New Bitcoin IRA!
Breaking news. According to Bitcoin.com as of 12 hours ago, The Bitcoin IRA, an IRS-sanctioned retirement account, has added bitcoin cash, ethereum, and litecoin to its list of tokens for investments. Now I don't know about you, but I think this is another positive step in the Crypto world.
Bitcoin was the beginning, and now the market is continuing to expand. Bitcoin is what has given all of these other kinds to online currency value, and the yare all stating to see greater widespread appeal. And that will only increase the opportunities for investments paying off.
Kline said, “The value of cryptocurrencies goes beyond the price of each coin, it’s really the underlying technology that’s going to revolutionize our financial system. We’re excited to offer our customers the chance to capitalize on this technology and build a retirement portfolio with Bitcoin and altcoins.”
In all, Bitcoin IRA provides 6 digital assets for their retirement accounts. A Finance Magnates article provided further information. “Bitcoin IRA now offers six coins for investment: Bitcoin, Ethereum, Ethereum Classic, XRP, Litecoin and Bitcoin Cash – and individuals can rollover retirement funds into whole coins or into a percentage of each.”
Each of the coins will also be held in multi-signature Bitgo wallets while they are associated with customers names and accounts. The company will keep the keys in cold storage. This news comes as all digital tokens continue to grow despite market shakedowns and scares initiated by Chinese regulators.
To me this seems like a safer way to invest outside of a bank, and with some of the new options coming available it could yield higher returns over the long run. This could only further the popularity of this new currency, and bring us newer to the new age. Being the only company who offers this option, XRP will have its boots on the ground when other companies are just starting out. It you want my advise, see if they have stock that can be invested in.
Crypto is fast becoming mainstream. Perhaps in another couple of years it will be seen in store fronts everywhere.
I agree. In one of my earlier posts I commented on how companies who are not accepting currencies such as Bitcoin will soon be left behind, perhaps sooner then 20 years.
There's no reason to leave your retirement account crypto - BTC, ETH, XRP - in anyone's control.
My introduction to virtual currency was through a checkbook control retirement account that I set up with ReSure (https://www.401kcheckbook.com/), a company that specializes in giving investors direct control over their IRA and 401k money. I use the same retirement account to invest in Bitcoin and real estate - for a very low flat fee. I get to keep in cold storage using a Trezor.