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4 Things You Need to Know About Bitcoin IRA Custodian Relationships

Investing for retirement is a long process that requires you to make many important decisions that could determine your financial stability during retirement. Interestingly, many people are getting increasingly tired of managed retirement accounts because the returns are often meager, the fund managers take a big cut, and the rest of the money left for the investors won’t keep up with inflation. Now, many investors are choosing self-directed IRAs so that they can choose investments with potential for bigger returns such as Bitcoin.

However, you can’t go it alone with a self-directed IRA and the IRS demands that you keep your retirement funds with a custodian. IRS Publication 590 says “An individual retirement account is a trust or custodial account set up in the United States for the exclusive benefit of you or your beneficiaries… The trustee or custodian must be a bank, a federally insured credit union, a savings and loan association, or an entity approved by the IRS to act as trustee or custodian…”

An IRA custodian can be generally defined as a firm that is saddled with the responsibility of keeping records of the assets and safekeeping the said assets of its clients. IRA custodians undertake an important function as set out in the Internal Revenue Code (IRC) that requires that IRA assets must be held by a custodian to provide overseer functions to people taking a hands-on approach to retirement investors. However, choosing an IRA custodian is an important decision that should never be taken with levity. This article provides you with insight into four things you need to understand about IRA custodians.

You have greater control over your IRA account

The first thing you need to understand in your relationship with a Bitcoin IRA custodian is that you’ll have a great control over the affairs of your self-directed IRA account. The custodian firm holds your retirement savings in an account but the responsibility of choosing the type of assets to be placed in the account will be transferred to you. Of course, you can choose to have Bitcoin, real estate, precious metals, and stocks among other things in your account.

However, since you are most likely setting up a Bitcoin IRA account or doing a 401K rollover to Bitcoin, you won’t need to bother yourself on doing due diligence on different kinds of assets and their tax implications for your retirement portfolio. However, a good custodian will have resources in place to provide you with up to date information, rules, and regulation about any asset you want to add to your portfolio.

With greater control comes greater responsibility

It has already been established that setting up a self-directed Bitcoin IRA under the watch of a custodian gives you greater control on your retirement portfolio. However, you should note that you’d be saddled with the responsibility of understanding the tax implications of your investment decisions. For instance, the law permits you to take annual distributions from your self-directed IRA once you are 70 and half years old. However, you’ll need to calculate the value of your assets in order to make the correct annually required minimum distribution.

Custodians charge different fees but you should seek value for money

The third point that you must understand is that the service of custodians are seldom free but the value they provide varies. Different custodians charge different kind of fees and the differences in the fee structure of one custodian doesn’t necessarily make the custodian superior or inferior to its competitors.  For instance, some custodians charge a monthly, quarter, or annual maintenance fees while others won’t bother you about a maintenance fee.

Apart from maintenance fees, you can reasonable expect your custodian to charge transaction fees and commissions when you make trades in your self-directed IRA. However, the fact that you are setting up a Bitcoin IRA suggests that your retirement portfolio will be exclusively loaded with Bitcoin. Hence, you might not have many reasons to be worried about paying fees and commissions on multiple trades.

There’s a code of specialization among custodians

It is easy to assume that all IRA custodians are the same because they are saddled with the singular responsibility of keeping your retirement funds; however, nothing could be further from the truth.  To start with, traditional IRA custodians have a core competency in helping you invest in traditionally stable assets such as bonds, mutual funds, ETFs, and some stocks.

Conversely, self-directed IRA custodians typically allow you put your money into alternative investments. Even then, self-directed IRA custodians specialize along the lines of helping you invest in Bitcoin, private company stock, and precious metals such as gold and silver among other alternative assets. It is important that you work with an IRA custodian whose specialty matches your investment vehicle, strategies, and goals.

What’s The Best Way to Invest in Bitcoin: Bitcoin IRA VS GBTC (Bitcoin Investment Trust)

Bitcoin is probably the currently most exciting development with an appeal that cuts across a wide variety of industries. Bitcoin a digital currency; hence, it has applications in the finance industry, e-commerce, technology, global economy and trade, and it could even upend geopolitical paradigms.

Al Gore, 45th Vice President of the United States says “ I think the fact that within the bitcoin universe an algorithm replaces the functions of [the government] … is actually pretty cool. I am a big fan of Bitcoin” More so, Ben Bernanke, former Chairman of the Federal Reserve says “[Virtual Currencies] may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.”

The fact that Bitcoin holds such a widespread appeal and the fact that it has the potential to rewrite the history of the world has brought it into limelight in the investment community. Now, investors are looking for ways to invest in Bitcoin in order to get a first-mover advantage. This article provides insight into two of the major opportunities for investing in Bitcoin.

Meet Bitcoin IRA

Bitcoin IRA is the smartest way to invest in Bitcoin especially for smart folks who understand that the government is not likely to keep its end of the bargain if social security fails during their retirement. A BitcoinIRA package provides you with a great opportunity to invest exclusively in Bitcoin for retirement instead of dividing your retirement portfolio between bonds, stocks and other IRA-eligible assets.

With BitcoinIRA, you’ll buy Bitcoin directly from exchanges and keep them in your digital wallet in secured vaults. After buying the Bitcoin, you’ll sit back and watch your investment grow as the adoption of Bitcoin continues to accelerate.

Meet GBTC (Bitcoin Investment Trust)

GBTC (Bitcoin Investment Trust) provides investors with an opportunity to invest in Bitcoin through the familiar vehicle of a publicly traded security. Bitcoin Investment Trust was established in 2013 with the symbol “GBTC”. It has about $102.77M in assets, shares outstanding of 1.86M, and each share of GBTC will buy you about 0.09414055 BTC.

The main selling point of GBTC is that it allows you to invest in Bitcoin without worrying about buying, storing, or selling your Bitcoin. More so, you can easily buy or sell GBTC shares during a trading session at USD prices without having to do complex calculations on how much your Bitcoin is worth per time.


The first difference between BitcoinIRA and GBTC is that BitcoinIRA gives you direct exposure to Bitcoin while GBTC gives you an indirect exposure to the digital currency. In essence, the value of your Bitcoin IRA portfolio is influenced by the fundamental forces of demand on and supply on Bitcoin.

Conversely, the value of your GBTC holdings will be influenced by fundamental factors, technical analysis, speculation, spread, volatility index, momentum, and volume price actions among other things. Hence, many things could potentially go wrong with an indirect investment in Bitcoin using GBTC than through a direct investment with BitcoinIRA.

Secondly a direct investment in Bitcoin through Bitcoin IRA could be potentially more rewarding than an indirect investment through GBTC. A unit of Bitcoin currently trades around $612 while a share of GBTC trades for about $87. Interestingly, Bitcoin has a market value of $9.733B with total Bitcoin mined at 15,914,350. In contrast, GBTC has about $102.77M in assets, shares outstanding of 1.86M.

In the last one year, Bitcoin has gained 151.57% from October 7, 2015 to October 6, 2016. Bitcoin started at $243.27 one year ago, it made a one-year high of $768 in June, and it currently trades around $612. In the same period, specifically from January 25, 2016 to October 6, 2016, GBTC has gained 81.03%.

Thirdly, BitcoinIRA offers you much more freedom than a GBTC portfolio. Once you have set up a self-directed IRA, you can buy and invest in Bitcoin for retirement by setting up a contribution schedule. More so, you can easily rollover your 401k or rollover your IRA into a Bitcoin IRA for bigger returns. In contrast, GBTC is subject to many constraints such as being a pre-approved investor. More so, GBTC subjects investors to a 2% annual fee on their portfolio.

Final words,

There are advantages to direct Bitcoin investments through BitcoinIRA and indirect Bitcoin investments though GBTC. However, the individual investor will be better served opting for a direct Bitcoin investment through BitcoinIRA because it gives you greater control over your portfolio.

A Simple Guide to Investing in Bitcoin for Your Retirement

Very few people personally manage their retirement accounts and most Individual Retirement Accounts (IRAs) are held in trust for potential retirees. IRAs are expected to have a mix of investments and speculative investments. Conservative investments offer low-risks and low-rewards while speculative investments have potentially higher returns. However, some fund managers often load up IRA’s with low-risk investments such as bluechip stocks, mutual funds, CDs, and bonds among other things.

In order to have a diversified portfolio you might want to consider having a Bitcoin IRA Investment so that your retirement investment plan is not skewed towards conservative investments. It doesn’t matter if you have a Roth IRA, traditional IRA, SIMPLE IRA, or SEP IRA, you can have Bitcoin in an IRA plan and open up the possibilities of exponentially higher returns. In fact, you can rollover your 401k into Bitcoin if you want to increase your chances of exponential returns. This piece provides a simplified guide on how you can invest in Bitcoin for your retirement so that you can record potentially higher returns in your IRA.

What is Bitcoin?

Bitcoin a digital global currency designed to proffer better solutions to the problems ailing traditional currencies. Bitcoin is not printed or minted like other currencies; hence, any government, central bank or financial institution cannot influence its value. A Bitcoin wallet also has enhanced security not available with physical currencies. Bitcoin transactions are purely done electronically, the transaction costs are cheaper, and the transaction details cannot be intercepted by third parties.

Bitcoin adds diversification to your investment account because the fundamentals of its demand and supply are different from the fundamentals that influence other investments. Secondly, Bitcoin offers long-term tax benefits not available in other investments. For instance, Bitcoin in your IRA qualifies as tax-deferred funds.

The impressive return on investments that Bitcoin promises, its ability to hedge against currency inflation, and its tax benefit makes it smart for potential retirees to have a Bitcoin IRA investment plan.

How to make a Bitcoin IRA investment

One of the commonest routes to include Bitcoin in your retirement plan is to start a Bitcoin Self-Directed IRA through your retirement fund manager. The process is quite simple and fast, you’ll need to make an e-sign application for a self-directed IRA.

When you have successfully opened the account, you’ll then go ahead to fund the IRA by requesting to rollover your 401k into Bitcoin. You can also transfer funds from 401K to Bitcoin if you don’t want to do a rollover.  You’ll also be required to complete a Bitcoin allocation order to provide documentation that you made the decision to include Bitcoin in your retirement plan.

Once you have succeeded in putting Bitcoin in the center stage of your retirement plan, the same rules that apply to traditional IRAs will also apply to your self-directed IRA. For instance, you won’t be allowed free access to withdraw funds from the IRA account until you are almost sixty years old. If you insist on withdrawing from the account, you’ll be penalized with a fee for early withdrawal.


Savers tend to lose money over time because of the weakening effect that inflation has on their investments. In fact, investors with an exposure to bonds, cash, and stock often observe that their wealth doesn’t keep up with inflation. However, Bitcoin offers impressive upward potential that counter balances the effects of inflation on an asset.

Retirement is one of the milestone events that require prior proper planning. Without prior proper planning, retirement can be a boring, penniless, and a dreary phase of one’s life. However, with adequate preparation, that includes Bitcoin in an IRA, you can look forward to retirement and hope to have a relaxed, worry-free, and exciting time enjoying the rewards of your working years.

Is Bitcoin the New Gold: Similarities and Contrasts for Investors Seeking Stability?

Investors are always on the lookout for ways to preserve their wealth, increase ROI, and grow their wealth. However, wealth preservation now seems to top the list as the U.S. Presidential elections draw near and the realities of the Brexit vote starts to sink in. Hence, investors tend to seek refuge and stability for their investments in safe-haven assets and alternative investments. Interestingly, gold and Bitcoin are two alternative investments that tend to attract the most attention.

Gold is a naturally occurring element that has been behind civilization, government, war, and trade for thousands of years. Bitcoin is a modern digital cryptocurrency that provides a virtual peer-to-peer platform to facilitate electronic trade. This article seeks to compare and contrast gold and Bitcoin in order to help investors make educated decisions for wealth preservation.

Similarities between gold and Bitcoin

1. Both are gold and Bitcoin are mined

Both gold and Bitcoin are mined by “miners” even though they use different skills and equipment. The changes in the supply of gold of gold are often determined by the discovery of new gold deposits and the development of more efficient mining techniques for extracting gold from ores. Likewise, powerful algorithms determine the volume of Bitcoin in circulation. The said algorithms determine how Bitcoin miners are rewarded when they add new Bitcoin transactions to the blockchain.

2. Finite supply but infinite demand and application

Another similarity between gold and Bitcoin is that they both have a finite supply but a practically infinite demand, use, and application. Gold is mined from the ground and the amount of gold available in the world is finite between 120,000 to 140,000 tons (above ground) at an estimated worth of $1.8 trillion). Likewise, Bitcoin is finite because the total number of Bitcoin that can be mined is 21 million Bitcoin.

However, the demand, usage, and applications of gold and Bitcoin is practically endless. Gold and Bitcoin offer a safe haven in times of financial instability. Gold has some industrial applications and Bitcoin meets the security and transparency needs of a digital economy. More so, some countries have started considering minting physical Bitcoin in order to endorse it as currency.

3. Neither gold nor Bitcoin is tied to a government currency

Another interesting similarity between gold and Bitcoin is that they are both free from direct government influence because neither asset is tied to a government currency. Hence, the government can’t make a move to set their exchange rate, devalue them, or determine how much of either gold or Bitcoin are in circulation.

The fact that neither gold nor Bitcoin is tied to a government currency makes them a good hedge against economic and geopolitical instability. Gold and Bitcoin will always be a legal tender irrespective of country, religion, nationality, or language barriers. Hence, if any world government runs into a mess leading to economic instability, both gold and Bitcoin are unlikely to lose their value; rather, they’ll tend to record an increase in their value during periods of economic instability.

4. Both gold and Bitcoin have a mutual enemy in central banks

Central Banks do not like the fact that gold could render their fiat currencies useless and they always try to undermine the yellow metal at every possible opportunity. The chatter about U.S. Federal Reserve’s plan to raise interest rates in order to reduce the safe-haven appeal of gold is a point in case. Interestingly, these central banks have started transferring their distaste for gold to angst for Bitcoin.

The emergence of Bitcoin as a world currency could potentially erode the necessity of central banks in the global economic landscape. For one, Bitcoin is an electronic money; hence, there’s little need for a national money supply. More so, the low transaction cost associated with Bitcoin transactions will eliminate the need for the interest rates that central banks set in line with economic trends.

Differences between gold and Bitcoin

Despite the interesting similarities between Gold and Bitcoin, it is important to point out some stark contrasts. To start with, gold is physical whereas Bitcoin is purely electronic; hence, Bitcoin is more suitable to the digital economy than gold. The physical nature of gold attracts the attendant risks of theft, being misplaced, and being destroyed (highly unlikely but plausible nonetheless). Bitcoin is digitalized and it would require a serious intent to steal Bitcoin – it could happen but you are not likely to be the only victim.

Secondly, Bitcoin could potentially be a better investment than gold because of the fundamentals of demand and supply and the effect of market forces. The price of gold is subject to many factors such as demand and supply, U.S. interest rates, USD Exchange rates, government policies, and geopolitical tensions. Hence, you can never really know what to expect and gold is an unstable way to seek stability in periods of economic and political uncertainty. Bitcoin has once surpassed gold when it traded for $1,242 and the factors are still much in place to make Bitcoin a more valuable alternative currency than gold.

I Just Rolled My 401(K) Into Bitcoin, What Should I Expect?

Bitcoin is one of the few alternative assets that provide investors with a shot at recording massive ROI. Many regular investors are mostly stuck with low performing assets such as mutual funds, bluechip stocks, treasury bills, and bonds among other things. Interestingly, investors with 401(K) plans have it worse because their fund managers rarely take risks and they load up the portfolio with low-risk low-reward assets.

However, if you have successfully rolled over your 401(K) into Bitcoin, congratulations are in order. Many people are stuck with low-performance 401(K) plans that can only boast between 5% and 10% returns on the best days. In fact, Time notes that the average 401(K) might only return 4% going forward and investors should not look forward to decent gains in their retirement funds. This piece explores some of the upside potential that could make you financially secure during retirement.

You can expect increase volatility

The first thing you should understand now that you have rolled your 401K to Bitcoin is that you’ll witness increased volatility in your retirement fund. Your 401K plan would have been filled with “stable” assets such as mutual funds, T-bills, bonds, and traditionally blue-chip stocks. Hence, you might have been used to a stable portfolio that doesn’t record many changes in price and volume movements.

However, with a Bitcoin IRA Account, your portfolio might record wild swings in response to volatility trends in the underlying Bitcoin market. For instance, Bitcoin is currently trading around $605 whereas it was trading around $575 in August and it traded around $700 in July. Interestingly, Bitcoin was trading around $230 in October 2015; yet, it was trading above $1,100 just two years ago. In essence, new Bitcoin investors should be ready to see relatively bigger price movements.

You can expect a predominantly upside potential

Despite the fact that your Bitcoin Self-Directed IRA might record increased volatility in relation to your old 401K plan, you can expect the volatility to tend towards a predominantly upward ascent. Bitcoin is a digital money that is free from the influence of governments, central banks, and monetary agencies. The upside potential of Bitcoin lies in the fact that it is a finite supply of money.

Only 21 million units of Bitcoin can be mined and its value tends to increase as its influence as acceptability continues to grow. Geir Solem, chairman of Cryptor Trust, a think tank and investment group notes that “Bitcoin is the leading currency of the Internet and is very deflationary because of its limited supply of 21 million coins”.

You can expect massive ROI

Thirdly, buying a Bitcoin Investment Trust means that you can expect a relatively bigger ROI on your retirement fund than if you had maintained your 401K plan. Bitcoin is currently still in the early days of its life cycle; hence, you can expect bigger gains as the asset continues to mature.

Solem also notes that “Bitcoin has the potential to disrupt markets like e-commerce, gold, remittance, etc. If Bitcoin takes over one-third of the world’s remittance market, the price of the Bitcoin would conservatively go to more than $20,000.”

The NYSE Bitcoin Index (^NYB), which tracks the Bitcoin market has already gained 41.3% in the year-to-date period. In relation the S&P 500 has only gained 5.18%, the Dow Jones Industrial average has gained 3.98%, and gold has scored 23.43% year-to-date gains as shown in the chart above.

I have $50,000 in an IRA. Should I convert this to a Bitcoin IRA?

Investors are miles ahead of savers in the journey to financial freedom because investors have a chance to grow their wealth while savers can only expect capital preservation in the best-case scenario. Hence, it is not surprising that investors are always on the lookout for ways to tweak the assets in their portfolios in order to record bigger gains. People with an IRA are actually saving and investing money so that they can secure their financial stability during retirement.

If you already have some money in your IRA, it is not enough to check in occasionally or wait until your fund manager sends a statement of account before you know how your investments are faring. You’ll need to go out of your way to educate yourself about investments and to know the kind of assets that will give you the best ROI.  If you have some money in your IRA, moving the money up into a Bitcoin IRA might be one of the smartest investment decisions you’ll ever make.

Bitcoin has a bright future ahead

One of the reasons that make it smart to move the $50,000 from your IRA into a Bitcoin IRA Account is that Bitcoin operates in an industry that offers potentially bigger returns. Bitcoin is one of the alternative investments in the market and the $50,000 in your IRA might offer you better returns if you convert it into a Bitcoin IRA.

To start with, the research firm McKinsey & Co. reported that the alternative investment markets worth about $7.2 trillion. Analysts at McKinsey also noted that investors typically record an annualized growth rate of 10.7% in the alternative investment market. In essence, the alternative investment market has doubled its market size in the last 10 years and it sports twice the growth rate recorded in other markets.

Price Waterhouse Coopers (PwC) has also released another research report showing that the alternative investment market will grow by $13.6 trillion by 2021. The PwC analysts observed that “Alternative asset management will undergo a transformation in the years to 2020 and beyond as it adjusts to a new operating and economic environment and moves toward center stage.”

More pointedly, Bitcoin offers one of the biggest returns on investment in the alternative investment market. Hence, doing a rollover of the $50,000 in your IRA into a Bitcoin IRA Investment might allow you score bigger returns. Bitcoin currently enjoys the first-mover advantage in the cryptocurrency industry and a $200 investment in Bitcoin in 2011 will be worth more than $1M today. No other investment can promise you a massive 500,000% growth in three years.

The best part of the whole scenario is that Bitcoin in an IRA will give you more peace of mind than an investment in equities or real estate. Potential retirees should avoid making financial decisions that could give them sleepless nights while raising their blood pressures abnormally. Stocks are very volatile and the volatility in the equities market will increase when the ripple effects of the Brexit vote becomes more pronounced.

Final words

From the aforementioned, it is obvious that you’ll be making a smart financial decision if you choose to rollover your IRA to Bitcoin. As a Bitcoin investor, you are investing in the rapid growth of the pioneer digital currency and you can expect to make massive returns before the rest of the investment community start trying to get a foothold in the cryptocurrency industry.

In addition, you’ll be taking the front seat in backing the blockchain technology that sets Bitcoin apart from other type of currencies. In essence, you can expect a monumental upside potential when the application of blockchain technology becomes more pronounced in traditional financial trading, payment processing, and in the banking industry.

Nonetheless, you should note that Bitcoin is a speculative investment and it might be wise to invest only a portion of your IRA into Bitcoin. If all the money you have in your IRA is $50,000, you’ll need to make an informed decision about the high-risk, high-reward nature of Bitcoin before you invest all the money in a Bitcoin Self-Directed IRA. However, the fact remains that no other investment vehicle can give your IRA the kind of massive boost that you can record from when your Bitcoin investment pays off.

5 Things You should Know about Investing in Bitcoin for Retirement With a Solo 401(k)

Capital preservation is important and you are not likely to have any money left to spend during your retirement if don’t understand the principles of capital preservation. Nonetheless, capital gains ensures that your wealth keeps up with inflation and uncertain economic trends; hence, the goal of the astute investor should not be capital preservation but capital appreciation. Bitcoin is one of the few assets that promises an exponential ROI on a 401(K) plan in sharp contrast to the mutual funds that IRA managers tend to peddle.

Bitcoin is a relatively new asset and naysayers are quick to claim that it has not been time-tested and proven. However, it is important to remind you that in November 2010, the number of Bitcoin mined was about $1,000,000 and $1 was equal to 2BTC. As at February 2011, Bitcoin was on par with the USD and now 1BTC trades around $600. Hence, investors can only expect Bitcoin’s value to increase with time.

If you have a boring 401(K) plan or another IRA account, this article provides insight into five things you need to understand about investing in Bitcoin for retirement.

1. Legality

It is perfectly legal for you to use Bitcoin to fund your 401k retirement plan or to convert the funds in your 401k plan to Bitcoin. One of the many factors that attest to the legality of Bitcoin for 401k plans is that the IRS has determined that Bitcoin is a virtual currency that has “an equivalent value in real currency”.

In fact, the IRS explicitly refers to Bitcoin in its IRS Virtual Currency Guidance: Notice 2014-21. The IRS notes that “Bitcoin can be digitally traded between users and can be purchased for, or exchanged into U.S. dollars, Euros, and other real or virtual currencies”. In essence, the IRS is claiming that the direct convertibility of Bitcoin for real currencies such as USD and Euros qualifies it as a legal tender. In essence, you can choose to fortify your 401K plan with Bitcoin without

2. Duration of investment

The kinds of assets that you’ll naturally want to keep in your IRA are long-term investments that will have enough time to mature and yield full returns. However, many of those long-term assets tend to be conservative investments with low rewards; hence, you are not likely to get to your financial goals in good time. However, having Bitcoin in an IRA plan gives you an opportunity to score the big gains that accompany speculative investments.

Nonetheless, the question” how long should I keep Bitcoin in my IRA?” cannot be answered at the surface level because there’s no one size fits all answer.  For one, people have different risk levels and people do not have the same number of years ahead until retirement. Hence, the duration for keeping Bitcoin in your retirement account can only be made in consultation with a professional financial adviser who will examine your unique position.

3. Cashing out Bitcoin from your retirement account

Irrespective of how much money you have in your retirement account or how much returns you recorded, you’ll eventually need to cash out or liquidate your Bitcoin IRA. Cashing out or liquidating a Bitcoin IRA account is quite easy. You can choose to liquidate your Bitcoin to cash directly from a Bitcoin exchange.

More so, you can choose to take “physical” possession of the Bitcoin and spend it on goods and services in store where Bitcoin is accepted. Microsoft collects Bitcoin payments for apps, games, hardware and software. Dell accepts Bitcoin and you’ll have a 10% discount when you pay with Bitcoin. Newegg, Target, Amazon, Tesla, Expedia, PayPal, and CVS Pharmacy are just few out of the hundred businesses that accept Bitcoin payments.

4. A word or two on taxes

Death and taxes are about two of the most certain things in life and you are not likely to escape either of the two. Hence, investors often try to minimize the taxes they pay on their investments decisions or on capital gains they make when such investments are profitable. Interestingly, you won’t incur any taxes if you rollover your annuity, pension plan, 457(b), 403(b) or 401(K) into Bitcoin. In fact, rolling over most retirement accounts qualifies for a tax-free Bitcoin IRA rollover.

5. Eligibility

You can rollover your 401k into Bitcoin if you are willing to through the quick process of applying for a self-directed IRA. Interestingly, if you have a ROTH IRA, Traditional IRA SIMPLE or SEP account, you can choose to set up a Bitcoin Investment Trust. More so, people with 401K, 403B, and Thrift Savings Plans (TSP) are also can also set up a Bitcoin IRA with their original 401K plans. Some specific type of pension plans and some select annuities are also eligible for a Bitcoin 401K rollover.