Bitcoin Recognized as Viable Retirement Asset by Investors
The volatility of the bitcoin price has resulted around 50% loss for high profile and established investors and traders who purchased the shares of publicly traded bitcoin exchange-traded fund (ETF) like Grayscale Investment’s Bitcoin Investment Trust. However, due to the underwhelming performance of stock markets and equities and the rising trend of bitcoin price, an increasing number of investors are beginning to recognize bitcoin as a viable retirement portfolio asset. Over the last few days, the value of public equities and precious metals including gold have plummeted, with market....
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Bitcoin is becoming a recognized asset class with a low correlation to other asset classes. This makes it a good option for diversifying investment portfolios with retirement accounts, and some options do exist for investing in bitcoin for retirement. Diversifying Portfolios. Most investment advisors recommend having diversified retirement portfolios to....
Secure in custody and monetary policy, Bitcoin is the retirement asset capable of withstanding the challenges of the future.
Nearly half of Gen Z and Millennials are also already invested in digital assets outside of their retirement funds and cited “inflation” as the biggest obstacle to early retirement. Nearly half of Gen Z and Millennials want to see crypto become a part of their 401(k) retirement plans, according to an October survey from United States asset manager Charles Schwab. Asking participants what they would like to see added to their 401(k) retirement products, the firm found that 46% of Gen Z and 45% of Millennials said they "wish" they could invest in cryptocurrencies as part of their retirement....
Digital Asset Investment Management says its new retirement plans can help savers beat inflation.
The U.S.-based company Digital Asset Investment Management (Daim) has announced the launch of a company-sponsored 401(k) retirement plan that allocates up to 10% in bitcoin. The plan is an ERISA compliant employer-sponsored 401(k) and assets are held in institutional-grade cold storage by leveraging the custodian Gemini Trust. During the last few years, investors have been able to leverage a digital currency retirement plan in the form of an IRA. For instance, the company Bitcoinira helps people invest in cryptocurrencies like BTC, BCH, ETH, and LTC with the firm’s....