Broad Financial Is First Individual Retirement Account Provider To Truly Embrace Bitcoin

Broad Financial Is First Individual Retirement Account Provider To Truly Embrace Bitcoin

Earlier in December, Second Market's CEO, Barry Silbert, informed the public that: "If you are a Fidelity client, you can now invest in the Bitcoin Investment Trust through an IRA." Second Market'sBitcoin Investment Trust is the first platform for institutional investors to enter into the Bitcoin market. However, the list of requirements are long and they serve as a significant barrier of entry. Bitcoin Investment Trust clients need to be accredited investors, and the investment minimum is $25,000. Though Second Market's Bitcoin offering has seen wild success, their exorbitant fee schedule....


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How to Get Started with Bitcoin IRA?

A Bitcoin IRA is nothing different from a traditional IRA. It is an individual Retirement Account (IRA) in which instead of investing fiat currencies, you invest Bitcoin. An individual Retirement Account (IRS) is an important program, which helps you to secure your future and save tax as well. However, have you ever heard about Bitcoin IRA?  A Bitcoin IRA is nothing different from a traditional IRA. It is an individual Retirement Account (IRA) in which instead of investing fiat currencies, you invest Bitcoins. When you have a traditional IRA account you hold currencies, but in....

BREAKING NEWS - Fidelity Investments Allows Bitcoin for IRAs

Looks like they completely reversed their decision. Bitcoin continues to gain legitimacy as prominent financial services corporation Fidelity partners with SecondMarket's Bitcoin Investment Trust to allow its clients to put Bitcoins in IRAs. The Bitcoin Investment Trust launched a few weeks ago in late September, and invests exclusively in Bitcoin. Individual Retirement Accounts (IRAs) provide tax advantages for retirement savings. Barry Silbert, CEO of SecondMarket, says, "If you are a Fidelity client, you can now invest in the Bitcoin Investment Trust through an IRA." This is simply....

President Bush’s Former US Director of Mint Offers a Fresh Option to Retirement with Bitcoin Investment

Bitcoin IRA is the first and only Bitcoin-based Individual Retirement Account in the United States. The digital currency company allows people to invest their conventional IRAs and 401(k)s in Bitcoin. Investing in Bitcoin as part of your retirement plan has been unheard of until now. A majority of the Bitcoin community has been using the digital currency mainly as a trade instrument. Other uses of Bitcoin so far have been as a medium of value transfer and short-term investments.  Breaking the trend, Bitcoin IRA is now showing the community that long-term, profitable Bitcoin....

The IRS is Catching Flack Again for Weak Bitcoin Guidance (This Time on IRAs)

US citizens who invest retirement money in bitcoin or other digital currencies could face unforeseen tax consequences as a result of IRS policies, a government report released this week argued. Originally prepared in early December, the Government Accountability Office (GAO) published a report on Monday in which it argued that the IRS needs to do more to inform taxpayers about the potential liabilities they face when investing their individual retirement accounts (IRAs) in blockchain-based assets. As the report states, US law offers a broad degree of leeway when it comes to the....

Former US Mint Director Brings Bitcoin to Retirement Investing

Bitcoin users can invest their Bitcoin in a fully compliant IRA retirement account through a new service announced today by BitcoinIRA.com. The Bitcoin IRA enables investors to hold Bitcoin directly as part of a tax-advantaged retirement portfolio. The company’s Chief Strategist is former director of the U.S. Mint Edmund C. Moy. ‘Lower Risk’ with Bitcoin Retirement Investing. “Bitcoin is unique in that it’s a completely decentralized currency,” said Moy. “Thanks to its truly global nature, it has a lower risk of collapse than more....

Quotes

Yes, [we will not find a solution to political problems in cryptography,] but we can win a major battle in the arms race and gain a new territory of freedom for several years. Governments are good at cutting off the heads of a centrally controlled network like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own.

Satoshi Nakamoto, Bitcoin Developer