Bitcoin IRAs Are Rising In Popularity In The U.S.

Bitcoin-funded Individual Retirement Arrangements (IRAs) have surged in popularity in 2021, CNBC reported. Americans have flocked to retirement arrangements powered by Bitcoin as the Federal Reserve has steadily been increasing liquidity in the economy.

BitcoinIRA, a company launched in May of 2016 offering investors a tax-advantageous IRA coupled with the massive returns of bitcoin, currently has more than 100,000 individual account holders, the report said.

The thousands of workers who have chosen to invest their retirement accounts in bitcoin seek long-term gains in purchasing power for a more tranquil, and maybe anticipated, retirement. Additionally, they can also significantly reduce their tax burden compared to selling BTC if it was a personal investment.



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