Bitcoin IRA
A Bitcoin IRA or better yet a Crypto IRA, is what an increasing amount of investors in the US and in Canada (under their tax rules, a TFSA) are using to invest in Bitcoin and in other cryptocurrencies. These savvy investors are looking to diversify their retirement accounts to get in early on what is becoming the biggest innovation in the financial world in our lifetimes.
The IRA or Individual Retirement Account is a type of savings account that is afforded certain tax advantages and other benefits by law. Most IRAs are captive, meaning the holder is limited to certain assets they can invest in. A self-directed IRA allows for one to invest in many other assets except for a few prohibited by law. It can be a complicated process to use a self-directed IRA properly within the confines of the law. A good IRA custodian that specializes in alternative assets like Bitcoin can make the process simple and secure.
As the established financial markets around the world are starting to accept Bitcoin as a real asset that holds value and as a means of value exchange, investors are starting to realize that their retirement portfolios may require some exposure to this new asset class. Bitcoin is the oldest and most valuable cryptocurrency at the moment. The price appreciation has been tremendous until now, but the phase of mass adoption of Bitcoin has yet to start, which shows that the price of Bitcoin has a long way to go before reaching its value parity.
Why are smart investors including Bitcoin in their portfolios now?
- Bitcoin is completely decentralized and free from central bank manipulation and government policies.
- Similar to gold, Bitcoin’s value does not correlate with the dollar, stocks or bonds. A great hedge but also a truly independent asset.
- Scarcity: The supply of Bitcoin is limited to 21 million bitcoin. That is the most that can ever be “mined” (created)
- It is approved by the IRS in the US as a form of currency.
- Although we also see gold as great to hold as well, Bitcoin is significantly undervalued at the moment in comparison.
- The mass adoption phase of Bitcoin by institutions and later the consumer has yet to be priced into the asset. Leaving multiples of price appreciation on the table still to be had.
Did you know?
*Those returns look staggering but remember this does not include the mass adoption that is still to come. Bitcoin is no longer a “proof of concept”, it is now a major financial instrument. Less risk from here on out.
Investors require a process that ensures maximum safety for their Bitcoin IRA investment. We understand that there are several options out there when it comes to investing in Bitcoin, but they all come with serious security risks that could decimate your investment. We are talking about retirement portfolios not play money, so its security being compromised at any moment is not acceptable.
We believe that our partners have developed a virtually flawless process to hold Bitcoin for the long term which involves cold storage.
*When acquiring retirement portfolio size positions in Bitcoin, losing them due to hacking, viruses, disasters, or user error is just not acceptable in any way. Fully insuring your Bitcoin retirement investment is of paramount importance.
Bitcoin is the leader in the cryptocurrency space but there are others that have the same potential. With this service, you can diversify into other up-and-coming cryptocurrencies.
We only recommend dealing with a company with the highest customer satisfaction ratings and has been vetted by third parties to focus on what you the investor wants.
They should educate you on the process and professionally guide you through the process without the need for high-pressure sales tactics. Our partner is only interested in assisting investors to achieve their goals efficiently and securely.
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