The IRS has ruled that digital currency has “an equivalent value in real currency.”  It therefore can be used to purchase goods or services.Furthermore, the IRS Virtual Currency Guidance: Notice 2014-21 actually names bitcoin as one example of virtual currency, and declares “Bitcoin can be digitally traded between users and can be purchased for, or exchanged into U.S.dollars, Euros, and other real or virtual currencies.” The IRS notice is clear and straight forward.Since bitcoin can be exchanged for dollars or other currencies, it can be used in place of dollars or other currencies to make investments and to fund your IRA or 401K.You should be aware though that the same IRS notice also states that, for Federal Tax purposes, bitcoin will be regarded as “property.” Since bitcoin is considered property, a custodian will be necessary in order to comply.This prompts the question should you consider funding your IRA or 401K with bitcoin?As bitcoin gains greater acceptance for personal and business transactions across the globe, its value stands to grow.

The value of a traditional IRA, a Roth IRA or a self-directed 401K invested in an IRA stands to grow accordingly.A notable benefit of having a bitcoin IRA or 401K is that you’re invested in a non-correlated asset.In other words, bitcoin’s value can’t be dragged down by economic forces that affect more traditional assets.bitcoin bip 100As more consumers and investors embrace bitcoin globally, its growing value won’t be compromised by a bearish stock market, falling oil prices, or a weakening dollar.bitcoin nova moedaWe strongly recommend, for specific answers to any questions about the tax implications of your IRA, that you consult your qualified tax advisor.bitcoin piyasasıAs the price of bitcoin seems to set a new record almost every day, people are understandably curious about how to get in on the action.litecoin pool block

And it’s not just day traders and cryptocurrency enthusiasts who are dabbling.For the past year, BitcoinIRA has offered US retirement accounts invested entirely in bitcoin.Individual retirement accounts, or IRAs, are tax-advantaged vehicles that encourage people to set money aside for retirement.top litecoin faucetMore recently, the company has expanded into accounts that also feature the newer cryptocurrency ethereum.bitcoin legal in uaeBitcoinIRA’s chief operating officer, Chris Kline, says monthly inflows into BitcoinIRA tripled last month, from $1 million to $3 million.Customers spans all ages, he adds.Stuffing your retirement nest egg with something as racy as bitcoin is a big gamble.Kline explained that there are two main types of investors.“For some it is speculative,” he says.These people think cryptocurrencies are the next big thing and will continue to appreciate in value.

Others invest out of fear.“They are concerned about what the Federal Reserve has done to our country,” he says.“We’ve seen in Germany and Venezuela what can happen with inflation when they printed too much money.” BitcoinIRA’s chief strategist Edmund Moy, a former director at the United States Mint, argues that bitcoin is a good hedge against the dollar: cryptocurrency prices tend to be uncorrelated with movements in the value of the dollar.Klein also considers cryptocurrencies as similarly useful alternatives to gold, another popular dollar hedge.Setting aside hyperinflation risks, it is not clear why retirees in America need to hedge movements in the value of the dollar.The purpose of retirement investing is to build assets to spend in retirement, which is normally done in dollars.Kline points out that inflation is another thing that could erode the value of retirement portfolios.But stocks, bonds, and gold tend to outpace inflation with much less volatility.Kline acknowledges that a bitcoin-based retirement account ideally forms part of a broader, diversified portfolio that also features more conventional assets.

It is meant to offer investors access to new asset classes and methods of diversifying their savings.Whether it is a wise strategy depends on how concerned savers are about hyperinflation and how willing they are to tolerate extreme volatility in their portfolios.Based on bitcoin’s short history, it can certainly add something different to your portfolio.The monthly average return for bitcoin since 2010 is around 30%, compared with 1% for the S&P 500.But this comes at a cost—the standard deviation of the bitcoin price from month to month is a daunting 90%, versus around 4% for the S&P 500.If you are saving for retirement decades down the line, the goal is a steady growth of assets that results in a reliable income when the time comes to draw down your account.Buying bitcoin is a very risky way to go about this.WELCOME TO BITCOIN IRA The digital currency bitcoin is the most exciting news in the world of commerce.It’s even more exciting to know that you can invest and open an Individual Retirement Account in bitcoin.

Given bitcoin’s swift and dramatic increase in value since its inception, you will most likely prefer a bitcoin IRA to a modest interest-bearing account with dollar-denominated investment assets like stocks in your IRA.Getting started is easy.Speak to a Bitcoin IRA representative now Start Today 1.REQUEST a free Bitcoin IRA guide2.LEARN how a Bitcoin IRA works3.OPEN your IRA account with Bitcoin Find Out How Bitcoin Can DIVERSIFY Your Portfolio!Read More LEARN how a works Read More OPEN your IRA account with Read More WHY CHOOSE , you’ll be working with specialists who specialize exclusively in bitcoin.Our efforts on your behalf are not divided among stocks, bonds and other types of IRA-eligible investments.Learn More BITCOIN IRAs & Retirement Accounts has announced the launch of Ethereum IRA, a self-directed IRA for the second-most popular cryptocurrency (by market cap) in the world.Ethereum IRA is the second product launched by the company following its highly-successful Bitcoin IRA, which has secured over $10,000,0000 worth of real bitcoin in client custodial accounts since launching in June of 2016.

Similar to its flagship product, Bitcoin IRA, investors can hold real Ethereum in retirement accounts by choosing between traditional IRAs, Roth IRAs, 401(k)s, SEP IRAs, and more.To store investor funds, the company has entered an exclusive partnership with BitGo, utilizing its multi-signature wallet to ensure privacy, security, and full compliance with IRS regulations for selfdirected retirement accounts.“It’s been a pleasure working with the innovative team at Bitcoin IRA, ” said Mike Belshe, CEO of BitGo.“Together, we foresee tremendous opportunity and growth for our clients.” Bitcoin IRA is the first and only company to offer cryptocurrency-based IRAs for investors, allowing them to hold actual cryptocurrencies in a retirement account.Unlike traditional ETFs and investment plans, investors in Bitcoin IRA and Ethereum IRA continue to own their cryptocurrency even after the end of the IRA tenure, allowing them to freely distribute it.The unique properties of cryptocurrencies make them uniquely suited for long term investment.

In 2017, Ethereum has witnessed an incredible 388% growth from less than $10 per unit to over $44.“Cryptocurrency as an industry is on a new wave of mainstream adoption.As a business, it made sense to listen to our clients,“ explained Chris Kline, COO of Bitcoin IRA.“They wanted Ethereum, so we delivered.” Bitcoin IRA is the only Bitcoin-based retirement investment portfolio that allows people to invest with actual bitcoins for their IRA or 401(k).The platform works with leading fintech professionals to provide secure, highquality Bitcoin investments.Bitcoin IRA offers both traditional and Roth IRA options, which offer the same tax incentives as regular IRAs and 401(k)s.The company differentiates itself from other Bitcoin investment products in multiple ways.Unlike Bitcoin ETFs and investment funds, Bitcoin IRA offers an opportunity for individuals to invest in real Bitcoin at a much lower fee.In addition, investors keep total control over their Bitcoin deposits, with no holding fees and the ability to withdraw once the term is over.