Face it… just about everyone I know has some level of Bitcoin regret.
Think about, just a year ago you could have bought $10,000 worth of Bitcoin and right now you would be sitting on $216,000.
There is a major FOMO (fear of missing out) going on with all cryptocurrencies right now, and that is one of the biggest reasons for its meteoric rise. (1990 dot-com bubble sounds familiar)
Let’s consider for a second, that cryptocurrency is the future and we are in the first inning of this game and not the bottom of the ninth.
How are you supposed to invest in Bitcoins or any of the other hot cryptos today using the money you had put aside for retirement?
That’s a great question and I am here to offer a few options for my readers.
Bitcoin is real, in fact, it might be the one vehicle sovereign citizens can use to prevent against crushing inflation that could be around the corner.
Since many citizens have started investing in Bitcoin for their retirement (myself included), the next question is how?
Bitcoin IRAs, that’s how.
Now, what is a Bitcoin IRA?
IRAs are Individual Retirement Accounts that have tax benefits, and now some these can be filled with both Bitcoins and Ethereum.
Here are the top Bitcoin and Ethereum IRA companies in 2017
The first bitcoin and digital IRA company based out of the United States.
They are the first company to bring this idea to the market in 2015 and they are backed by the US government. In order to make this idea a success, they work closely with top financial experts and exercise high-level security to ensure their client’s deposits are kept safe.
Over the past few years they have expanded from Bitcoins and now they offer storage for Ethereum, Litecoin, Ripple and Bitcoin Cash.
This is currently only for US investors.
Broad allows for self-directed investments into Bitcoin and Ethereum. Their doors have been open since 2004 and their fee structure is unique in the industry.
They charge a one-time flat fee plus a yearly flat fee which has no correlation to your profitability.
Their security is also top-notch, which can be a major headache for cryptoassets.
Here is a look at their introductory video
This is only open to US investors
Regal has been in the asset game for awhile, but historically it was just precious metals.
With the kind of reputation these new players can only dream of, they got themselves in the crypto IRA game recently.
They call their Bitcoin IRA service, RegalWallets and they provide services that include cold storage, custodianship, and consultancy for IRA crypto investors.
Regal currently only allows for Bitcoin IRA, but their history of reliability makes them a top-notch option.
This is only open to US investors.
These are IRA companies and the others getting into the space are looking to provide a hedge against inflation.
If you head down this path, you need to do so with a trustworthy company.
Make sure you do you complete due diligence before choosing one.
Enjoy it, nerds.