Graphics and images visualizing the results of a crypto outlook survey, including investor sentiment

BitcoinIRA Survey Finds Investors Bullish on Crypto

Posted on April 27, 2023 | by [email protected]

New crypto outlook survey captures American excitement for cryptocurrency despite challenges

LOS ANGELES, April 27, 2023– BitcoinIRA, the world’s first and most trusted* digital asset IRA technology platform, today released results of their new survey polling participants on their investing preferences and market outlook on cryptocurrency.

In sum, the survey found that investor sentiment remains bullish on digital assets despite volatile market action and events. Crypto investors largely speculate prices will rise, and continue to bank on crypto to hedge against inflation and increasing social security concerns. More than half see crypto as a legitimate and trailblazing asset class, and more than half agree that crypto regulation makes digital investments more attractive.

Key takeaways on crypto sentiment include:

Excitement Factor: 72% of respondents would suggest their family or friends buy cryptocurrency. 32% report they look forward to traditional financial institutions adopting digital assets in the future and 30% are excited about crypto IRAs.
Digital Asset Outlook: 51% of those surveyed think crypto is a legitimate and trailblazing asset class and 56% agree that Bitcoin is a hedge against inflation.
Bullish on Regulation: 54% of respondents agree that crypto regulation makes digital investments more attractive.
Saving for Retirement: 51% of survey respondents are considering investing in cryptocurrency as part of their retirement portfolio, while 27% have already invested.

Key takeaways on reasons to invest and crypto price projections include:

Motivation for Crypto Investing: Respondents are interested in crypto because they speculate prices will go up (59%), they want to diversify their portfolios (43%), catch up on retirement (36%), and avoid inflation (23%), among other reasons. 25% are concerned social security may run out, a 59% increase over BitcoinIRA’s May 2022 survey.
Bitcoin’s Price Prediction: 48% of the respondents believe Bitcoin’s price will be $25,000 – $49,000 at its high in 2023, and 21% believe it will be $50,000 – $75,000 (the all-time high). Reflecting the crypto markets, price projections have lowered since the company’s last survey.
Bitcoin Remains King: 69% of respondents select Bitcoin as their top crypto choice. Ethereum was the #1 most requested altcoin for crypto investing (18%). Alternative coins exclude Bitcoin.

“Although the crypto community has been tested by recent events, investors have a renewed enthusiasm for digital assets,” said Chris Kline, Co-founder and Chief Revenue Officer of BitcoinIRA. “Americans believe that strengthening crypto regulations will benefit us. Crypto investors continue to see digital assets as a key instrument in retirement portfolio diversification, as well as a hedge against inflation and mounting concerns about social security. BitcoinIRA is excited to be a part of the solution for Americans seeking alternative assets for their savings.”

Methodology

The crypto outlook survey was sent in February 2023 to a randomized group of individuals. 445 respondents participated. Individuals did not receive compensation or likewise for their participation in the survey.

Individuals interested in adding cryptocurrencies to their IRA or 401(k) can visit www.bitcoinira.com or call 866-333-4307.

About BitcoinIRA

BitcoinIRA, available at bitcoinira.com, is the world’s first and most trusted* digital asset IRA technology platform that allows users to purchase cryptocurrencies for their self-directed retirement accounts.

Users can set up a qualified digital asset IRA, transfer funds from an existing IRA custodian, execute self-trades in real-time 24/7 through a US-based exchange, and store funds in an industry-leading multi-signature digital wallet from BitGo.* BitcoinIRA has processed billions in transactions and has over 170,000 users with more than 3,500 5-star user reviews. The platform has been featured extensively in the media, with coverage in Forbes, CNBC, CoinDesk, and The Wall Street Journal, among other leading publications.

BitcoinIRA is a financial services technology provider, and as such, is not a financial adviser, cryptocurrency exchange, custodian, wallet provider, initial coin offering (ICO), or money transmitter. BitcoinIRA is privately funded and based in Las Vegas.

Learn more about BitcoinIRA at bitcoinira.com or call 866-333-4307.

*Cryptocurrencies are very speculative and involve a high degree of risk. See risk disclosures at bitcoinira.com/disclosures.

Media contact: [email protected]

Portraits of speakers from BitcoinIRA, Digital Trust, and BitGo are displayed beneath the crypto security webinar title "Crypto Security: What Investors Need to Know

BitcoinIRA, Digital Trust, and BitGo Announce Educational Webinar on Crypto Security

Posted on April 14, 2023 | by [email protected]

Finance executives host a panel presenting key insights on crypto custody for investors in 2023

LOS ANGELES, April 14, 2023 — BitcoinIRA, the world’s first and most trusted digital asset IRA technology platform, today announced an upcoming webinar titled “Crypto Security – What Investors Need to Know: A Conversation with BitGo, BitcoinIRA, and Digital Trust” held virtually on April 20, 2023, at 11 AM PT.

Attendees will have the opportunity to learn from experts in alternative and traditional asset custody as they discuss a savvy investor’s most crucial questions. The seasoned panel of financial executives has over 60 years of combined experience, and includes BitcoinIRA COO Rick Synrod, BitGo Director of Institutional Sales Steve Scott, and Maryann Bullion, Digital Trust General Counsel and CCO. Adam Sporn, U.S. Head of Institutional Sales at BitGo will moderate.

The panel will answer audience members’ questions and discuss:

Why holding your own keys is not a one-size-fits-all solution
Moving beyond self-custody, what qualified custodians can offer crypto investors
What we can learn from recent events (Three Arrows Capital, Celsius, FTX, and others) over the past 12 months

“Long-term cryptocurrency investors need custody solutions that not only protect their retirement savings, but also safeguard their assets with the most advanced technology on the market,” said Bullion. “This panel brings together BitGo, BitcoinIRA, and Digital Trust, partners who provide technology and custody services, to give investors new insights on this trending topic, including key factors to consider when looking at crypto security.”

“Digital asset investors today can choose custodial solutions that meet a wide range of unique needs and use cases,” explains Synrod. “The old adage ‘not your keys, not your coins’ can fall short because self-custody is not a one-size-fits-all solution, and it might not be a viable solution at all in some situations. Many prefer the practicality of storing their assets with a regulated, qualified custodian that offers cold storage custody and multi-signature wallet management.”

“BitGo, BitcoinIRA, and Digital Trust’s partnership sets the industry standard in multi-signature technology and security, offering investors peace of mind,” said Scott. “Recent events underscore the importance of security in the crypto industry, and this webinar will educate investors on the protection and insurance that regulated custody can provide. We are looking forward to addressing investor’s concerns and educating crypto enthusiasts on their options.”

For more information and to register for the webinar, please visit the webinar registration page.

About BitcoinIRA

BitcoinIRA, available at bitcoinira.com, is the world’s first and most trusted digital asset IRA technology platform that allows users to purchase cryptocurrencies* for their self-directed retirement accounts.

Since its founding in 2016, BitcoinIRA has processed billions in transactions and has over 170,000 users with more than 3,500 5-star user reviews. The platform has been featured extensively in the media, with coverage in Forbes, CNBC, CoinDesk, and The Wall Street Journal, among other leading publications.

Learn more about BitcoinIRA at bitcoinira.com or call 866-333-4307.

*Cryptocurrencies are very speculative and involve a high degree of risk. See risk disclosures at bitcoinira.com/disclosures.

About Digital Trust

Digital Trust, the trust company for a digital era, offers a technology-driven approach to self-directed retirement accounts. Founded in 2021, the company delivers solutions for the custodial and financial services sector, including self-directed IRAs, checkbook IRAs, as well as support for investment assets ranging from cryptocurrency, real estate, precious metals, LLC, private equity, and other alternative assets.

Delivering digital custody solutions in an analog investment world, Digital Trust provides a straightforward approach to help individuals achieve their retirement goals. They’re evolving what it means to have a self-directed IRA, and believe in eliminating barriers and opening retirement possibilities through a wide range of asset and trust administration services. Digital Trust is a licensed trust custodian based in Las Vegas. For more information, please visit digitaltrust.com.

About BitGo

BitGo provides the most secure and scalable wallet solutions for the digital asset economy, offering regulated custody, staking and trading, and core infrastructure to investors and builders alike. Founded in 2013 — the early days of crypto — BitGo pioneered the multi-signature wallet and later built TSS to improve upon other companies’ MPC offerings. Between multisig and MPC TSS, BitGo offers the safest technology on the market and safeguards over 700 tokens across a wide variety of blockchains. Over the years, BitGo has expanded from offering wallets into providing a full-suite solution that lets clients hold assets safely and then put them to work. BitGo launched BitGo Trust Company in 2018, providing fully regulated, qualified cold storage to complement BitGo Inc.’s hot wallet solution.

In 2020, BitGo launched BitGo Prime, which allows its clients to trade, borrow, and lend digital assets. Moreover, BitGo also provides access to DeFi, staking, NFT wallets, and beyond, and serves as the world’s sole custodian for WBTC (Wrapped Bitcoin). BitGo is the leader in digital asset security, custody, and liquidity, providing the operational backbone for more than 1,500 institutional clients in over 50 countries — a list that includes many regulated entities and the world’s top cryptocurrency exchanges and platforms. BitGo also processes approximately 20% of all global Bitcoin transactions by value. For more information, please visit bitgo.com.

Media contact: [email protected]

BitcoinIRA Recaps a Successful 2022

Posted on January 9, 2023 | by [email protected]

LOS ANGELES, Jan. 3, 2023 — BitcoinIRA, the world’s first and most secure* digital asset IRA technology platform, is closing out a successful 2022 with a recap of its wins over the past year.

Having navigated a turbulent market this past year, the company announced giving Americans more ways to diversify their retirement accounts by increasing their cryptocurrency selection to 60+ offerings. The fintech celebrated the one-year anniversary of the launch of their mobile app, which is available on the App Store for iPhone and Google Play for Android. Despite market volatility in 2022, crypto investors demonstrated resiliency. BitcoinIRA saw continued growth throughout 2022, surpassing 170,000 users and seeing app installs and usage increase by over 200%.

BitcoinIRA was also recognized for its industry achievements, with placements in the Best Mobile App Awards for Best New Mobile App, Ernst & Young’s Entrepreneur Of The Year® Awards in Greater Los Angeles, Globee® American Best in Business Awards for Mobile App of the Year, and North American Best in Biz Awards for Executive of the Year for Small Companies.

In 2022, BitcoinIRA was mentioned in hundreds of articles, including coverage in notable financial news outlets such as Barron’s, Bloomberg, CNBC, CNN Business, Insider, Reuters, and TheStreet, as well as leading crypto industry publications like Blockworks, CoinDesk, and Cointelegraph.

Additionally, the company continued to attract top-tier talent, adding the former COO of Fidelity Digital Funds to its dynamic team as BitcoinIRA’s new Chief Operations Officer.

“2022 was a test for the crypto community, and I’m happy to have crossed these uncharted waters with our amazing team,” said Chris Kline, Co-founder and Chief Revenue Officer of BitcoinIRA. “As a country, we experienced high levels of inflation, interest rate hikes and weakened economic growth, among other major setbacks, and it’s important to recognize our wins during these tough times. We’re looking ahead to another prosperous year and continuing to deliver best-in-class products and services to our clients.”

In 2023, BitcoinIRA’s focus will be on expanding and enhancing its products and services. The company’s roadmap includes enhancing its popular, award-winning mobile app, which crypto investors use to track live prices, monitor portfolio performance, and trade crypto in their tax-advantaged crypto IRAs 24/7. The crypto trading platform plans to release customers’ most-requested features, including support for even more crypto assets, fast in-app funding, and much more.

About BitcoinIRA

BitcoinIRA, available at bitcoinira.com, is the world’s first and most secure* digital asset IRA technology platform that allows users to purchase cryptocurrencies for their self-directed retirement accounts.

Learn more about BitcoinIRA at bitcoinira.com or call 866-333-4307.

*Cryptocurrencies are very speculative and involve a high degree of risk. See risk disclosures at bitcoinira.com/disclosures.

A photo of Chris Kline of BitcoinIRA and host Aaron Bry having a conversation on a livestream.

BitcoinIRA Co-Founder Chris Kline Featured on Benzinga TV

Posted on January 9, 2023 | by [email protected]

While 2022 may have been the year of surprises in the crypto space, it also paved the way for new beginnings and future developments in the areas of regulation, transparency, and accountability. The emergence of proof of reserves is just one example of how events of the recent past may positively impact the not-so-distant future for this burgeoning and exciting asset class.

BitcoinIRA CRO and co-founder Chris Kline recently joined Benzinga TV to recap the year and discuss the state of the industry, including the latest Fed rate hike, the possibility of an upcoming recession, and the opportunities 2022 surprises can bring for crypto to build back stronger and better than ever in the new year and beyond.

To learn about the above and more, be sure to check out the interview. Discussed topics include:

Crypto IRA basics
Silver linings in the aftermath of FTX
Benefits of regulation
Tax advantages of crypto IRAs
Bitcoin maximalism
And more

You can view the interview below. To learn more about BitcoinIRA, how crypto may fit your retirement goals, and the industry in general, check out our blog and knowledge center.

BitcoinIRA Wins Bronze in 12th Annual Best in Biz Awards

Posted on December 29, 2022 | by [email protected]

Fintech platform helping Americans diversify their retirement portfolios with cryptocurrency wins Bronze in Executive of the Year for Small Companies category

LOS ANGELES, Dec. 20, 2022 /PRNewswire/ — BitcoinIRA, the world’s first and most secure* digital asset IRA technology platform, has been named a Bronze winner in the Executive of the Year for Small Companies category in Best in Biz Awards. Best in Biz Awards is the only independent business awards program judged each year by prominent editors and reporters from top-tier publications in North America.

The judges for BitcoinIRA’s entry were impressed with the company’s founding story and appreciated the ways it “overcame education and customer adoption challenges to build a successful business.” They also valued “involvement in the local community and industry.”

BitcoinIRA was founded in 2016 with the dream of creating a cryptocurrency-based business model to help Americans retire. The company charted the path, building a new business in the ever-changing decentralized finance market. To date, BitcoinIRA has processed over $2 billion in transactions and has over 170,000+ users with more than 3,500 5-star user reviews.

The 12th annual program saw fierce competition among more than 700 entries from public and private companies of all sizes and representing all industries and regions in the U.S. and Canada, ranging from some of the most iconic global brands to the most innovative start-ups and resilient local companies. This year’s judges highlight the winning companies’: visionary leadership, technology innovations, workplace best practices such as employee diversity and inclusion programs, and extensive community involvement.

“It’s an honor to be recognized by Best in Biz Awards,” said Chris Kline, CRO and Co-Founder of BitcoinIRA. “I credit this incredible achievement to our team’s hard work and dedication. Together we continue to make BitcoinIRA the first choice for Americans looking for retirement avenues in crypto. Cheers to an even better 2023.”

Since the program’s inception in 2011, winners in Best in Biz Awards have been determined based on scoring from independent judging panels assembled each year from some of the most respected national and local newspapers, TV and radio outlets, and business, consumer, technology and trade publications in North America. Thanks to the impressive diversity of represented outlets and the unparalleled experience and expertise of the editors and reporters serving as judges, Best in Biz Awards judging panels are uniquely suited to objectively determine the best of the best from among the hundreds of competitive entries. The 2022 judging panel included, among others, writers from AdWeek, Computerworld, Forbes, The Globe & Mail, Inc., The Oregonian and Portland Tribune.

Best in Biz Awards 2022 honors were conferred in 100 different categories, including Company of the Year, Fastest-Growing Company, Most Innovative Company, Best Place to Work, Customer Service Department, Executive of the Year, Marketing Executive, Most Innovative Service, Enterprise Product, Best New Product, App, CSR Program, Environmental Program, Website and Film/Video of the Year. For a full list of gold, silver and bronze winners in Best in Biz Awards 2022, visit: http://www.bestinbizawards.com/2022-winners.

About BitcoinIRA

Learn more about BitcoinIRA at bitcoinira.com or call 866-333-4307.

*See risk disclosures at bitcoinira.com/disclosures.

About Best in Biz Awards
Since 2011, Best in Biz Awards has been the only independent business awards program judged by a who’s who of prominent reporters and editors from top-tier publications from North America and around the world. Over the years, judges in the prestigious awards program have ranged from Associated Press to the Wall Street Journal and winners have spanned the spectrum, from blue-chip companies that form the bedrock of the global economy to some of the world’s most innovative start-ups and nimble local companies. Each year, Best in Biz Awards honors are conferred in two separate programs: North America and International, and in 100 categories, including company, team, executive, product, and CSR, media, PR and other categories. For more information, visit: http://www.bestinbizawards.com.

Rick synrod looks into the camera against dark background

Bitcoin IRA Welcomes Rick Synrod as New Chief Operations Officer

Posted on August 16, 2022 | by [email protected]

Synrod Brings Expertise as Former COO of Fidelity Digital Funds

Bitcoin IRA has officially welcomed a new Chief Operations Officer with the hiring of Rick Synrod. The former COO of Fidelity Digital Funds joins Bitcoin IRA to help further the execution of our long-term growth strategy and brings with him more than 15 years of experience leading an enterprise company at scale. Bitcoin IRA’s new COO will lead digital asset operations, implement more efficient processes, develop strategic policies, and create operational strategy that will help us fulfill our mission to help more Americans retire.

Through his previous experience leading the digital asset division at one of the world’s largest investment banks, Synrod brings a wealth of knowledge and experience across the financial services industry. He was directly involved with Fidelity’s traditional asset management business where he created, launched, and led operations for digital asset management and the division’s management team. His significant contributions allowed Fidelity to establish a substantial presence as a leader in digital asset investment management alongside the firm’s existing custodial services.

“I’m very excited to join the leadership team at Bitcoin IRA. I’m looking forward to serving as a resource for our team and customers during the next phases of our growth, building on the significant accomplishments and success the team has already achieved. It’s an exciting time to be part of the digital asset industry, and I look forward to participating in the evolution of financial services alongside such a fantastic team,” Synrod said.

In addition to his experience as the COO of Fidelity Digital Funds, Synrod has had an extensive career in the financial space. After starting as a Custody Operations and Trade Settlements Team Manager at JP Morgan Chase, he moved onto his long career with Fidelity. He worked his way up from a Unit Manager in Fund Accounting where he led a team of 20 plus people before moving on to a Director level position in the Asset Management Treasurer’s Office with fiduciary oversight of more than $200 billion in assets. Before being promoted to a COO position at Fidelity, he also served as a Director of FX Trading Operations and as an Advanced Process Solutions Squad Leader where he lent his considerable talent to high-level strategic planning at enterprise scale.

“Smart and strategic growth is our overall goal, and in that spirit, we are thrilled to welcome Rick as our new Chief Operations Officer at Bitcoin IRA,” said Bitcoin IRA Co-Founder and Chief Revenue Officer, Chris Kline. “His tenured career successfully leading teams in financial services and his experience with launching digital assets at Fidelity make him the perfect fit for our company and team as we continue to lead and innovate our industry together.”

Alternative IRA Services, LLC dba 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. Self-directed purchases processed through Bitcoin IRA have not been endorsed by the IRS or any government or regulatory agency. Bitcoin IRA is not an adviser. Information contained on this website is for educational purposes only. We encourage you to consult an adviser or professional to determine whether Bitcoin IRA makes sense for you. Cryptocurrencies are very speculative and involve a high degree of risk. By using the website, you understand the information being presented is provided for informational purposes only and agree to comply with our Terms of Use and Privacy Policy.

Bitcoin IRA Named Mobile App of the Year Winner for 2022 by Globee American Best in Business Award

Posted on July 29, 2022 | by [email protected]

The company’s mobile app has celebrated one-year since its launch and has been recognized by winning numerous awards

LAS VEGAS, July 28, 2022 /PRNewswire/ — Bitcoin IRA, the world’s first and most trusted platform for cryptocurrency IRAs, has received the Mobile Web & App of the Year award for the 2022 Globee American Best in Business Awards. The winners were celebrated yesterday at a virtual awards ceremony.

The Globee Awards are a set of business competitions organized annually. They were created in 2003 to recognize accomplishments and contributions of companies and business executives and professionals worldwide. Bitcoin IRA was crowned Mobile Web & App of the Year in the Financial Services and Banking category. To date, the Bitcoin IRA mobile app was installed over 90,000 times.

“This is another exciting award our team is proud to receive as we revolutionize the way Americans think about retirement,” said Bitcoin IRA Co-Founder and Chief Revenue Officer, Chris Kline. “As we celebrate the one-year anniversary of our mobile app, we continue to see record signups and enthusiasm from consumers who are interested in gaining exposure to this emerging asset class. Crypto is quickly embedding itself into the very fabric of our everyday lives and we stand committed to delivering an entry point for people looking to capitalize on this exciting market.”

Available on both Apple and Android devices, Bitcoin IRA’s mobile app is the first cryptocurrency retirement app of its kind, allowing users to easily buy, sell and swap cryptocurrencies inside their self-directed retirement accounts. Earlier this year, the company announced that they had increased their offering to more than 60 types of cryptocurrencies, including Cardano (ADA), Solana (SOL), and Polkadot (DOT). The platform provides a wide array of offerings, including live customer support and world-class security¹ with up to $250 million in custody insurance.²

Bitcoin IRA supports many retirement account types, including traditional IRA, Roth IRA, SEP, SIMPLE and Solo 401(k). Investors can conveniently use the mobile app to self-trade within their retirement accounts anytime with secure multi-factor authentication. Features include the ability to create custom price alerts to track digital assets, live pricing, market statistics, and advanced charts.

For more information, visit www.bitcoinIRA.com or speak with an IRA specialist at 866-333-4307.

About Bitcoin IRA

Bitcoin IRA is the world’s first and most trusted platform for cryptocurrency IRAs. The self-trading platform allows users buy, sell, and swap digital assets in their self-directed retirement accounts. Users can set up a qualified digital asset IRA, transfer funds from an existing IRA custodian, execute self-trades in real-time 24/7 through a US-based exchange, and store funds in industry-leading multi-signature digital wallets.

Bitcoin IRA has processed billions of US dollars in transactions and has over 150,000 users with more than 3,500 5-star user reviews. The platform has been featured extensively in the media, with coverage in Forbes, CNBC, CoinDesk, and The Wall Street Journal, among other leading publications.

Bitcoin IRA is a financial services technology provider, and as such, is not a financial adviser, cryptocurrency exchange, custodian, wallet provider, initial coin offering (ICO), or money transmitter. Bitcoin IRA is privately funded and based in Las Vegas.

Learn more about Bitcoin IRA at bitcoinira.com or speak with an IRA specialist at 866-333-4307.

¹Security may vary based on asset chosen and custody solution available.

²Insurance may vary based on asset chosen and custody solution available.

Alternative IRA Services, LLC dba 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. Self-directed purchases processed through Bitcoin IRA have not been endorsed by the IRS or any government or regulatory agency. Bitcoin IRA is not an adviser. Information contained on this website is for educational purposes only. We encourage you to consult an adviser or professional to determine whether Bitcoin IRA makes sense for you. Cryptocurrencies are very speculative and involve a high degree of risk. By using the website, you understand the information being presented is provided for informational purposes only and agree to comply with our Terms of Use and Privacy Policy.

Chris Kline looks into camera beside several cryptocurrency logos

Thinking Crypto Interview with Bitcoin IRA COO

Posted on July 21, 2022 | by [email protected]

Chris Kline on Investing With Cryptocurrencies for Retirement

Bitcoin IRA COO and Co-Founder Chris Kline was featured on Thinking Crypto for his executive insights on investing with cryptocurrencies for retirement, the effects of a bear market on crypto, and the future of non-fungible tokens (NFTs). He spoke about regulation, taxes, insurance, and security for digital assets, as well as his entrepreneurial experience.

His journey with Bitcoin IRA started in 2015 in a boardroom with his partners. While discussing assets that can diversify IRAs, including alternative investments, private equity, real estate, LLCs, and precious metals, Bitcoin was proposed. The concept of trading cryptocurrencies for retirement piqued Kline’s interest, and his team spent the next year building the first solution for retirement in crypto savings.

Then, BTC/USD had not been over about $1,200, making Bitcoin IRA trailblazers in the space. They paved the way to put traditional finance together with crypto and decentralized finance (DeFi). From the start, the company believed in the power of community and attributes much of its success to its ability to foster and grow partner and client relationships.

Benefits of a Crypto IRA

Bitcoin IRA allows Americans to invest their retirement portfolios in digital assets that have the same tax shelters as other retirement accounts. Kline noted that clients can open Roth, traditional, SEP, or SIMPLE accounts. The company built a turnkey solution that includes digital wallets from BitGo security as well as competitive insurance coverage.

A cryptocurrency IRA allows investors to diversify their portfolios and take advantage of the large gains crypto may offer while sheltering their money from taxes¹. One misconception people have about cryptocurrencies is that they all fall under one asset class in the traditional sense, when that couldn’t be further from the truth.

There are an array of cryptocurrency products that are created for a multitude of reasons, and some are even backed by physical commodities. For example, Pax Gold (PAXG) allows investors to diversify using physical gold without the hassle or additional fees associated with transportation and storage.

Four aspects significantly differentiate Bitcoin IRA from other platforms offering crypto IRAs: coin selection, customer-focused operations, insurance, and security. Kline himself has tested out investing in each of the more than 60 coins currently available on the platform. He holds every single one, with the most significant stakes in BTC, ETH, and PAXG, as a long-term gold investment against currencies.

Adding More Crypto Coins

As BitCoin IRA grew, the company added more and more coins that traders can choose to include in their retirement portfolios. Each new coin is vetted through a series of checklists, ensuring the assets are both secure and liquid.

Kline shared that Bitcoin IRA is constantly evolving as a customer-focused tech platform, striving to bring fresh new features and coin offerings. In addition, the team is working on NFT integration by pushing regulators to reconsider the tax category NFTs fall under, so investors can hold them in their crypto IRAs.

Asset Security with BitGo

Most importantly, Bitcoin IRA takes asset security² very seriously, Kline emphasized. He explained that his team worked with partners at BitGo to put client accounts behind rigorous security, including multisignature custodial situation wallets³. They also built out administrative controls to bring in and move assets.

Moreover, a meticulous process and cold storage strategy have allowed the company to gain insurance underwriting from financial behemoths like Lloyd’s of London for up to $250 million⁴ per wallet.

The Future of Bitcoin IRA and Cryptocurrencies

The company has been moving fast over the last few years. They built the first crypto retirement trading platform, the first mobile app, and are adding coins as quickly as possible. The roadmap for the rest of the year aims to position the firm for whenever the next crypto wave comes by focusing on an improved user experience, customer service, and partnerships.

The Crypto Revolution

Kline is excited to watch the crypto revolution unfold. While cryptocurrencies and the other markets fluctuate during inflationary periods, he predicts that crypto adoption will ultimately increase, as will regulation of the industry. As more countries adopt crypto, he sees it as democratizing the global economy.

Additionally, Kline foresees a revolution in web security on the horizon that could result in greater online privacy protections. He’s passionate about growth in the crypto retirement space and looks forward to building more opportunities for traders.

For more cryptocurrency insights, view Thinking Crypto’s recent interview with Bitcoin IRA’s COO and co-founder Chris Kline (linked above) and head over to the Bitcoin IRA website to learn about opening a crypto IRA today!

¹Some taxes may apply. We recommend you consult your tax, legal, and investment advisor.

²Security may vary based on asset chosen and custody solution available.

³Wallet providers may vary based on asset chosen and custody solution available.

⁴Insurance rates may vary based on asset chosen and custody solution available.

Image shows a crypto currency consumer survey discussed in press release

Crypto Investors More Bullish Than Ever; Putting Over 50% Of Their Savings into Cryptocurrencies

Posted on December 31, 2020 | by [email protected]

Overall, as the COVID-19 pandemic continues, investors appear to have a more heightened awareness about inflation and its negative impact on US dollars as more investors indicated it as an investment reason from previous surveys. Also, crypto prices have risen sharply in 2020, with Bitcoin far surpassing all-time highs, and the majority of respondents believe they’ll continue much higher into 2021.

Key takeaways from the survey:

Bitcoin’s price projection: 40% of responders believe Bitcoin’s price will be at least $50,000 at the end of 2021. Bitcoin’s price passed all-time highs in 2020 and investor sentiment remains high likely due to large Bitcoin investments by major companies such as PayPal and MicroStrategy among many others.
Reasons to invest: There’s a significant rise in inflation concerns by respondents as 28% of them stated their primary reason for buying crypto was due to inflation concerns. This is nearly twice as many that stated that reason in the company’s previous annual survey in 2019 (17% selected “inflation” then). Other reasons for buying crypto included that they believed prices would go up (65%) and that they simply wanted to diversify (29%).
Amount invested: A quarter of respondents stated they have invested 50% or more of their total cash or savings into crypto.
Altcoins: Chainlink remains the #1 most requested alternative coin, “altcoin,” for investing (excluding Ethereum) with 22% of respondents selecting it. Other top requested coins included Stellar Lumens (XLM), Polkadot (DOT), and Cardano (ADA).
Top features: Earning interest remains very desirable for crypto holders as 26% of all respondents requested it. An additional 15% of users wanted to earn rewards through “staking,” which is another method of earning a return on crypto holdings.

Methodology

The 2021 consumer survey was sent on December 28, 2020, to a randomized group of individuals comprised of the company’s clients, account holders, and customer prospects since 2016. 284 respondents completed the survey. Individuals did not receive compensation or likewise for their participation in the survey.

Individuals interested in adding Bitcoin, Ethereum, or gold to their IRA or 401(k) can go to bitcoinira.com or call 877-936-7175.

The bitcoin ira platform is shown on a smart phone against a field of orange

We Reached $500 Million In Crypto Retirement Transactions!

Posted on December 23, 2020 | by [email protected]

Since 2016, we have been the leader in digital assets for crypto IRA and Bitcoin 401k accounts with over 50,000 account holders, 2,500 5-star reviews, and now $500 million in total customer transactions. We also have 50k users and 2,500+ reviews. Clients can invest in eight digital assets including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), Stellar Lumens (XLM), Zcash (ZEC), and physical Gold (PG).

Why we’re is leading the way:

Own Real Crypto Assets in a crypto IRA or Bitcoin IRA – Our clients purchase actual cryptocurrency assets and are not investing in a crypto fund, ETF, derivative, or other alternative crypto investment products.
US-Regulated Security – We exclusively use BitGo to securely store crypto assets. BitGo is a US-regulated qualified custodian based in Palo Alto, CA, with over $20 billion in total cryptocurrency monthly transaction volumes. Don’t risk a retirement account with companies overseas.
$100 Million Insurance – Digital assets under custody are insured with $100 million of coverage from BitGo and their provider Lloyd’s of London, the world’s foremost specialist insurance and reinsurance market.
Buy & Sell Online 24/7 – Individuals can buy, sell, and swap digital assets and gold directly inside their retirement accounts.

In 2020, Bitcoin has skyrocketed up in price by over 200% (as of Dec 17, 2020) and it has become one of the best-performing assets of the year.

Individuals interested in rolling over their IRA or 401(k) to crypto or gold can go to bitcoinira.com or call 866-333-4307.