Skip to content

Can you buy Bitcoin with Goldman Sachs?

buy bitcoin with Goldman Sachs

In Q2 2024, Goldman Sachs made an important move into the cryptocurrency market by focusing on Bitcoin exchange-traded funds (ETFs). The investment powerhouse disclosed a notable $418 million in Bitcoin ETF holdings, a clear signal of its growing confidence in digital assets. By Q4 2024, Goldman Sachs significantly ramped up its exposure, increasing its holdings by 71% to reach an astonishing $718 million. This portfolio includes substantial stakes in leading Bitcoin ETFs: 

  • BlackRock’s iShares Bitcoin Trust ETF: $461 million 
  • Fidelity’s Wise Origin Bitcoin Fund: $96 million 
  • Grayscale Bitcoin Trust ETF: $72 million 
  • Invesco Galaxy Bitcoin ETF: $60 million 

These investments, though institutional in nature, underscore Goldman Sachs’ recognition of Bitcoin’s potential as a transformative and viable asset class within the global financial landscape. 

The Future of Bitcoin at Goldman Sachs 

Although you cannot buy Bitcoin directly through Goldman Sachs, you can use your account to invest in crypto via third-party platforms. While direct crypto purchases aren’t currently an option at Goldman Sachs, the bank’s increasing investment in Bitcoin ETFs suggests a shift in its approach to digital assets. 

Investing in Crypto Directly vs. ETFs  

Choosing how to invest in cryptocurrency is a critical decision that can significantly impact your investment outcomes. There are two primary methods:   

  • Direct Ownership: By purchasing cryptocurrencies like Bitcoin, Ethereum or Solana directly, you gain complete control over your assets. This approach offers the potential for substantial returns. You also have the flexibility to buy, sell, or hold your cryptocurrencies as desired.  
  • Investing Through ETFs: Cryptocurrency ETFs offer a traditional investment approach, pooling funds from investors to create a diversified portfolio of cryptocurrencies. While they provide accessibility, compared to direct ownership, ETFs come with significant trade-offs.   

ETF investors relinquish direct control over their crypto holdings, relying on fund managers to make investment decisions. Additionally, unlike direct crypto ownership, ETFs typically deliver lower potential returns due to factors such as management fees and diversification. Furthermore, ETFs are subject to traditional stock market trading hours, limiting opportunities to capitalize on the 24/7 nature of the cryptocurrency market. This can be a disadvantage for investors seeking to actively trade or respond to market fluctuations in real-time.   

BitcoinIRA¹: A Modern Solution for Crypto Retirement Investing 

As traditional financial institutions like Goldmans Sachs, only offer third party participation in Crypto, investors looking to integrate cryptocurrencies into their retirement portfolios might find platforms like BitcoinIRA to be a game-changing alternative. Specializing in Individual Retirement Accounts (IRAs) designed for cryptocurrency investments, BitcoinIRA empowers individuals to diversify their retirement strategies with access to this rapidly evolving asset class. 

Key Features of BitcoinIRA 
  1. Diverse Cryptocurrency Options: BitcoinIRA supports direct investment in Bitcoin, Ethereum, and over 85 assets, enabling portfolio customization to align with individual goals. 
  2. Tax Benefits: With BitcoinIRA, users can leverage the same tax advantages offered by regular IRAs, such as tax-deferred growth or tax-free withdrawals (depending on account type). 
  3. User-Friendly Platform: The platform offers secure features like live price tracking, cold storage, and 24/7 trading, making it simple for investors to manage their retirement accounts. 
  4. Portfolio Diversification: Cryptocurrencies can help hedge against traditional market fluctuations, offering a valuable diversification tool for retirement planning. 
  5. Educational Resources: BitcoinIRA provides comprehensive resources to help users understand blockchain technology, cryptocurrency investing, and the broader implications of digital assets in modern finance. 
How to Transfer Your Retirement Account to BitcoinIRA 

Making the switch to BitcoinIRA is straightforward. Here’s a step-by-step guide: 

  1. Open a BitcoinIRA Account: Create a self-directed Crypto IRA account. Choose the type of IRA that best fits your financial goals (Traditional, Roth, SEP, or SIMPLE IRA). 
  2. Initiate the Transfer: Request a direct transfer of funds from your existing IRA provider to BitcoinIRA. This process is streamlined to ensure a smooth transition. 
  3. Provide Required Details: Submit the necessary account information and specify the transfer amount. 
  4. Allocate Funds to Crypto: Once your funds are transferred, allocate them across cryptocurrencies of your choice using BitcoinIRA’s secure platform. 
Why Include Cryptocurrency in Your Retirement Portfolio? 

Cryptocurrency presents a compelling opportunity for investors aiming to diversify their retirement strategies. Here’s why: 

  • Growth Potential: Cryptocurrencies have historically delivered significant price appreciation, although they come with high volatility. 
  • Diversification: Adding digital assets to a retirement portfolio can reduce reliance on traditional investments, such as stocks and bonds. 
  • Emerging Trends: With increasing institutional adoption of blockchain technology, early investors in cryptocurrency may benefit from the sector’s exponential growth.  

While Goldman Sachs has made significant strides in the cryptocurrency space through its investments in Bitcoin ETFs, direct Bitcoin purchases through the bank remain unavailable. This reflects a cautious yet strategic embrace of digital assets as part of the broader financial ecosystem. For investors, the choice between direct crypto ownership and ETFs comes down to individual preferences for control and potential returns. 

Platforms like BitcoinIRA offer a modern alternative for those looking to integrate cryptocurrencies into their retirement portfolios, combining tax benefits, portfolio diversification, and access to a wide range of digital assets. As the financial industry continues to adapt to the growing influence of cryptocurrencies, opportunities to invest in this transformative asset class are expanding. Whether through ETFs, direct ownership, or retirement-focused solutions, cryptocurrencies are carving out a lasting role in the future of finance, making now an opportune time for investors to explore their options. 

Found it interesting? Share the article to socials
  1. Bitcoin IRA is a platform that connects consumers to qualified custodians, digital wallets and cryptocurrency exchanges. The company is not a custodian, is not a digital wallet and is not an exchange. The information provided in this article is for educational purposes only. We encourage you to consult an adviser or professional to determine whether Bitcoin IRA makes sense for you.

  2. Security, storage, wallet providers, and insurance may vary based on asset chosen and custody solution available.
Take control of your retirement today

Trust America’s #1 Bitcoin IRA and invest in your future with revolutionary digital assets. Open an account and self-trade 24/7.