
The new retirement investment option has grown rapidly. In its first year, BitcoinIRA reportedly was averaging a monthly inflow of about one million dollars, while now it draws that amount of business in a single day.
As a speculative asset, BitcoinIRAs come with risk. Cryptocurrencies are literally always moving, and are prone to seismic price moves in a very short space of time. That volatility is due to the fact that cryptocurrencies aren't collateralized, so they're valuable as long as people think they're valuable.
Investing in a BitcoinIRA isn't free. Anything less than a $50,000 investment faces a 15%t set-up fee. Besides the draw of a high return, BitcoinIRA investors feel it's a hedge against the inflationary tendencies of mainstream currencies, along with traditional investments in gold, stocks, and bonds.
Read more about BitcoinIRA and watch a video on CNBC news.
0 comments:
Post a Comment