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Trump Embraces Bitcoin

Trump Embraces Crypto like Bitcoin Ether and Ripple (XRP) in 2024 Race

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Unlike the ordinary leap year for the average person, 2024 has been a rollercoaster ride for crypto enthusiasts. We’ve witnessed the highly anticipated Bitcoin halving, the landmark approval of both Bitcoin and Ethereum ETFs, and with the US presidential elections looming, the year is far from over. 

Institutional money is pouring into Bitcoin, and its growing adoption is poised to be a major player in the upcoming elections. From campaign contributions to personal holdings, crypto is finding its way into the wallets of an increasing number of candidates. This surging interest underscores Bitcoin’s ascent as a central topic in global finance. One candidate who has been particularly vocal in his support for Bitcoin and cryptocurrencies is Donald Trump. To capture this evolving narrative, we’ve compiled a chronological list of Trump’s declarations about Bitcoin throughout 2024. 

January: From Skepticism to Neutral 

In January 2024, both Donald Trump and Joe Biden remained quiet about Bitcoin, according to Forbes. Previously, Trump had been quite critical, stating in a 2021 Fox News interview, “Bitcoin, it just seems like a scam. I don’t like it because it’s another currency competing against the dollar.” However, by 2022, he launched a collection of NFT trading cards to rally support from his base and introduced a new collection of “Mugshot” NFTs last month. Financial disclosure documents revealed that Trump once owned $2.8 million in cryptocurrency on an Ethereum wallet.  

Thus, the year began with Trump showing a neutral interest in Bitcoin, on January 17, Trump vowed to “never allow” the Federal Reserve to create a central bank digital currency (CBDC) in the US, declaring during a campaign speech in Portsmouth, New Hampshire, “Tonight I’m making another promise to protect Americans from government tyranny. I will never allow the creation of a central bank digital currency.” 

February: Regulation as a Path to Embracing Bitcoin 

In a moment of reflection on Bitcoin’s rise, former President Donald Trump remarked that the cryptocurrency has “taken a life of its own” during a Fox News town hall event preceding the South Carolina Republican primary last February. Trump’s observations hinted at a shifting perspective towards embracing Bitcoin within the United States. He acknowledged the necessity for some level of regulation but highlighted the growing trend of individuals embracing Bitcoin for transactions. “You probably have to do some regulation. But many people are embracing it. More and more I’m seeing people wanting to pay with Bitcoin, and you’re seeing something that’s interesting, so I can live with it one way or the other,” Trump expressed, underscoring the evolving landscape of financial transactions. 

March: Trump Acknowledges Bitcoin’s Currency Status 

In an interview with CNBC, Donald Trump shared his perspective on Bitcoin, offering insights into his evolving views on cryptocurrency. “I do little things sometimes for fun, and … make money with it but I have fun with it too,” referring to his sneaker sale. CNBC anchor probed further, asking, “You mean, you bought Bitcoin?” to which Trump clarified, “No, no, no, but I sometimes will let people pay through Bitcoin, or will let people get involved in a new currency.” Trump acknowledged Bitcoin as an additional currency option, though he expressed his preference for the dollar, emphasizing, “I used to say … I want one currency, I want the dollar. I don’t want people leaving the dollar and I feel that way, but I will tell you, it [Bitcoin] has taken on a life.” This candid exchange sheds light on Trump’s nuanced perspective on the growing role of cryptocurrency in the financial landscape. 

May: Defending Freedom and Financial Autonomy 

In May, Trump’s stance on Bitcoin became clearer, especially after his announcement on May 21st that his campaign would accept cryptocurrency donations. The move was portrayed as a stand against “socialistic government control” over US financial markets, offering supporters the option to donate using “any cryptocurrency accepted through the Coinbase Commerce product,” according to a press release from his campaign.  

Later, on May 25th, Trump reiterated his intentions to halt the creation of central bank digital currencies (CBDCs) and voiced support for self-custody of cryptocurrency. This pledge addresses concerns about crypto users’ freedom, particularly as the EU moves towards restricting self-custody wallet payments and monitoring crypto transfers, which contradicts crypto’s principles of ownership and privacy. “I will never allow the creation of a Central Bank Digital Currency,” Trump asserted, highlighting the government’s potential control over individuals’ money.  

2024: The Year Crypto Takes Center Stage in the US Presidential Election? 

As we approach the 2024 US presidential election, the question of whether crypto will define the political landscape looms large. While it may be premature to provide a definitive answer, one thing is certain: the growing influx of institutional money into Bitcoin underscores its increasingly influential role in both political and financial arenas. As we navigate the ever-changing landscape of digital finance, one thing remains clear: the crypto revolution is here to stay, shaping the future of global finance in profound and unprecedented ways.  

Ready to join the Crypto revolution within a tax advantage account? Explore the potential of Crypto IRAs! Open a BitcoinIRA¹ account today and start building your crypto-powered retirement, here’s how:   

Diversify your retirement portfolio with the most trusted Crypto IRA platform.   

 

 

 

  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. 
Bitcoin for retirement

How much Bitcoin should I own to retire?

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Bitcoin’s stellar performance over the past decade is undeniable. From 2011 to 2021, it utterly dominated the asset class, delivering explosive returns that far outpaced any other investment. This meteoric rise has naturally led some to contemplate a Bitcoin-only retirement strategy. While diversification is generally recommended for a secure retirement, this article will delve into the feasibility of a Bitcoin-focused retirement plan, exploring the potential benefits and challenges.  

Crafting Your Retirement Budget: Key Considerations  

Defining your ideal retirement budget requires careful consideration of several factors. Here are some essential questions to ask yourself:  

  • Lifespan: While impossible to predict perfectly, estimating your life expectancy helps determine how long your retirement savings need to last. 
  • Retirement Spending: Create a realistic picture of your monthly and annual expenses in retirement. This may differ from your current spending habits. 
  • Investment Returns: Factor in a conservative estimate of how much your retirement savings are likely to earn over time. 
  • Desired Retirement Age: Retiring earlier typically means stretching your savings over a longer period. 
  • Current Savings: Factor in your existing retirement savings. 
  • Track your spending: You need to understand where your money goes now. Track your spending for a few months to categorize your expenses and identify areas where you can cut back if necessary. 
  • Be realistic about housing:  Think about your living situation in retirement. Will you stay in your current home? Downsize to a smaller place?  Consider the ongoing costs of housing, including property taxes, maintenance, and potential homeowner association fees. 
  • Don’t forget inflation:  Inflation erodes the purchasing power of your money over time. Build a buffer for inflation in your retirement budget to ensure your money keeps pace with rising costs. 
  • Plan for the unexpected: Set aside an emergency fund to cover unexpected costs like car repairs or medical emergencies.

By following these tips, you can create a realistic retirement budget that allows you to enjoy your golden years without financial worry.  

Retirement Budget Benchmarks  
  • Savings Target: One common recommendation suggests accumulating 10 times your pre-retirement annual income by retirement. This provides a starting point for estimating how much you’ll need. 
  • The 4% Rule: This widely used strategy proposes withdrawing 4% of your total retirement savings each year, with adjustments for inflation, to ensure your money lasts for at least 30 years. Here’s how it works:
    • Withdrawal rate: In the first year of retirement, you withdraw 4% of your total retirement savings. 
    • Subsequent years: For each year after that, you adjust the withdrawal amount for inflation to maintain purchasing power. So, if inflation is 2%, you’d increase your withdrawal amount by 2% from the previous year.

This strategy aims to provide a steady income stream throughout your retirement and avoid depleting your savings too quickly.  

How Much Bitcoin Should I Own to Retire in 2030?  

Retirement needs vary greatly, however, to provide a starting point, let’s consider a recent Charles Schwab survey. The survey suggests Americans believe an average of $1.8 million is needed for a comfortable retirement by age 67. Based on this and today’s Bitcoin price, this would translate to roughly 25 BTC (May 2024).  

Bitcoin Price Predictions

Assuming you plan to retire in 2030, let’s explore your potential Bitcoin needs based on retirement expenses and Bitcoin projections.  

Bitcoin’s historical performance is undeniable. Its annualized returns explain the surge from $1 in 2011 to $70,000 today. However, past performance doesn’t guarantee future results. Today, price predictions range from a conservative $150,000 to $213,934, $312,767 and even to a staggering $1 million, representing a potential 14x increase.   

These are some of the factors that are driving the current price predictions:  

  • Institutional investors entering the market. 
  • Rising demand. 
  • Bitcoin’s limited supply (only 21 million Bitcoins will ever be mined).  

Given the wide range of Bitcoin price predictions for 2030, let’s explore four possible scenarios for 2030 to estimate the amount of Bitcoin needed for a comfortable retirement.  

  • Scenario 1: Conservative Growth: This scenario assumes a slower growth trajectory for Bitcoin, with a price of $150,000 in 2030. 
  • Scenario 2: Moderate Growth: This scenario reflects a more moderate price increase, with Bitcoin reaching $250,000 by 2030. 
  • Scenario 3: Balanced Growth: This scenario takes the average of the lowest and highest predictions for 2030, pricing Bitcoin at $575,000. 
  • Scenario 4: High Potential Growth: This scenario considers the most bullish prediction, with Bitcoin reaching a price of $1 million by 2030. 
Price of 1 BTC (2030) Bitcoins needed (2030) Projected Bitcoin Growth by 2030

Scenario 1 

 $ 150,000  

12

114% 

Scenario 2 

$ 250,000

7.20 

257% 

Scenario 3 

 $ 575,000  

3.13 

721% 

Scenario 4 

$ 1,000,000  

1.80 

1,329% 

Optimizing Your Retirement Savings 

Here are some key strategies to maximize your retirement nest egg, alongside exploring Bitcoin’s role:  

  • Maximize Tax-Advantaged Accounts: 
    • Contribute the maximum allowed to employer-sponsored plans like 401(k)s or 403(b)s, especially if your employer offers a matching contribution. 
    • Consider opening and contributing to an Individual Retirement Account (IRA) if you don’t have an employer-sponsored plan. Explore Traditional or Roth IRAs depending on your current tax situation and retirement goals. 
  • Automate Savings: Set up automatic contributions to your retirement accounts. This ensures consistent saving and avoids the temptation to delay contributions. 
  • Invest for Growth: Allocate a portion of your retirement savings to growth-oriented investments.  
  • Track and Rebalance: Regularly review your retirement portfolio and rebalance it as needed to maintain your desired asset allocation. 
  • Start Early, Save Consistently: The earlier you start saving, even small amounts can grow significantly over time, reducing the amount you need to save monthly to reach your retirement goals.

Ready to explore how Bitcoin can fit into your retirement plan? BitcoinIRA¹ allows you to securely invest in Bitcoin within a tax-advantaged retirement account. Open an account today and start building your future! 

Here’s how:   

Diversify your retirement portfolio with the most trusted Crypto IRA platform.   

 

 

 

    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.   
Texas residents can leverage their state's tax-friendly environment for Crypto IRA success! Discover the advantages and find the right Crypto IRA platform for you!

Best Bitcoin IRA in Texas: Grow Your Crypto Retirement Tax-Free

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Living in Texas and considering a Crypto IRA? You might be sitting on a goldmine (or rather, a Bitcoin bonanza)! Texas’ unique tax laws offer significant advantages for long-term crypto investors utilizing Crypto IRAs. Let’s explore how Texas’ lack of personal income tax can supercharge your retirement savings strategy. 

Texas: A Top Contender for Crypto IRAs 

Texas is at the forefront of crafting a legal framework for cryptocurrency. Their approach tackles key areas like money transmission involving crypto exchanges and stablecoins, regulates investment contracts tied to cryptocurrency, and clarifies record access for law enforcement.  One concrete example is their pioneering move in 2021 to define “virtual currency” with legal status. This offers much-needed clarity for crypto businesses operating within the state. However, the true star of the show for Texas residents is the lack of personal income tax. This can be a significant advantage, particularly for Crypto IRA users, as it eliminates double taxation on withdrawals from traditional IRAs, allowing you to keep more of your assets.  

Unlike most states, Texas does not levy a personal income tax. This means you wouldn’t pay state income taxes on your wages, salaries, or investment earnings (including cryptocurrency gains). This can be a significant tax advantage for residents.  

This lack of personal income tax creates a highly tax-friendly environment and makes Texas a strong contender for crypto investors seeking a tax-advantaged approach to retirement savings.  

Double Tax Advantage: Escape the Bite  

Distributions from IRAs are not subject to capital gains taxes. This can be a significant advantage, allowing you to keep more of your investment gains leading to a larger retirement nest egg.  

Here’s a breakdown of traditional and Roth IRAs for reference: 

Traditional IRA: Contributions are tax-deductible upfront, but withdrawals are taxed as ordinary income in retirement. 

Roth IRA: Contributions are made with after-tax dollars (not deductible), but qualified withdrawals in retirement are generally tax-free. 

Imagine you invest $1,000 in a Crypto IRA. In a state with a 5% income tax, your state might take a $50 “bite” out of your contribution upon withdrawal.  In Texas, you avoid this state-level tax on withdrawals. This allows you to keep more of your assets. 

Finding the Right Crypto IRA Platform 

With this tax advantage in mind, choosing the right Crypto IRA provider is crucial. Among the options available, BitcoinIRA¹ emerges as an outstanding choice within the cryptocurrency landscape. Here’s why BitcoinIRA excels in meeting the most critical requirements:    

  • Extraordinary Reputation: BitcoinIRA garners accolades and recognition across various analyses, solidifying its status as the foremost Bitcoin IRA provider. Notably, esteemed experts laud BitcoinIRA for its pioneering role as the first Bitcoin IRA platform. Moreover, its collaborations with prominent financial media outlets underscore its credibility and reliability.   
  • Unwavering Security²: By entrusting most client assets to BitGo—the world’s premier Bitcoin transaction processor—BitcoinIRA fortifies its security measures. Robust features such as multi-signature digital wallets2, secure custody solutions, and industry leading insuranceinsurance2 provide unparalleled protection for your assets.   
  • Seamless User Experience: Access to live support from seasoned Crypto IRA specialists is integral to BitcoinIRA’s commitment to empowering investors to seize control of their financial futures. Whether you’re initiating your journey or seeking guidance on optimizing your portfolio, BitcoinIRA ensures an unparalleled user experience.    
  • Extensive Diversification: BitcoinIRA offers an expansive selection of over60 cryptocurrencies. This diverse array of digital assets empowers you to tailor your self-directed IRA to align with your investment objectives and risk tolerance.    

Texas, with its lack of personal income tax, offers a compelling reason to consider a Crypto IRA for your long-term retirement goals.  By choosing the right platform, you can leverage the tax advantages and potentially maximize your returns! 

Conclusion.  

While the legal recognition of cryptocurrency holds some weight for crypto businesses in Texas, the true star of the show for Texas residents is the lack of personal income tax. This eliminates double taxation on your Crypto IRA withdrawals, allowing you to keep more of your assets and maximize your retirement savings.  With Texas’ tax-friendly environment and the possibility to invest through Crypto IRA platforms, now is the perfect time to explore how crypto can supercharge your retirement strategy. Remember, consult a tax advisor for personalized guidance before investing. 

Ready to take charge of your future and explore the potential of Crypto IRAs? Open a BitcoinIRA account today and start building your crypto-powered retirement! Here’s how:   

Diversify your retirement portfolio with the most trusted Crypto IRA platform.   

 

 

 

  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.
Ethereum ETF

Ethereum ETF Gets Green Light from SEC

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The wait is over! Today, the SEC delivered its much-anticipated decision on the fate of Ethereum ETFs. After a string of rejections and a week of swirling speculation, we finally have the official verdict. 

Fueled by a recent regulatory shift, interest in Ethereum ETFs has skyrocketed by a staggering 1,900% in recent days.  

Source: Google Trends 

 

This surge coincides with a 21.3% jump in Ethereum’s price, rising from $3,123.56 on May 19th to $3,788.52 on May 21st.  

Source: Google Finance 

 

The catalyst for this frenzy? On Tuesday May 21, the SEC’s reported request for amendments to spot Ethereum ETF applications filed with major exchanges like Nasdaq, Cboe, and the NYSE. This move, seen as a potential green light, boosted expert predictions for approval from 25% to a whopping 75%. 

And the predictions were spot on!  

After days of fevered anticipation, the SEC has officially delivered the news everyone’s been waiting for: the green light for the first-ever spot Ethereum ETFs.  

The SEC approved launching several spot Ethereum ETFs, paving the way for billions in institutional investment. These ETFs, from issuers like BlackRock and Fidelity, are expected to list on major exchanges after finalizing registration and exchange agreements. 

This approval marks the culmination of years of waiting and numerous rejected applications. Proponents of Ethereum ETFs have long argued for their role in facilitating secure and mainstream adoption of the world’s second-largest cryptocurrency. 

“We may be seeing in real time that what institutions want, institutions get,” says Chris Kline, chief revenue officer and co-founder of Bitcoin IRA, as quoted on Morningstar.com a few days before the SEC announcement. Meaning that the approval of the Ethereum ETFs will also demonstrate institutional interest in crypto assets. increased 

The SEC’s decision is likely to trigger a new wave of excitement for Ethereum ETFs. Analysts expect multiple issuers to launch their own offerings in the coming months, potentially attracting billions of dollars in investments. Drawing parallels to the Bitcoin ETF launch and subsequent price surge, analysts are cautiously optimistic that Ethereum could see similar new highs in the following months.  This green light could be a watershed moment for both Ethereum and the broader cryptocurrency market. 

Alternative Avenues for Ethereum Investment: Exploring Crypto IRAs for the Long Term  

The recent approval of Ethereum ETFs opens up new avenues for investors, but Crypto IRAs can still be a compelling option for those seeking tax advantages.  

Crypto IRA vs. Ethereum ETF: A Brief Comparison 

 

Feature 

Ethereum ETF 

Crypto IRA 

Investment Vehicle 

Owns shares in an ETF that tracks the price of Ethereum. 

Directly owns Ethereum 

Tax Advantages 

No specific tax benefits 

Potential tax-deferred growth (traditional IRA) or tax-free growth (Roth IRA) 

Control 

Limited control over underlying asset 

Full control over your Ethereum holdings 

 

Choosing Between an Ethereum ETF and a Crypto IRA 

If you prioritize a familiar investment structure, an Ethereum ETF might be perfect. However, a Crypto IRA offers the potential for more control and significant tax benefits, especially for long-term investors.  

A New Era for Ethereum 

With the SEC greenlighting the first Ethereum ETFs, investors now have a new way to join the Ethereum game. This long-awaited approval could trigger a fresh wave of excitement, potentially pushing Ethereum to new highs. However, Crypto IRAs remain a valuable option for those prioritizing tax advantages and control over their Ethereum holdings. Regardless of your chosen path, the future of investing in Ethereum is brimming with possibilities. 

Ready to take charge of your future and explore the potential of Crypto IRAs? 

Do you believe in the crypto revolution and want to take charge of your cryptocurrency future? Look beyond Ethereum ETFs and explore the possibilities of a Crypto IRA. Unlike Ethereum ETFs, Crypto IRA providers such as BitcoinIRA offer direct ownership of Ethereum and a wider range of cryptocurrencies. 

Open a BitcoinIRA1 account today and start building your crypto-powered retirement! Here’s how:   

Diversify your retirement portfolio with the most trusted Crypto IRA platform.   

 

  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. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bitcoin ETF 401k

Bitcoin in Your 401k: Direct Ownership vs. Bitcoin ETF

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401k plans reign supreme as a retirement savings vehicle in the US. They offer a diverse investment menu, including mutual funds and stocks, allowing you to craft a strategy aligned with your risk tolerance and retirement goals. While Bitcoin’s explosive rise has sparked curiosity about its potential in retirement savings, directly including it within a 401k remains unavailable for now. 

However, if you’re keen to explore the potential of cryptocurrencies within your retirement plan, there are alternative avenues to consider that can help you leverage this asset class for long-term growth.  

Is it possible to invest directly in Bitcoin with my 401k? 

While Bitcoin’s allure is undeniable, directly adding it to your 401k isn’t an option with most traditional plans. However, there are alternative paths to explore cryptocurrencies within your retirement strategy. 

Consider self-directed IRAs or Crypto IRAs. These accounts, offered by some providers like BitcoinIRA¹, allow investment in Bitcoin and often a wider range of cryptocurrencies (BitcoinIRA offers over 60!). To access these options, you would initiate a rollover process to move your 401k funds to a compatible Crypto IRA. This maintains the tax benefits of an IRA while opening the door to cryptocurrency exposure. 

Can I use my 401k to invest in Bitcoin ETFs?  

The possibility of investing in a Bitcoin ETF through your 401k depends on your specific plan. Check your plan documents or consult your plan administrator to see what investment options are available. Even if your plan offers Bitcoin ETFs, they might not be suitable for everyone. Consider your investment goals before making a decision. 

Is a Bitcoin IRA a good option for my retirement savings? 

While traditional 401k plans typically lock out direct Bitcoin ownership, there are alternative avenues for the crypto-curious investor. Self-directed IRAs and Crypto IRAs specialize in holding cryptocurrencies, including Bitcoin. These accounts can provide the same potential tax benefits as regular IRAs, like tax-deferred growth or tax-free withdrawals (depending on the IRA type), while also opening the door to Bitcoin´s potential growth.  

What are the pros and cons of a Bitcoin ETF compared to directly owning Bitcoin in my 401k? 

Direct Bitcoin Ownership: 

  • Pros: Potentially higher returns, full control over your Bitcoin. 
  • Cons: Transaction fees, price volatility. 

Bitcoin ETF: 

  • Pros: Easy to buy and sell through traditional brokerage accounts (if your 401k offers them). 
  • Cons: You don’t actually own Bitcoin, may not track the price of Bitcoin perfectly, often comes with additional fees. 
Should I put my 401k directly in Bitcoin or into a Bitcoin ETF? 

While the question of directly owning Bitcoin versus a Bitcoin ETF in your 401k might seem straightforward, the reality is most traditional 401k plans don’t offer either option.  Your plan documents will clearly outline the available investment choices. 

If your 401k happens to include Bitcoin ETFs, that could be an indirect way to gain some exposure.  However, for those seeking a more direct crypto investment path, consider a Crypto IRA. This involves rolling over your 401k funds to a compatible Crypto IRA that allows ownership of Bitcoin and potentially a wider range of cryptocurrencies. Crypto IRAs offer the potential for diversification, tax benefits, and potentially higher returns.   

Ultimately, exploring alternative assets for diversification can be a wise strategy for long-term growth. However, the decision between a Bitcoin ETF (if available in your 401k) or a Crypto IRA depends on your individual circumstances and investment goals. 

Navigating the Crypto Frontier in Your Retirement Plans 

Bitcoin’s meteoric rise has undoubtedly captured the attention of investors, including those planning for retirement. While directly adding Bitcoin to a traditional 401k isn’t currently possible, this doesn’t mean you’re locked out of exploring cryptocurrencies within your retirement strategy. 

For the crypto-curious, self-directed IRAs and Crypto IRAs offer an alternative path. These accounts allow direct ownership of Bitcoin and potentially a wider range of cryptocurrencies, while also maintaining the tax advantages offered by IRAs.  

Ultimately, the decision of whether to integrate cryptocurrencies into your retirement strategy depends on your individual circumstances and investment goals. 

Ready to take charge of your future and explore the potential of Crypto IRAs? Open a BitcoinIRA account today and start building your crypto-powered retirement! Here’s how:   

Diversify your retirement portfolio with the most trusted Crypto IRA platform.   

 

  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. 

 

 

Bitcoin Pizza Day

Celebrate Bitcoin Pizza Day with Extra Dough! Reward extended through Independence Day

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On May 22nd 2010, Laszlo Hanyecz made history. For the first time in the history of this new digital currency, Laszlo used Bitcoin to purchase a good.   

What did he buy?   

For the small price of 10,000 BTC, Laszlo bought two large Papa John’s pizzas. Yep, you read that right – 10,000 BTC for 2 large pies. What can 10,000 BTC get you in 2024?  

  • Around $700,000,000 US dollars 
  • Over 275,000 ounces of gold 
  • Over 1,000 median priced homes in the US 

And approximately 40 million large pizzas!  

Reward extended through Independence Day!

To celebrate the occasion, we’re launching two new promotions to help you save more for your future. Between now and Father’s Day (Now extended through Independence Day 7/04/24) , you can earn more than $1,000 in rewards when you add funds to your BitcoinIRA account and refer your friends.  

1. Fund your BitcoinIRA account with $1,000 or more to earn up to $500 in rewards¹.  

 The More You Save, The More You Earn:

Funding Bonuses

2. Refer Your Friends to Stack More Savings (and swag²!) 

After you create and fund your account, you can start referring friends in 3 easy steps:  

  1. Click here and log into your account to access the Refer-A-Friend program page. 
  2. Invite your friends to join BitcoinIRA by sending your unique code. 
  3. You’ll each receive a $150² reward when they fund a new account with $3,000 or more.   

And between now and Father’s Day (Now extended through Independence Day 7/04/24) , for every additional friend you refer, you can earn exclusive BitcoinIRA swag!  

Referral Rewards

  1. Financial Freedom Funding Reward Program: Earn up to a $500 reward (gift card) when your account is funded between May 22, 2024 and July 04, 2024 11:59 pm PT. Account minimum must be $1,000 to receive the minimum funding reward of $50. Funds must be received within this time frame to be eligible for the reward. Account set up and funding may take up to 60 days, depending on your funding source. Promotion Terms, Account Eligibility and Terms & Conditions apply. Processing and verification may take up to 90 days, after which rewards will be distributed by email. BitcoinIRA reserves the right to modify this program, terms, conditions, and eligibility criteria or terminate the program at any time without prior notice.
  2. Refer-a-Friend Financial Freedom Program Details: Receive a $150 gift card and  one (1) BitcoinIRA swag item for each new user that uses your custom referral link to open a valid account between May 22, 2024 and July 04, 2024 11:59 pm PT and funds it with $3,000 or more within 60 days. Referred users will also receive $150 gift card. Referred users must be a new BitcoinIRA customer to be eligible. Promotion Terms, Account Eligibility and Terms & Conditions apply. Processing and verification may take up to 90 days, after which rewards will be distributed by email. BitcoinIRA reserves the right to modify this program, terms, conditions, and eligibility criteria or terminate the program at any time without prior notice.
Bitcoin ETFs 401k

How to add Bitcoin ETFs to Your 401k or IRA

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Many investors worldwide are exploring ways to incorporate Bitcoin into their long-term financial plans, including retirement savings. But how does this digital asset fit within retirement accounts like 401ks and IRAs? 

This guide explores two main methods: Bitcoin ETFs and Crypto IRAs. We’ll delve into eligibility, the process for adding Bitcoin ETFs to self-directed IRAs, and then compare the advantages and disadvantages of both approaches to empower you to make informed decisions about this exciting investment strategy for your retirement. 

Understanding Bitcoin ETFs 

Bitcoin ETFs offer a more traditional way to gain exposure to Bitcoin. These exchange-traded funds hold underlying Bitcoin assets, similar to how a gold ETF holds physical gold. 

Can Your Retirement Account Hold Bitcoin ETFs? 

Now, let’s address the big question: Can you actually add Bitcoin ETFs to your existing retirement account? The answer depends on the type of account you have: 

  • Traditional IRAs and Roth IRAs: There’s a growing trend of self-directed IRAs allowing alternative investments like Bitcoin ETFs. However, not all IRA custodians offer this option. It’s essential to check with your custodian to see if they support Bitcoin ETFs in their self-directed IRA accounts. 
  • 401ks: Currently, most traditional 401k plans restrict investments to a pre-selected menu of options, typically excluding Bitcoin ETFs. There’s a possibility that this might change in the future, but for now, 401k participants cannot directly invest in Bitcoin ETFs. 
  • Choosing a Self-Directed IRA: If you already have an IRA with a more traditional custodian and are interested in Bitcoin ETFs, consider transferring or rolling it over to a self-directed IRA.  This offers more control over your investment options.  Conduct thorough research to choose a reputable custodian with a proven track record in handling alternative assets like Bitcoin ETFs. Security of these assets is crucial, so ensure your chosen custodian has robust cybersecurity measures in place. 
The Process: Adding Bitcoin ETFs to Your Self-Directed IRA 

If you’ve confirmed your self-directed IRA allows Bitcoin ETFs, here’s a breakdown of the process: 

  1. Research Bitcoin ETFs: Several Bitcoin ETFs exist, each with its own structure and fees. Research the specific ETF you’re considering, understanding its underlying holdings and investment strategy. 
  2. Selecting a Custodian: As mentioned earlier, choosing the right custodian is crucial. Look for a reputable institution with a strong track record in handling alternative assets and robust security measures. 
  3. Transferring Funds (if applicable): If your existing IRA is not with the chosen custodian, you might need to initiate a transfer to consolidate your funds.  
  4. Investing in the ETF: Once your funds are settled, you can instruct your custodian to invest your desired amount in the chosen Bitcoin ETF. 

Consider consulting with a financial advisor to ensure Bitcoin ETFs align with your overall retirement strategy.  They can help you navigate specific requirements and potential tax implications associated with your chosen custodian and investment strategy. 

Crypto IRAs for Control and Tax Advantages 

Unlike Bitcoin ETFs, Crypto IRAs grant you direct ownership of Bitcoin, along with a diverse range of cryptocurrencies. But the benefits extend far beyond control. Crypto IRAs boast the potential for significant tax advantages, mirroring those of regular IRAs. This translates to the exciting prospect of supercharging your cryptocurrency growth while maximizing your retirement savings. 

Look beyond the limitations of Bitcoin ETFs and explore the expansive possibilities of a Crypto IRA. Easily transfer your existing IRA or consider a rollover from your 401k (depending on your plan’s rules) to a specialized Crypto IRA custodian like BitcoinIRA¹.   

Investing Directly in Bitcoin with a Crypto IRA vs Bitcoin ETFs  

Now we’ll explore the advantages and disadvantages of each approach, empowering you to make informed decisions about this exciting investment landscape: 

Investing Directly in Bitcoin with a Crypto IRA 

Advantages:   

  • Possible tax benefits.    
  • Greater control over your investment choices.   
  • Direct ownership of Bitcoin.   
  • Higher diversification opportunities.    
  • 24/7 accessibility (in most cases).   
  • When you reach retirement age, you can elect to distribute your Bitcoin in-kind to your personal wallet.   
  • Potential for higher returns.  

Disadvantages:   

  • Fees associated with cryptocurrency transactions and storage.   
Investing in Bitcoin Through a Bitcoin ETF   

Advantages:   

  • Familiar investment vehicle.   

Disadvantages:   

  • Limited control over the underlying Bitcoin holdings.   
  • The ETF may not track the price of Bitcoin perfectly.   
  • Bitcoin ETFs may charge management fees, which can reduce your overall returns.   
  • Bitcoin ETFs are still a relatively new investment option.  
  • ETFs can only be bought or sold during market hours.    
  • Restricted only to Bitcoin.    
  • Upon reaching retirement, ETFs are required to be sold off and you can only distribute USD.    
Conclusion. 

Bitcoin ETFs and Crypto IRAs. Each approach offers distinct advantages and disadvantages. Bitcoin ETFs provide a familiar structure for retirement account holders, while Crypto IRAs unlock a wider range of cryptocurrencies and the potential for greater control. 

Ready to take charge of your Bitcoin future and explore the potential of Crypto IRAs? Open a BitcoinIRA account today and start building your crypto-powered retirement! Here’s how:    

Diversify your retirement portfolio with the most trusted Crypto IRA platform. 

 

 

  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. 
Best Bitcoin IRA vs Best Bitcoin IRA

Best Bitcoin ETF vs. Best Bitcoin IRA

Key Sections

Bitcoin’s meteoric rise has many investors wondering: can it play a role in my retirement strategy? The answer is yes, but choosing the right investment vehicle is crucial. This article dives deep into the two main contenders: Bitcoin ETFs and Bitcoin IRAs. We’ll compare their pros and cons, and the level of control you have over your investment.  By the end, you’ll be equipped to make an informed decision that aligns with your retirement goals. 

Bitcoin IRAs vs. Bitcoin ETFs: Which option offers more control over my Bitcoin investment? 

A Bitcoin IRA offers significantly more control over your Bitcoin investment compared to a Bitcoin ETF. Here’s why: 

Bitcoin IRA: 

  • Direct Ownership: You directly own the underlying Bitcoin in your IRA.  
  • Potential for Management: Some Crypto IRAs allow you to interact with your Bitcoin directly. This could involve staking it to earn rewards or using it for decentralized finance (DeFi) applications (availability depends on the provider and regulations). 

With a Bitcoin IRA, you have more autonomy and responsibility.    

A Bitcoin ETF offers a more hands-off approach, similar to investing in stocks. While it might be easier to manage, you sacrifice control over the underlying asset. 

Bitcoin IRAs vs. Bitcoin ETFs: Unveiling the Tax Benefits 

Potential tax advantages are a key consideration when choosing between Bitcoin IRAs and Bitcoin ETFs. Here’s a breakdown: 

Bitcoin IRAs: 

  • Tax-Deferred Growth (Potentially): This is the biggest potential tax advantage. Contributions to a traditional IRA grow tax-deferred, meaning you don’t pay capital gains taxes on any appreciation. This can significantly benefit your long-term returns. (Note: Consult a tax advisor for specifics based on your IRA type – traditional or Roth) 

Important Considerations: 

  • Traditional IRA: Upon withdrawal in retirement, you’ll pay income tax on the entire amount distributed (contributions + growth). This might be beneficial if you expect to be in a lower tax bracket in retirement. 
  • Roth IRA: If you use a Roth IRA for your Bitcoin investment, contributions are made with after-tax dollars, but qualified withdrawals in retirement are typically tax-free. This might be ideal if you expect to be in a higher tax bracket in retirement. 

Bitcoin ETFs: 

  • No Tax-Deferred Growth: You don’t get the tax-deferred growth benefit. You’ll pay capital gains taxes on any profits when you sell your ETF shares. 
Feature Bitcoin IRA Bitcoin ETF

Tax-Deferred Growth 

Potentially (Traditional IRA) 

No 

Tax-Free Withdrawals (upon qualification) 

Potentially (Roth IRA) 

No 

Capital Gains Taxes 

No  

Paid when selling shares 

Bitcoin IRAs offer the potential for much greater tax advantages through tax-deferred growth, especially for traditional IRAs if you expect to be in a lower tax bracket in retirement. 

Crypto IRAs vs. Bitcoin ETFs: Maximizing Diversification in Your Crypto Portfolio 

Crypto IRAs typically offer wider investment options compared to Bitcoin ETFs. Here’s the breakdown: 

Crypto IRAs: 

  • Multi-Cryptocurrency Support: Many Crypto IRAs allow you to hold a variety of cryptocurrencies beyond just Bitcoin. This lets you diversify your cryptocurrency portfolio within your retirement savings plan. 
  • Potential for Alternative Assets: Some Crypto IRAs might even offer exposure to other digital assets like Litecoin (LTC). 

Bitcoin ETFs: 

  • Limited to Bitcoin: Most Bitcoin ETFs focus solely on Bitcoin as the underlying asset. While a few variations might track Bitcoin futures contracts, they generally don’t offer exposure to other cryptocurrencies. 

Benefits of Wider Investment Options: 

  • Diversification: Spreading your investment across multiple cryptocurrencies can help mitigate risk by reducing your dependence on the price movements of a single asset (Bitcoin). 
  • Strategic Exposure: You can potentially tailor your Crypto IRA holdings to align with your investment strategy and risk tolerance. 

If you’re interested in diversifying your cryptocurrency exposure within your retirement plan, a Bitcoin IRA might be a better choice due to the wider investment options it can offer compared to Bitcoin ETFs. However, always research specific providers and the cryptocurrencies they support before making a decision. 

Bitcoin IRAs vs. Bitcoin ETFs: Potential for higher returns 

With direct ownership in a Bitcoin IRA, you capture the full potential upside of Bitcoin’s price growth. Traditional IRAs offer tax-deferred growth on your Bitcoin holdings. This means you don’t pay taxes on any appreciation until withdrawal during retirement, which can significantly benefit long-term returns. (Consult a tax advisor for specifics) 

While Bitcoin IRAs offer the potential for higher returns due to full capture of appreciation and tax-deferred growth (especially for traditional IRAs), careful consideration of your investment strategy is crucial.  

Bitcoin IRAs vs. Bitcoin ETFs: Trading schedule 

Some Crypto IRA providers, such as BitcoinIRA1, allow you to buy and sell Bitcoin directly through their platform, potentially 24/7 and 365 days a year. This allows you to react to market movements even outside of traditional market hours. In contrast, Bitcoin ETFs trade on stock exchanges, which typically have specific trading hours (weekdays during business hours). This limits your ability to buy or sell outside of those times. 

Benefits of 24/7 Access: 

  • React to Market Movements: The ability to buy or sell Bitcoin anytime can be advantageous if you want to capitalize on price fluctuations. 
  • More Control Over Investment Timing: You can potentially make investment decisions based on your own schedule and market analysis, not just market hours. 
The Verdict: Bitcoin IRAs vs. Bitcoin ETFs 

Bitcoin IRAs offer greater control, potential for higher returns, and wider investment options. Bitcoin ETFs provide a familiar structure but limit control and access. Consider your priorities for control, convenience, diversification, and trading flexibility to decide. Do your research on specific providers, fees, and taxes (consult a tax advisor) before making a decision. This will empower you to choose the option that best aligns with your retirement strategy and risk tolerance, potentially allowing you to benefit from Bitcoin’s growth within your retirement portfolio. 

How to Get Started?   

Open a BitcoinIRA account today and start building your crypto-powered retirement! Here’s how:   

Diversify your retirement portfolio with the most trusted Crypto IRA platform.   

 

 

  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  
Best Bitcoin ETF

Best Bitcoin ETF: Comparing Fees & Features

Key Sections

The rise of Bitcoin ETFs has opened up a new avenue for investors to gain exposure to the world’s most popular cryptocurrency. These exchange-traded funds offer a familiar way to invest in Bitcoin. However, with a growing number of Bitcoin ETFs available, choosing the right one can be overwhelming. This article delves into the key factors to consider when comparing Bitcoin ETFs, including Assets Under Management (AUM), daily volume, and fees. We’ll also explore the pros and cons of investing in Bitcoin ETFs versus directly acquiring Bitcoin, helping you make an informed decision that aligns with your investment goals. 

AUM (Assets Under Management) 

AUM refers to the total amount of money invested in that particular ETF. Here’s why AUM is important: 

  • Investor Confidence: A higher AUM can indicate greater investor confidence in a specific Bitcoin ETF. This can be reassuring, suggesting the ETF is well-regarded and has a track record of attracting investors. 
  • Liquidity: Generally, ETFs with higher AUM tend to have higher trading volume. This translates to easier buying and selling of shares without significantly impacting the price. 
  • Stability: A larger AUM suggests the ETF has a more established presence in the market. This can provide a sense of stability, especially for new investors entering the cryptocurrency space.

 

Popular Bitcoin ETFs

ETF Name & symbol AUM ($MM) as of May 16,2024

Grayscale Bitcoin Trust (GBTC) 

$ 17,760.30 

iShares Bitcoin Trust (IBIT) 

$ 16,897.40 

Fidelity Wise Origin Bitcoin Fund (FBTC) 

$   9,460.11 

Ark 21Shares Bitcoin ETF (ARKB) 

$   2,810.50 

Bitwise Bitcoin ETF (BITB) 

$   2,148.59 

VanEck Bitcoin Trust (HODL) 

$      595.10

Valkyrie Bitcoin Fund (BRRR) 

 $      499.73  

Invesco Galaxy Bitcoin ETF (BTCO) 

$      425.95 

Franklin Templeton Digital Holdings Trust (EZBC) 

$      372.78 

WisdomTree Bitcoin Fund (BTCW) 

$        69.57 

Hashdex Bitcoin ETF (DEFI) 

$        11.28 

Source: https://etfdb.com/

As of May 16th, 2024, Grayscale Bitcoin Trust (GBTC) boasts the highest AUM, which could be seen as a sign of investor confidence. However, there are key structural differences between GBTC and newer, SEC-regulated Bitcoin ETFs: 

  • Regulation: GBTC operates as a trust under OCC regulations, while newer ETFs are SEC-regulated. This impacts features like: 
  • Creation and Redemption: Newer ETFs allow for on-demand creation and redemption of shares, while GBTC has limited options. 
  • Fees: GBTC’s expense ratio is typically higher due to its structure. 
  • Underlying Asset: While some Bitcoin ETFs hold actual Bitcoin, GBTC may use Bitcoin futures contracts. This can introduce tracking errors (meaning the ETF’s price might not perfectly reflect Bitcoin’s price) and potentially higher volatility. 

The current AUM landscape shows a hierarchy: 

  • Dominant Players: The top three (Grayscale Bitcoin Trust (GBTC), iShares Bitcoin Trust (IBIT), and Fidelity Wise Origin Bitcoin Fund (FBTC)) hold a significant majority of the total AUM, with GBTC leading the pack. 
  • Mid-Tier Contenders: Ark 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF (BITB) occupy a mid-tier range with AUMs around $4-5 billion. 
  • Emerging Players: The remaining ETFs on our list (HODL, BRRR, BTCO, EZBC, BTCW, DEFI) have a considerably smaller AUM, all falling below $2 billion. 

By understanding AUM and its implications, you can make more informed decisions when choosing a Bitcoin ETF.   

Daily volume 

When evaluating Bitcoin ETFs, daily trading volume is a key metric that unlocks valuable insights into two crucial aspects: liquidity and investor interest. Let’s delve into what daily volume tells us and how to interpret it effectively: 

Liquidity: 

  • Higher Volume = Easier Buying/Selling: A higher daily trading volume generally indicates greater liquidity for the ETF. This means you can more easily buy and sell shares at the current market price without significantly impacting the price yourself. 
  • Lower Volume = Potential Difficulty: With ETFs that have a lower daily trading volume it might be harder to enter or exit positions quickly, especially for larger investments. You might have to accept a less favorable price due to a lack of buyers or sellers. 

Investor Interest: 

  • High Volume = Potential Popularity: A consistently high daily trading volume can suggest investor interest in the specific Bitcoin ETF. This might be a sign of confidence in the fund’s management or its underlying investment strategy. 
  • Low Volume Doesn’t Necessarily Mean Disinterest: However, don’t automatically dismiss an ETF with lower trading volume. Research the fund itself. It could be a newer option gaining traction or cater to a more niche investment strategy. 
Source : www.theblock.co

As of May 15, 2024, iShares Bitcoin Trust (IBIT) boasts the highest daily trading volume, followed by Grayscale Bitcoin Trust (GBTC). It’s important to note that March 2024 saw the highest overall volume for Bitcoin ETFs, reaching a peak of almost 10 billion on its busiest week. This record level hasn’t been surpassed since. 

Bitcoin ETF Fees Comparison

Even a small difference in fees can significantly impact on your returns over time. A lower expense ratio means you keep more of your profits. 

ETF Name Ticker Fee Fee waiver

Franklin Templeton Digital Holdings Trust 

EZBC 

0.19% 

Free until 8/2/24 or $10 billion AUM (whichever comes first). 

Bitwise Bitcoin ETF  

BITB 

0.20% 

Free for 1st 6 months OR $1 billion AUM (whichever comes first). 

VanEck Bitcoin Trust  

HODL 

0.20% 

Free until 3/31/ 2025 OR $1.5 billion AUM (whichever comes first). 

Ark 21Shares Bitcoin ETF  

ARKB 

0.21% 

No fee for 1st 6 months OR $1 billion AUM (whichever comes first). 

iShares Bitcoin Trust 

IBIT 

0.25% 

0.12% fee for 1st year OR $5 billion AUM (whichever comes first), then 0.25%. 

Fidelity Wise Origin Bitcoin Fund  

FBTC 

0.25% 

Free until 8/1/2024 

Valkyrie Bitcoin Fund 

BRRR 

0.25% 

Free for the first 3 months. 

Invesco Galaxy Bitcoin ETF 

BTCO 

0.25% 

Free for 1st 6 months OR $5 billion AUM (whichever comes first). 

Hashdex Bitcoin ETF 

DEFI 

0.90% 

N/A 

Grayscale Bitcoin Trust 

GBTC 

1.50% 

N/A 

While fee waivers can be enticing, we excluded them from our comparison as they’re temporary. Looking at long-term costs, Franklin Templeton Digital Holdings Trust (EZBC) currently holds the crown for the lowest expense ratio (0.19%) among established Bitcoin ETFs. Remember, Grayscale Bitcoin Trust (GBTC) operates as a trust with a higher expense ratio (1.50%). 

Digging Deeper: Features to Shape Your Bitcoin ETF Decision 

While daily volume, AUM, and fees are crucial factors in comparing Bitcoin ETFs, they don’t tell the whole story. To make an informed decision, it’s essential to delve deeper into the underlying structure and features of each ETF. Here’s a comparison table highlighting key features like:  

  • 1 Month Return: See how each ETF has performed in the last month. This can offer a glimpse into recent performance. 
  • Custodian Security: Who safeguards the ETF’s Bitcoin assets? 
ETF Name & Symbol 1 Month Return (As of 05/17/24) Custodian Security

Grayscale Bitcoin Trust (GBTC) 

2.91% 

Coinbase Custody 

iShares Bitcoin Trust (IBIT) 

2.97% 

Coinbase Custody 

Fidelity Wise Origin Bitcoin Fund (FBTC) 

3% 

Fidelity Digital Assets 

Ark 21Shares Bitcoin ETF (ARKB) 

3.02% 

Coinbase Custody 

Bitwise Bitcoin ETF (BITB) 

2.96% 

Coinbase Custody 

VanEck Bitcoin Trust (HODL) 

2.94% 

Gemini Custody 

Valkyrie Bitcoin Fund (BRRR) 

2.90% 

Coinbase Custody 

Invesco Galaxy Bitcoin ETF (BTCO) 

3.05% 

Coinbase Custody 

Franklin Templeton Digital Holdings Trust (EZBC) 

3.11% 

Coinbase Custody 

WisdomTree Bitcoin Fund (BTCW) 

3.02% 

Coinbase Custody 

Sources: etfdb.com , ud.hk  

 

By understanding these aspects, you can choose a Bitcoin ETF that aligns with your investment strategy and risk tolerance.  

What´s the best Bitcoin ETF? 

It’s important to understand that there’s no single “best” Bitcoin ETF as it depends on your individual investment goals and priorities. However, here are 3 popular Bitcoin ETFs that consistently rank well based on various factors, including fees: 

1.Bitwise Bitcoin ETF (BITB): 

  • Pros: Low fees (0.20% as of May 15, 2024), high liquidity, strong issuer reputation (Bitwise Asset Management). 
  • Cons: Relatively new compared to some competitors. 

2. iShares Bitcoin Trust (IBIT): 

  • Pros: Moderate fees (around 0.25%), high liquidity, established issuer (BlackRock). 
  • Cons: Expense ratio slightly higher than BITB. 

3. Fidelity Wise Origin Bitcoin Fund (FBTC): 

  • Pros: Moderate Fees (0.25%), Fidelity brand; trusted name inspires confidence in security and management, Fidelity Digital Assets acts as custodian, potentially offering additional control. 
  • Cons: Lower daily volume compared to BITB and IBIT, but still maintains good liquidity among newer ETFs. 
Investing Directly in Bitcoin with a Crypto IRA vs Bitcoin ETFs 

Investing Directly in Bitcoin 

Advantages: 

  • Possible tax benefits.   
  • Greater control over your investment choices.  
  • Direct ownership of Bitcoin.  
  • Higher diversification opportunities.   
  • 24/7 accessibility (in most cases).  
  • When you reach retirement age, you can elect to distribute your Bitcoin in-kind to your personal wallet.  
  • Potential for higher returns. 

Disadvantages: 

  • Fees associated with cryptocurrency transactions and storage.  
Investing in Bitcoin Through a Bitcoin ETF 

Advantages: 

  • Familiar investment vehicle.  

Disadvantages: 

  • Limited control over the underlying Bitcoin holdings.  
  • The ETF may not track the price of Bitcoin perfectly.  
  • Bitcoin ETFs may charge management fees, which can reduce your overall returns.  
  • Bitcoin ETFs are still a relatively new investment option.  
  • ETFs can only be bought or sold during market hours.   
  • Restricted only to Bitcoin.   
  • Upon reaching retirement, ETFs are required to be sold off and you can only distribute USD.   

In summary: 

  • There’s no single “best” Bitcoin ETF. The ideal choice depends on your individual circumstances and financial goals. 
  • If you prioritize control and potentially higher returns, then directly owning Bitcoin might be a better option. 
  • If you prefer a familiar investment structure and easier storage a Bitcoin ETF could be a good choice. However, be aware of limitations on control and potential tracking errors. 
Empower Your Bitcoin Journey: Crypto IRAs for Tax-Smart Control 

Believe in the Bitcoin revolution and want to take charge of your cryptocurrency future? Look beyond Bitcoin ETFs and explore the possibilities of a Crypto IRA. Unlike ETFs, Crypto IRAs offer direct ownership of Bitcoin and a wider range of cryptocurrencies, placing you in the driver’s seat of your investment strategy. 

But the advantages don’t stop there. Crypto IRAs hold the potential for significant tax benefits, similar to regular IRAs. This means you can potentially grow your cryptocurrency and maximize your retirement savings. 

Crypto IRAs are ideal for investors who: 
  • Believe in the long-term potential of cryptocurrency. 
  • Want more control over their crypto holdings. 
  • Seek tax-advantaged options for retirement saving. 

Ready to take charge of your Bitcoin future and explore the potential of Crypto IRAs? Open a BitcoinIRA¹ account today and start building your crypto-powered retirement! Here’s how:   

Diversify your retirement portfolio with the most trusted Crypto IRA platform.   

 

 

  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. 

 

Bitcoin ETFs in Your Fidelity 401(k)

Can You Buy Bitcoin ETFs in Your Fidelity 401(k)?

Key Sections

If you are building your retirement portfolio, you’re likely keeping an eye on Bitcoin ETFs, a hot topic in traditional finance this year. These new vehicles offer a familiar way to invest in Bitcoin. Naturally, questions arise: Should you add Bitcoin to your retirement mix? How can you invest your 401(k) in a Bitcoin ETF?  

If you’re intrigued by Bitcoin’s potential growth and want to explore its role in your retirement strategy, this article is your guide. We’ll help you navigate these questions and find the perfect tool to achieve your goals. 

Can I invest in a Bitcoin ETF through my Fidelity 401(k)? 

Unfortunately, with the current limitations (as of May 16, 2024), investing directly in a Bitcoin ETF through your Fidelity 401(k) isn’t possible. There are three main reasons for this: 

  • 401(k) Investment Options: Many employers haven’t yet added Bitcoin ETFs as investment choices within their 401(k) plans. These plans tend to be more conservative and take time to incorporate new asset classes. 
  • Fidelity’s Stance: Even though Fidelity offers Bitcoin trading through its retail accounts, they don’t currently allow Bitcoin ETFs within their 401(k) offerings. They do offer other ways to gain exposure to Bitcoin through their platform, but outside of retirement accounts. 
  • Regulation: There are still regulatory uncertainties surrounding Bitcoin and its use in retirement accounts. 
Alternative options 

1.Want Bitcoin Exposure through a Bitcoin ETF? 

While directly investing in a Bitcoin ETF through your 401(k) isn’t currently available, there’s hope for the future. The landscape of 401(k) investment options is evolving. As Bitcoin ETFs become more established, your employer’s plan might offer them in the coming years. Staying informed and discussing options with your employer can help you stay ahead of the curve. 

2. Looking to Start Now? Explore a Crypto IRA. 

Bitcoin has the potential for significant growth over the long haul. By starting to invest now, you could benefit from compounding returns – where your earnings generate even more earnings over time. The sooner you begin, the greater your potential nest egg could be down the road. 

Crypto IRAs are self-directed IRAs that allow for investing in cryptocurrencies like Bitcoin. This option offers the potential for higher returns compared to traditional retirement investments.  

Advantages of Crypto IRAs over Bitcoin ETFs   

Understanding the advantages of Crypto IRAs over Bitcoin ETFs can provide clarity to investors:   

  • Direct Ownership and 24/7 Control: Forget limited trading hours. With Crypto IRAs, you can typically trade anytime, day or night.   
  • Tailored Crypto Portfolio: Unlike Bitcoin ETFs, which only hold Bitcoin, Crypto IRAs offer the freedom to pick and choose different cryptocurrencies.  Craft a portfolio that aligns with your investment goals.  
  • Unleash the Potential:Bitcoin ETFs often dilute the potential gains of the cryptocurrency.  With Crypto IRAs, you capture the full upside of your chosen assets, maximizing your returns. 
What steps do I need to take to invest in Bitcoin through my 401(k)?   

The process for converting a 401(k) into a Crypto IRA requires moving funds from your retirement account into a self-directed IRA. Your chosen platform should be able to assist you with the whole process. These are typically the steps:  

1. Choose a reliable Crypto IRA company and open an account. 

2. Rollover your 401(k) funds once your account has been set up. 

3. Start purchasing digital currencies.    

 Choosing the Best Crypto IRA Provider 

If a Crypto IRA aligns with your goals, consider factors like the provider’s reputation, investment options, security measures, and customer support.   

Among the options available, BitcoinIRA¹ emerges as an outstanding choice within the cryptocurrency landscape. Here’s why BitcoinIRA excels in meeting the most critical requirements:  

  • Extraordinary Reputation: BitcoinIRA garners accolades andrecognition across various analyses, solidifying its status as the foremost Bitcoin IRA provider. Notably, esteemed experts laud BitcoinIRA for its pioneering role as the first Bitcoin IRA platform. Moreover, its collaborations with prominent financial media outlets underscore its credibility and reliability.  
  • Unwavering Security²: By entrusting most client assets to BitGo—the world’s premier Bitcoin transaction processor—BitcoinIRA fortifies its security measures. Robust features such as multi-signature digital wallets, secure custody solutions, and industry leading insurance  provide unparalleled protection for your assets. 
  • Seamless User Experience: Access to live support from seasoned crypto IRA specialists is integral to BitcoinIRA’s commitment to empowering investors to seize control of their financial futures. Whether you’re initiating your journey or seeking guidance on optimizing your portfolio, BitcoinIRA ensures an unparalleled user experience.   
  • Extensive Diversification: BitcoinIRA offers an expansive selection of over 60 cryptocurrencies.This diverse array of digital assets empowers you to tailor your self-directed IRA to align with your investment objectives and risk tolerance.  
Conclusion: Navigating Bitcoin in Your Retirement Strategy 

The world of Bitcoin and its potential role in retirement savings can be complex. This article has equipped you with the knowledge to make informed decisions. 

Key Takeaways: 
  • While directly investing in the Fidelity Bitcoin ETF through your 401(k) isn’t currently possible, the landscape is evolving. Stay informed and discuss options with your employer. 
  • For those seeking immediate exposure, a Crypto IRA offers an alternative path.  
  • Thorough research is crucial before incorporating Bitcoin into your retirement strategy. 

Taking Action: 

This journey into Bitcoin and your retirement doesn’t have to be overwhelming. By staying informed and making thoughtful decisions, you can navigate this innovative asset class and take control of your financial future. 

How to Get Started?   

Open a BitcoinIRA account today and start building your crypto-powered retirement! Here’s how:   

Diversify your retirement portfolio with the most trusted Crypto IRA platform.   

 

 

  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.