US Senator’s Advice: Buy, Hold, Save Bitcoin for Retirement as Congress Flood...
U.S. Senator Cynthia Lummis has encouraged “people to buy and hold” bitcoin in their portfolios. “I encourage them to save bitcoin for their retirement, for their future,” she said, adding that with Congress flooding the economy with trillions and trillions of dollars, “there’s no way” the value of the U.S. dollar will not be debased. US Senator Urges People to Invest in Bitcoin for Retirement U.S. Senator Cynthia Lummis talked about bitcoin in an interview at the CNBC Financial Advisor Summit Tuesday. Responding to the question of what her ideal....
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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 case of....
A head of the Treasury would not recommend investing the retirement money into digital assets “to most people.” The Secretary of the United States Treasury, Janet Yellen, weighed in on including cryptocurrencies in retirement plans, calling them a very risky investment that should be regulated by Congress. During an event organized by the New York Times in Washington on June 9, Yellen shared her opinion on the pioneer attempt to include crypto in retirement plans undertaken by Fidelity Investments:“It’s not something that I would recommend to most people who are saving for their....
American retirement savings represent a new beachhead for bitcoin — we just need to make sure people hold their own keys.
U.S. Treasury Secretary Janet Yellen warns crypto is a “very risky investment,” adding that she would not recommend it to most people who are saving for retirement. However, Yellen noted that Congress could restrict the type of investments allowed in retirement accounts, including 401(k) plans. Janet Yellen on Investing in Cryptocurrencies....
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....