keep the machine anywhere in the kitchen. Those with built-in water tanks must either be placed near the sink or you'll have to find a vessel to bring water over to refill.
Who should get it:
This ice maker is quiet, works well and is a modest size, making it a great pick for most kitchens. It will take up about the same amount of space as a 4-quart air fryer so you'll need to budget some counter space. That said, it's roughly half the size of the GE Profile Opal.
Who should avoid it:
If your ice needs are particularly great, this mid-sized model may not be able to keep up. Two and a half pounds of ice may sound like a lot, but during a summer party with 10 or more guests, it'll go fast. A full batch of ice takes about an hour, so you can expect to fill it somewhat regularly throughout your event.
...
Show more
Get it now
$300 at Amazon Specs & Configurations
Ice type
Nugget
Ice capacity
2.5 lbs
Ice made per day
44 lbs
Dimensions
16.75"D x 11.75"W x 20.25"H
Colors available
Blue, black, silver, cream
Removable water tank
Yes
Price
$300
Add to compare
Ecozy
Photo Gallery
1/2
Ecozy
Best smart ice maker design
Ecozy
Pros My favorite design of any ice maker we tested
Love the top-open door revealing ice bin and water tank
Keeps ice super cold after making
Cons Smart features seem mostly unnecessary
Digital screen is busy
Less familiar with the brand, which makes me nervous about longevity
Why I like it:
This ice maker had my favorite design of all the models tested. The slick top-open door reveals an ice basket and easy-fill removable reservoir. The Ecozy also made its soft nugget ice fast, churning out 2.5 pounds in just more than an hour. It makes slightly less ice per day than the Frigidaire but still enough for the average household not to fall behind.
The Ecozy's smart features are fun, but I didn't find myself using them often. The ice maker is Wi-Fi enabled so you can start and stop the cycle remotely if you choose. However, you'll still have to return to manually fill the reservoir so remote control isn't a major boon.
This machine sports an LED light to show ice bin fullness without opening it. It also tells you the air and water temperatures but I struggled to see how this would be helpful other than to plan how long the ice would keep from melting. The insulated chamber was useful as this machine kept its ice frozen for several hours after it was made, even when I turned it on.
Who should get it:
Smart home aficionados will appreciate the Ecozy's extra features, such as app control and temperature readouts. While it doesn't filter water, the machine also reads the water's total dissolved solids, so you can haul in a separate filter system if the quality is poor.
Who should avoid it:
My biggest concern with this ice maker is my lack of familiarity with the brand. Because it sports all those smart features, there are more elements that could potentially break or glitch over time, although everything ran smoothly in my weeks-long test.
...
Show more
Get it now
$360 at Amazon
$400 at Best Buy Specs & Configurations
Ice type
Nugget
Bin capacity
2.6 lbs
Ice per day
40 lbs
Dimensions
9.33"D x 14.01"W x 15.51"H
Colors available
Black
Cleaning cycle
Yes
Removable water tank
Yes
Price
$400
Add to compare
Igloo
Photo Gallery
1/2
Igloo
Best cheap ice maker
Igloo
Pros A bargain at less than $100
Made bullet ice fast and kept it cold
Handle is convenient for bring ice outside or to another room
Cons Makes a small amount of ice
What I like:
The Igloo is about as simple as ice makers get but it made bullet ice fast and kept it frozen. The ice maker is relatively quiet and takes up very little counter space. I loved the handle that lets you easily lug a full batch of ice, which takes about an hour to make, outside or into another room.
It also made its first ice cubes faster than any machine, churning out nine cubes in less than 8 minutes.
Who is it for:
For those who need just a small supplemental supply of ice, the Igloo's $95 machine won't bust your wallet or crowd your counter. It works consistently
Who should avoid it:
This is a small-capacity ice maker. It holds just 1.25 pounds of ice and makes only 26 pounds total per day so you'll need to run and refill it often to keep up with even modest demand from a group. You can always batch ice and stick it in the freezer, but that requires planning ahead so consider this machine's output before you decide to buy.
...
Show more
Get it now $90 at The Home Depot $95 at Wayfair Specs & Configurations
Ice type
Nugget
Bin capacity
1.25 lbs
Ice made per day
26 lbs
Dimensions
12.2"D x 9.06"W x 12.8"H
Colors available
Black, light blue
Removeable water tank
No
Cleaning cycle
Yes
Price
$95
Add to compare
Klaris
Photo Gallery
1/3
Klaris
Best ice maker for whiskey drinkers
Klaris Craft Ice Maker
Pros The 2-inch cubes made by this machine were a thing of beauty
Slow melting ice is perfect for cocktails and sipping liquor
Small footprint
Cons It takes eight hours to make four cubes
Expensive at more than $500
Why I liked it:
The Klaris specialty ice maker makes perfectly clear 2-inch cubes of ice. While it takes time to make them, the resulting ice is optimal for sipping a fine whiskey or bourbon cocktail. The ice melts considerably slower than other types and thus won't water down your custom cocktail. It's also visually appealing if you plan to show off your cocktails on Instagram.
Who is it for:
This is undoubtedly a specialty ice maker for fans of premium liquor with some money to spend. The Klaris makes four large crystal-clear ice cubes in each batch but takes about 8 hours to do it. It's easy to operate with just one button. The Klaris is also one of the smaller ice makers so it won't crowd your countertop and can ornament a home bar.
Who should avoid it:
This isn't a practical ice maker for most people. The Klaris makes perfect cocktail ice but it takes eight hours to create just four cubes. It's also one of the more expensive home ice makers on the market at more than $500.
...
Show more
Get it now
$549 at Amazon Specs & Configurations
Ice type
Cocktail, cube
Bin capacity
4 large cubes
Total ice per day
12 large cubes
Dimensions
9"D x 9"W x 12"H
Colors available
Stainless steel
Cleaning cycle
No
Removable water tank
No
Price
$524
Add to compare
Others ice makers we tested
Frigidaire ball: This $335 model would be a good pick if you want cocktail ice but don't want to splurge on the $500 Klaris. The balls of ice were at times inconsistent or half-made but it was mostly efficient and easy to use.
Whynter Nugget Ice Maker: This machine performed well but it was louder than the others. Also, the build is low and wide -- most were taller but narrow -- making it more difficult to squeeze into a crowded kitchen.
GoveeLife Smart Ice Maker: This ice maker was the worst of the bunch. The Govee never produced a single cube after several attempts at running a cycle.
Gevi V2.0 Nugget Ice Maker: The Gevi performed OK when making ice but it didn't keep that ice frozen in the bin for as long as the others.
Cuisinart Compact Bullet Ice Maker: This bullet ice maker got the job done but the control panel was fussy and the price was bloated for a basic ice machine. The Igloo, our budget pick, is a nearly identical machine but costs $100 less.
There aren't a ton of ice makers from well-known brands.
Kitchen brands don't seem to be clamoring to get into the ice maker space and plenty of brands have skipped out on the category. I asked reps from several of my favorite kitchen brands why but most didn't have an answer.
In researching the models we would test, I reached out to some of them. A rep from SharkNinja, a kitchen brand we are consistently impressed with, said, "We aren't in that category at the moment but we're always looking for the next consumer problem to solve … and always follow our deep consumer insights in that process."
How we tested ice makers
Testing ice makers isn't as straightforward as some of the other products we evaluate at CNET. Most of the ice makers we brought in for testing delivered on the promise to turn tap water into ice. But some made ice faster than others and kept it cool for longer when the machine was turned off.
Many of our picks hinged less on hard metrics gleaned from testing and more on how well the ice makers were designed and constructed, how easy they were to use, their features and their noise level. We ran each ice maker more than 10 times to ensure consistency in production and looked for any glitches in the controls. We also looked for leaks or design flaws that might cause a mess to clean up later.
For hard metrics, we timed how long it took each ice maker to make it's first cubes. We ran that test twice and averaged the two times. In most machines, it was consistently about 10 minutes before the first cubes or nuggets dropped into the bin.
Next, we tested how long it took each ice maker to fill its bin. This isn't an apples-to-apples comparison because the machines all have different capacities but we wanted to see if the ice makers delivered on the promises made in marketing lingo.
What to consider: Ice maker buying advice A removable reservoir
A removable reservoir makes refilling easier, especially if the machine is far from the sink.
David Watsky/CNET
The most convenient feature of all the ice makers I tested was a removable reservoir. Some of the budget models had built-in water tanks, which meant you had to either keep the machine near the sink or bring water in a separate vessel to fill it.
The Whynter ice maker has a built-in water tank, which I found trickier to fill.
David Watsky/CNET
The removable reservoirs proved uniquely handy for refilling, especially for the midsized machines that required more refills to keep up with demand. Ice type
Most home ice makers make either nugget or bullet ice.
David Watsky/CNET
Most at-home ice makers make one of two types of ice: bullet or nugget. Nugget ice can be made quickly and is great for chewing on but it melts fast in drinks. Bullet ice seems to be the go-to ice type for budget-friendly ice makers. It's more similar in structure to ice you would find in an in-fridge ice maker.
Then there are the specialty ice makers, largely designed for cocktail making. Frigidaire has a $300 ball ice maker, while Klaris' $524 ice maker makes perfect, air-pocket-free blocks for sipping your favorite brown liquor or mixed drink. Size and production volume
Midsized ice makers like the Frigidaire and Ecozy hold enough ice for about 7 drinks.
David Watsky/CNET
The smallest ice makers are good for crowded kitchens but the production is limited so it might not be worth even the meager space they take up. The Cuisinart and Igloo, for instance, hold just 2 pounds of ice, enough for roughly 7 drinks.
Most ice makers hold about 2 liters, which equals roughly 2.5 pounds of ice, good for about 9 drinks. The bigger ice makers, including our top pick the GE Profile Opal Nugget ice maker, hold 3 pounds at once, enough for 12 drinks, but the footprint on your counter is significantly bigger.
You'd be wise to consider the space where you plan to put your ice maker before you purchase. Many homes may require the extra ice only in the summer so if you can budget the space for three or four months only, you can spring for a larger model that produces more. If it's going in the basement or garage to replenish ice as needed or to be pulled out for special occasions, size may not be a concern. Cost and value
The Opal Nugget Ice Maker is our top pick but it's also one of the more expensive options.
GE
The most affordable ice makers we tested were less than $100. All of these models were small in stature and made bullet ice -- similar to ice from a fridge ice maker. Ice makers that produce nugget ice, which is easy to chew and looks nice in cocktails, typically start at about $300. Premium ice makers, such as the Opal 2.0 and Klaris specialty ice maker, cost about $500 to $700. Cleaning mode
Most of the ice makers we tested have a cleaning function that sends water mixed with a food-safe cleaning product or a vinegar solution through the channels to descale. We recommend buying an ice maker that has this feature to prevent tainted ice down the line.
Ice maker FAQs
Will an ice maker work outside in the heat?
In my experience, ice makers function far less efficiently in the heat. If you have a portable ice maker, it's best to operate it inside where it's cooler during warm weather.
How do you clean an ice maker?
To clean an ice maker unplug the machine and empty the ice bin and water reservoir. Next, wipe down interior and exterior surfaces with a mild cleaning solution. For a deeper clean, run the machine's cleaning cycle once or twice to rid the lines of buildup. The run another cleaning cycle with only water to flush it out.
How long does an an ice maker take to make ice?
Most automatic ice makers we tested start making ice in about 12 minutes but take a full hour or longer to make a full batch. The larger models took longer to fill the bucket with ice.
How much ice do ice makers make?
Most of the ice makers we tested hold between 2.5 and 3 pounds of ice, enough for 8 to 12 drinks. The smaller, more budget-friendly machines hold closer to 1 pound.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
11 minutes ago
- Yahoo
Apple is about to answer a burning question about its future
Apple is about to reveal what's next for its most important products at its annual Worldwide Developer's Conference on Monday. This year, the stakes are significantly higher than usual. Apple announced its long-awaited push into artificial intelligence at last year's event by introducing Apple Intelligence, a suite of AI-powered features for the iPhone and other products. But delays and underwhelming capabilities have put Apple on its back fo ot. The company has struggled to convince consumers and Wall Street that it's a leader in the crucial technology, which is expected to overhaul the way people work, communicate and find information online. Now, one year after introducing Apple Intelligence, the company is on the hook to prove at this week's Worldwide Developer Conference (WWDC), a key annual event for the company, that it can make a name for itself in the AI space as its chief rivals like Google continue to charge ahead. At this year's WWDC, which kicks off Monday with a keynote address from Apple CEO Tim Cook and other executives at 10 a.m. PT, don't expect Apple to show off a flashy new iPhone or Apple Watch. Instead, the company will outline new capabilities for its current devices that lay the foundation for where it could be going next. 'WWDC, from a developer conference perspective, is maybe more interesting than others,' said Carolina Milanesi, president and principal analyst at technology analysis firm Creative Strategies. 'It does give consumers a peek as to what they can expect coming to whatever device that they already own.' How much or how little those software updates incorporate Apple Intelligence could be telling. Apple did not immediately respond to CNN's request for comment regarding its WWDC plans and AI strategy. Apple's AI struggles are larger than just a product delay. The bigger issue is that Apple's current AI tools don't offer experiences that are notably different from what you can get elsewhere. Apple Intelligence can summarize text messages, identify real-world surroundings with the iPhone's camera, erase unwanted objects from photos, rewrite emails and prioritize notifications. But those features are similar to capabilities offered by other companies such as Google, OpenAI and Samsung. In fact, rivals like Google and OpenAI are already moving one step further with technology they claim can execute tasks for consumers rather than just answering questions or generating summaries. There are benefits to waiting; Apple has largely been able to avoid the embarrassing AI gaffes of its rivals, with one exception. Apple is also known for popularizing new technologies rather than being first, as was the case with smartwatches and tablets, two categories it now dominates. But Apple has yet to prove it can do the same with AI. And it doesn't sound like that's going to change at WWDC, according to Bloomberg's Mark Gurman, who wrote the event 'may be a letdown from an AI standpoint,' citing 'people within the company.' However, the report did say Apple may open its models to developers so that non-Apple apps can incorporate text summarization and its other AI-powered features. The company may also announce an AI-powered battery management tool, according to Bloomberg. But Dan Ives, global head of technology research for Wedbush Securities and an Apple bull, isn't concerned about whether Apple makes significant AI announcements on Monday. He thinks Apple has a big opportunity to monetize Apple Intelligence moving forward despite its slow rollout, he wrote in a June 6 report. Google, whose Android operating system is the only major rival to Apple's iOS, has been barreling ahead with new AI tools and services. Its annual I/O developers conference was entirely focused on AI, with the company showing how the tech will be incorporated into everything from its ubiquitous search engine to its popular Chrome browser and Gmail. At that event, Google also announced an upgraded version of its AI-generated video engine that made headlines and raised alarm for its ability to create startingly realistic clips. 'I think it's becoming clearer how far behind they (Apple) are in AI,' Deepwater Asset Management managing partner Gene Munster told CNN in March. Samsung is also said to be partnering with AI startup Perplexity to package its app and digital assistant into its Galaxy phones, according to Bloomberg. This comes after Motorola incorporated AI technology from several companies, including Perplexity, on its new Razr flip phone – further underscoring that the technology could play a bigger role in smartphones. That presents a major opportunity for Apple; it's the world's second-largest phone maker by market share and also the only mobile device company to completely control both the hardware and software of its products. That crucial benefit has long been an advantage for Apple, giving it more freedom to develop exclusive features tailored for its products on its own timeline rather than coordinating with partners. Wedbush Securities estimates that '25% of the world's population will eventually access AI through an Apple device over the next few years,' Ives wrote. But Apple has yet to execute on that potential with AI, and the clock is ticking. 'We need more time to complete our work on these features so they meet our high quality bar,' Apple CEO Tim Cook said in reference to the more personal version of Siri on the company's May earnings call. 'We are making progress, and we look forward to getting these features into customers hands.' There's a growing belief in the tech industry that some new type of device could one day supplant, or at least partially replace, the smartphone. And those devices, unsurprisingly, will largely run on AI. Eddy Cue, the longtime Apple executive that leads the company's services division, even acknowledged this, saying during his testimony in Google's search antitrust trial that 'you may not need an iPhone 10 years from now,' Bloomberg reported. Veteran former Apple designer Jony Ive and OpenAI CEO Sam Altman are also partnering to develop a new AI hardware product, the pair announced last month. Companies like Google, Samsung and Meta are also investing in smart glasses with built-in digital assistants that can identify objects in a person's environment as a potential successor to the smartphone. That doesn't mean iPhones will become obsolete anytime soon, nor does it mean consumers will switch to Android or avoid upgrading because of a lack of new AI features. But in the near term, AI could give Apple another means to encourage iPhone upgrades if executed properly. Apple Intelligence is only supported on newer models, specifically the iPhone 15 Pro and later, meaning customers with older phones must upgrade to use it. Apple touted the iPhone 16 as being 'built for Apple Intelligence' when announcing the device in September. Cook said during Apple's most recent earnings call that year-over-year iPhone 16 performance was stronger in countries where Apple Intelligence was available than those where it was not available, perhaps an indication that its AI efforts are somewhat helping sales. The fact that people carry their iPhones – along with their AirPods and Apple Watch – everywhere they go could give Apple's Siri a leg up compared to rivals like Amazon's Alexa. That is, if Apple does it right. 'The fact that Siri knows me so much more, just because my main driver, from a phone perspective, is an iPhone will make that interaction even more valuable than what Alexa does,' said Milanesi. '(Alexa) sees me in my home context, but doesn't necessarily come with me in the outside world. So that is the potential right now.'
Yahoo
13 minutes ago
- Yahoo
I bought my mother-in-law a condo — and she took out a $30,000 car loan. Now she refuses to get a roommate.
I have a complicated money issue. About 3 years ago, my mother-in-law was widowed and she subsequently was evicted from her rental home that she could no longer afford. Even though her late husband made a six-figure income for 30 years, they had no savings and routinely filed for bankruptcy (every 7 years) due to her being irresponsible with credit. To save her from being homeless after the eviction, my husband and I let my mother-in-law move in with us for 6 months, but it quickly became an untenable situation as my husband and his mother do not get along. So we purchased a condo in a high-cost-of-living area and have been allowing her to live in it rent-free since 2022. I bought my mother-in-law a condo — and she took out a $30,000 car loan. Now she refuses to get a roommate. I have $1,000 in credit-card debt. Will I be able to hide my inheritance from the bank? 'He failed in his fiduciary duty': My brother liquidated our mother's 401(k) for her nursing home. He claimed the rest. 'The situation is extreme': I'm 65 and leaving my estate to only one grandchild. Can the others contest my will? My new husband gave me a contract and told me to 'sign here' — but I refused. It was the best decision of my life. We've previously asked her to contribute $500 a month to cover the HOA, but she always comes up with excuses as to why she can't pay. We've suggested that she get a roommate so she's not out any money. Again, more excuses and she refuses to change. Our total payment for the condo is $2,800 a month. While we can technically afford it, I am resentful that she doesn't pay her fair share. She has received a small inheritance, an annuity and also receives Social Security so she's not penniless. We are a double-income household, but I really want to quit my job to be a stay-at-home mom as I have 3 young kids. If I do that, we can't afford to pay for the condo. Please help me with some advice on this seemingly impossible situation. I don't want to make my mother-in-law homeless, but I don't want to light myself on fire to keep someone else warm either as she refuses to contribute towards the roof over her head. Also, she recently filed for bankruptcy again and promptly 'bought' a $30,000 used car on 25% interest. Please help. I am at my wits end and I think about this daily. Wife & Daughter-in-Law Related: 'He gave me a week to get out': My son and I bought a house — now I'm homeless and living in a car. Can I sue him? It's time for her to meet you halfway. There's a world of options in between a $2,800 condo and homelessness, but the only way you are going to open that world up for your mother-in-law is to start toughening up and making it clear that the former option is no longer available. You have young children, and a retirement to plan for and while this condo will increase in value, you need to start reining in your expenses. If your mother-in-law can afford to buy a $30,000 car, she can afford to show more financial independence. My first question is how did she get a loan for $30,000 in the first place, if she has declared bankruptcy and does not have a job? Even with her annuity and Social Security, there is something fishy going on here, and she is either lying to the bank or lying to you. It's time for a reality check: no more free housing. Perhaps if you present the alternative options, she will be more agreeable to stay, but give her a timeframe to make up her mind. The AARP Foundation has a local assistance directory for local programs, the eldercare locator to connect with local services, livable communities and senior-living house. You could also open a joint checking account for your mother-in-law to automatically deposit $500 every month after she receives her Social Security, and you could pay the HOA from that account. Alternatively, she could set up a standing order to pay you. That might nudge her towards more accountability, although her spendthrift habits will be difficult to break. As I told this woman, who was frustrated with a friend who couldn't hold down a job and went on vacation using her credit card, the desire to spend money and escape 'reality' could be related to an underlying depressive disorder or anxiety. Your mother-in-law may have mental-health problems that go deeper than her unwillingness or inability to pay her way. That said, if she sold the car and lived near public transportation, she would have enough money to put a deposit on a rental. It's time to get tough. She is not calling the shots, if you are paying the bills: It's a roommate or eviction. The backdrop is grim for senior living, and your mother-in-law needs to know she has a family that is prepared to support her, within reason. Senior living is, experts say, experiencing a shortage. 'At the current rate of development, the U.S. will add only 191,000 units by 2030,' says NIC MAP, a data service. 'We need 560,000 new units to keep up with demand. This leaves a gap of nearly 370,000 units, which is a shortfall that could leave thousands of seniors without access to quality senior housing.' Last year, the Department of Housing and Urban Development (HUD) announced $115 million in grant funding to support the development and improvement of rental housing for low-income seniors. This is a national problem as an increasing number of people over 50 don't believe they'll be able to remain in their home into retirement. You can read more here. Lay out the options for her and make clear the status quo is untenable. Don't miss: 'He gave me a week to get out': My son and I bought a house — now I'm homeless and living in a car. Can I sue him? Previous columns by Quentin Fottrell: 'I wish Dad were here': I received $500,000 after my late father's wrongful-death lawsuit. My adviser suggests annuities. How do I invest it? 'They are as different as day and night': My son is upset that his brother got more financial support. Now it's payback time. What should I do? I ate noodles during law school and graduated debt-free. Now my sister needs money. Is it OK to say no? My daughter's boyfriend, a guest in my home, offered to powerwash part of my house — then demanded money 'I'm not wildly wealthy, but I've done well': I'm 79 and have $3 million in assets. Should I set up 529 plans for my grandkids? How do I make sure my son-in-law doesn't get his hands on my daughter's inheritance? Circle's stock is having another big day. What the blockbuster IPO has meant for other cryptocurrency plays. 'I was pushed out of her life when she was 18': My estranged daughter, 29, misuses drugs. Should I leave her my Roth IRA?
Yahoo
13 minutes ago
- Yahoo
This Bitcoin Trader Went From A $1 Billion Long Position To Begging For Donations
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. "James Wynn" has dominated conversations on cryptocurrency Twitter for risky Bitcoin bets. Wynn appeared unstoppable at first, but his victory lap was brief. The high-risk trader is not yet willing to throw in the towel. A popular saying goes, 'Quit while you're ahead.' For "James Wynn," however, this likely means nothing. The pseudonymous cryptocurrency trader who rose to prominence for catching Pepe early in 2023 grabbed headlines in May for a $1 billion long bet on Bitcoin on the decentralized exchange Hyperliquid, using 40x leverage. What could go wrong? Well... everything. But it was not apparent at first. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . At first, it seemed like the market could not go against Wynn. Bitcoin surged to record highs above $110,000 and Wynn's unrealized profit swelled to $100 million. 'People see the trades and think it's some high-level stupid gambling kind of thing, and yes it is,' Wynn said at the time. 'But it is backed by my own thesis, which in turn, is a calculated risk.' Wynn doubled down by opening similar leverage positions on memecoins like Pepe, TRUMP and FARTCOIN, betting that Bitcoin would go higher. 'Bitcoin is dying to breakout higher. My target remains the same of 115-118k by the end of next week. However, could easily happen within a matter of hours even,' he said. But this prediction failed to materialize. Bitcoin instead began to retreat from its highs and Wynn's high-risk positions unraveled spectacularly, turning a $100 million paper profit into a $17.5 million total account loss. Trending: New to crypto? on Coinbase. 'I've decided to give perp trading a break,' Wynn said in the aftermath. 'Its been a fun ride. Approx $4m into $100m and then back down to a total account loss of $17,500,000. The time has come for me to return to where I came from. The place that helped carve me into the gigantic degenerate I'am today.' Wynn's hiatus did not last long. He was back on Monday asking his followers for donations to 'fight the market making cabal,' promising full refunds, presumably after beating this supposed cabal. It is unclear what victory in this fight will look like. But this lack of clarity did not stop followers from sending approximately $54,000 in donations to Wynn, as an analysis of his wallet on Arkham Intelligence showed. At least $20,000 of these funds have been sent to Hyberliquid to support another risky 40x BTC long with a liquidation price of about $103,600. At last look, Bitcoin is trading near $106,000. Arkham reported on Tuesday that this new position came within $70 of liquidation before the market rebounded, putting the high-risk trader $60,000 in profit. 'I'm trying [sic] swap inflationary fiat currency for hard capped deflationary real money at a rate of 40x leverage yet you all say I'm gambling,' Wynn said on Wednesday. 'We don't have time. Speed matters. The dollar is collapsing in real time. I'm doing everything I can to acquire as much $BTC so I don't go down with the sinking ship. What are you doing?' Read Next: A must-have for all crypto enthusiasts: . Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Image: Shutterstock This article This Bitcoin Trader Went From A $1 Billion Long Position To Begging For Donations originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data