When looking at the investments in your current 401k or IRA; you typically see a mix of stocks, bonds & maybe a few mutual funds. The main issue with this usual mix is the limited ability to diversify, which ultimately leads to a vulnerability in your portfolio & an inability to maximize profitability. The good news is that there is a solution to this problem.
Bitcoin offers you the ability to invest in a digital currency which is not as dependent on the U.S. Dollar for its valuation. The U.S. Dollar is the gold standard when measuring the global economy. It’s very sensitive to movements in the markets, especially to downward trends — when the dollar weakens, the world’s economy weakens.
This is also true when it comes to the stock market. Stocks are valued in dollars. When the dollar weakens, the stocks that rely on it for their valuation begin to diminish in value so the portfolios invested in stocks also begin to devalue.
The 2008 recession was caused by overinflation & then the sudden devaluation of the dollar. Everyday investors that had been squirreling their money away in 401ks & IRAs for their retirement lost a lot/everything they had saved because of the weakening of the dollar during this time. Being invested in assets that didn’t depend so much on the value of the dollar could have helped these individuals stave off financial disaster & prevented them from having to put off retirement while trying to rebuild wealth. An asset like Bitcoin.
Bitcoin moves to the beat of its own drummer, so to speak, based more on its use in the marketplace & the ever expanding base of vendors that are choosing to accept it at the point of sale. Also, like cash, Bitcoin spending occurs as a peer to peer transaction from one Bitcoin spender to the next.
Bitcoin is the ideal hedge against the dollar. Consumer & vendor acceptance of Bitcoin at the point of sale is increasing at pace, increasing the value of this cyber currency as well as validating its designation as a viable currency. While many experienced investors stick with gold as a hedge against the devaluation of the dollar, gold will never be able to offer the same potential for increase as Bitcoin — making it a better bet for those who are looking to make up ground & for those who are looking to ensure that they have enough in their savings to allow them a more luxurious lifestyle after retirement.
Here are 5 more reasons to invest in a Bitcoin IRA:
Currency Hedge: Never before has over accommodative monetary policy been as prevalent as it is today. Every major power is printing fiat currency to keep their economies afloat. Every one of them! Long term wealth & retirement accounts are susceptible to the devastating effects of aggressive hyperinflation. By comparison, Bitcoin has a mechanism to prevent inflation..only 21 million Bitcoin can ever be made. This limited supply is 10x more finite than gold (common hedge to currency & inflation concerns). As Bitcoin is a decentralized currency, it’s out of the reach of any national power or manipulation. It’s a free market alternative to the government’s monopoly on currency.
Freedom from the Banks: Today’s banks are tightly regulated by the government. Bitcoin gives you an alternative to the banking system:
– Bitcoin is accessible 24/7/365, including all weekends & holidays
– Bitcoin significantly reduces banking fees, like checking or ATMs
– Bitcoin makes it virtually impossible for the government to subject your money to capital controls like in China
– Your money is in your own Bitcoin wallet & cannot be loaned out to risky investments
Privacy & Security: Bitcoin is a currency that offers greater privacy & security than its government counterpart. Because it uses the internet; Bitcoin avoids the existing proprietary electronic financial highways of banks, credit card companies & money transfer agents. It also avoids their speed limits, tolls, radar & patrol cars. Bitcoin transactions use state-of-the-art cryptography — information is more secure than a credit card transaction. Bitcoin is the last line of true private money today.
Return on Investment: Bitcoin has pioneered the foundation of a new & regularly acceptable digital currency. It’s poised for growth & return as the leader in its sector. A mere $200 investment in Bitcoin in 2011 would be worth well over $1.4 million USD today! That’s over 700,000% return within a decade.
Tax Benefit: Bitcoin (& other crypto assets) has just about the best possible tax treatment available for long-term investors. According to the IRS’ official guidance on crypto taxation, crypto is taxed as “property” — a fancy way to say it’s taxed like a stock. If you buy bitcoin and hold it for more than a year, you pay long-term capital gains when you sell. For federal taxes, that means you pay a 15% tax on any gains, unless you make a lot of money (more than $479,000 (for married couples) or $425,800 (for individuals), in which case you pay 20%. That compares favorably with almost every other alternative investment. With the ability to place bitcoin in an IRA, you can now access this private & growth driven currency using retirement funds. Take advantage of the next generation of money with tax-deferred funds!
Request your Free Crypto IRA kit today, covering:
– Why Bitcoin & Ethereum Are the New Gold & Silver
– The Costs & Fees Involved with a Crypto IRA Investment
– Reasons Why Banks & Governments are Investing in Cryptocurrencies
– Price Predictions from Financial Experts & Elite Investors
– Other Altcoins Worth Adding to Your IRA & Why
Click here to request your Crypto IRA Guide, and to receive free Forbes issue & “The Rise of Bitcoin” DVD