Bitcoin IRA is essentially an IRA that allows you to invest in Bitcoin. This is known as a Self-Directed IRA. You will need a Self-Directed IRA custodian to set-up your Bitcoin account.
IRS-approved investments for your Self-Directed IRA include real estate (the most popular asset), cryptocurrencies, precious metals and tax liens/deeds.
Some investors will tell you that cryptocurrency is the future of money. Crypto, such as Bitcoin, may be risky and highly volatile, but it does have the potential to be a profitable investment. However, the taxation of cryptocurrency creates an unfavorable environment. The recent IRS crackdown on crypto-holders is a sign that stricter enforcement will […]