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Bitcoin IRA Smart Retirement Investment or Not

Bitcoin IRA: Smart Retirement Investment or Not?

With the current government shutdown, economic market conditions, and fear of inflation, many individuals are searching for answers when it comes to protecting their retirement savings.

This is a question that few people have the answer too.

Why? Because financial experts and wealthy individuals are keeping these answers to themselves in fear of an increase in demand and shortage in supply. They understand the value of these assets in times of turmoil and collapse.

Luckily, we have discovered their secret: Bitcoin! Before it was literally impossible for regular individuals to capitalize on obtaining bitcoin with tax advantages, but luckily with the invention of the Bitcoin IRA, it has became a reality.

Protect Your Retirement with a Bitcoin Backed IRA

The fact of the matter is, if you currently have an IRA or 401(k) that is purely locked into one asset class, most likely mutual funds, you are in dire risk of losing all of your hard earned savings from things like currency devaluation, inflation, or even the government taking your money in an effort to pay down the rising $19 trillion debt deficit.

pay down the rising $18 trillion debt deficit

Luckily, you have the ability to change the outcome by doing a simple IRA rollover to add diversification to your retirement account by adding the popular digital currency, bitcoin. We explain how to do this below in 3 simple steps.

What is a Bitcoin IRA?

A Bitcoin IRA or Digital Currency IRA works in the same capacity as your current IRA or 401(k), only these accounts allow you to hold bitcoin for diversification. This is important because your entire retirement will not be based off of just one asset class. It allows you to hold bitcoin that are approved by the IRS.

Bitcoins are normally stored in a hardware or software wallet and sometimes in a digital vault for your safety. You will also have the flexibility to decide how much of your retirement is invested in bitcoin and can continue to add more overtime.  This vehicle allows regular people to participate in one of the investments available to the big boys in venture capital.

What is a Self-Directed IRA?


The way that a Bitcoin IRA account is established is through an account called a self-directed IRA. This type of account gives the IRA account owner more control over the investment decisions on behalf of the retirement plan. Investments such as real estate, precious metals, bonds, stocks, mutual funds and of course bitcoin can be held under this type of account. IRS regulations require that either a qualified trustee, or custodian, hold the IRA assets on behalf of the IRA owner.

A “Tax-Free/Hassle-Free” Bitcoin IRA Rollover

Our chosen IRA custodian that we recommend in the IRA rollover process is Kingdom Trust.  This company continues to exceed the expectations of it’s customers time and time again.

Even if you have a 401(k), 403b, 457b, annuity, or pension plan, you still qualify for a tax-free Bitcoin IRA rollover, which is a tremendous value since you won’t be losing any of your savings to taxes. All it takes is speaking with a Bitcoin IRA specialist, calling the 800 number on the website, or simply filling out the form on top with your name, email, and best phone number and you will be contacted within 24 to 48hrs to answer any question that you might have about the process.

Which accounts are Eligible for Rollover into a Bitcoin IRA?

The accounts below are all eligible for a Bitcoin IRA rollover:

  • Roth IRA
  • Traditional IRA
  • SEP
  • 401(k)
  • 403(b)
  • TSP (Thrift Savings Plans)
  • Some annuities
  • Pension plans

7 Reasons to Invest in Bitcoin

  • Portfolio Diversification
  • Inflation Hedge
  • Currency Hedge
  • Deflation
  • Geopolitical Uncertainty
  • Increasing Demand
  • Tangible Assets

Just What is Bitcoin’s Projected ROI?

Let’s say you had invested $200 in a Bitcoin IRA in 2011. Flash-forward five years, and your account value would now be worth over $1,000,000. Now that’s something to write home about.


Bitcoin IRA ROI

How long should I keep Bitcoin in my IRA?

Each situation is unique and should seek expert financial advice to determine how long you should hold bitcoin. Usually, many investors see bitcoin is seen as a long-term investment, but it is important to understand that every investment comes with associated risks. Market and economic conditions can also influence the decision of how long bitcoin should be kept.

Where is the Bitcoin in my IRA Stored?

Your bitcoin will be held in a BitGo Wallet. BitGo has developed the most advanced multi-signature wallet that is setting the standard for the industry.

BitGo Bitcoin IRA

How do I liquidate a Bitcoin IRA account?

The great part of a Bitcoin IRA account is the fact when you start taking distributions out of your plan you can either take physical possession of your bitcoin or liquidate them for cash.  This is a tremendous value and great option to have when you plan on making withdrawals from your account.

Self Directed Bitcoin IRA and Its Benefits

Self Directed Bitcoin IRA and Its Benefits

Owning a self directed IRA, very simply put, means that you get to decide how you invest your money. Most experts agree that this is the best type of IRA to choose if you want to invest in the popular new digital currency, Bitcoin. But what is a self directed Bitcoin IRA, how does it work and what are its benefits?

What Is a Self Directed Bitcoin IRA?

“A self-directed IRA is an individual retirement account with its investments under the complete control of the investor. These types of accounts hold the same types of limitations when it comes to the amount of deposit per year and the withdrawal of funds”.

What Can You Invest In?

Bitcoin IRA Partners with Kingdom Trust and BitGo to provide a Bitcoin IRA

Although this type of IRA is self directed, which means you control what you invest in, there are some limitations that you have to understand. This is because the Internal Revenue Service has some pretty strict rules in terms of what is and isn’t acceptable.

“In order to invest in digital currency via a Bitcoin IRA, the user should ensure that their asset meets the fitness requirements set by the Internal Revenue Service (IRS). The regulations pertaining to investing in Bitcoin can be found on the IRS Virtual Currency Guidance page.”

If you do not meet these regulations, then you will have to pay certain taxes over your investment. Bitcoin is acceptable digital currency. In addition, there are regulations on how the bitcoin is stored and what access a user has to it. As such, as liberal as a self directed Bitcoin IRA may seem, it is actually quite restrictive.

However, Bitcoin IRA has partnered with BitGo and Kingdom Trust and have been able to create the first Bitcoin IRA in America which follows the correct IRS rules themselves, which means you don’t have to worry too much about buying the wrong thing. Always try to rollover with the most trusted and reputable company, like Bitcoin IRA. They have teamed up with BitGo for extra security.

You Can Have Great Benefits

There are many different benefits of choosing a Bitcoin IRA.

“You can diversify your traditional IRA or Roth IRA by placing bitcoin in it. More importantly, you may transfer your existing IRA to a qualified Bitcoin IRA without incurring taxes or penalties. If your 401K plan permits it, you can even place Bitcoin in it.”

Having a balanced and diverse portfolio is key to having a successful investment. However, the self directed Bitcoin IRA takes that one step further. After all, you can have a diverse portfolio by investing in stocks, gold and bonds as well. What makes Bitcoin different is that you can cash out your investment at the end of your term and decide whether you want that in actual money, or in Bitcoin itself. If you opt for physical posession, you can choose to hold your Bitcoin and sell it at a later stage, when it is perhaps worth more. This means that these types of IRAs are far more flexible than any other kind. Also, Bitcoin IRAs have tax benefits.

How to Set It Up

In order to set up a self directed Bitcoin IRA, you first must find a broker that allows for these types of constructions. Bitcoin IRA is one the few for you to choose from, but do take the time to review all the various pros and cons of each plan. Many of these companies also allow you to roll over your existing IRA or 401(k), so if this is something you are considering, you can narrow down your options. Make sure to do your research and consult with a financial adviser before making any decision.

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