This post will show you how to invest in bitcoin from your retirement account in a smart way while avoiding to go through the process of excessive bureaucracy as I assume that is something you can do very good without.To be able to avoid that and instead gain more personal financial freedom was why bitcoin was created so you might want to read this short article to the end. 5 minutes from now you will have a very good understanding of what separates the 2 different options you got. But first some forewords on the rise of Bitcoin.
Forewords on the rise (and rise) of Bitcoin
Economic superpowers like for example Japan have legalized bitcoin as a form of payment, eBay has accepted it as a form of payment, and the list goes on.
This WILL, of course, lead to natural cause and action… Amazon the (by far) worlds biggest online retailer will, of course, start to accept it is a payment form too, they will (with all certainty) do the same, do you think they will stand aside and watch while their biggest competitor eBay gives their customers that option? Would say ABSOLUTELY NOT on that one, what do you think?
With famous investors like Bill Gates saying cryptocurrencies are “the future of money”, Mark Cuban investing, Eric Schmidt, John McAfee, etc, etc. You might want to start to take this topic on bitcoin and other cryptocurrencies serious.
Just like in the dot.com boom the ones who got on the train early reaped the fruit, when companies like Microsoft, Google, Apple, Facebook, etc, came up most people didn´t take it seriously… The ones who did, yes they got very rich from doing so…
…and yes we are still in the early stages of the current dot.com boom, just that this one you can call the crypto boom instead…
Important to mention: Keep in mind that bitcoins are limited in supply, (there can never be a bigger amount than 21 million coins). A limited supply of anything will ALWAYS make the price rise…
How To Invest In Bitcoin – From A Retirement Account
There are 2 ways you can go if you are interested in investing in bitcoin from your retirement account. One of them I would absolutely NOT recommend, you will understand why by reading further down. The other option though, I would say is the way to go and something you might want to take a serious consideration of.
As you probably know, the “normal” IRA custodians mostly accept “the normal” assets, such as mutual funds, stocks, bonds, etc.
A bitcoin IRA, on the other hand, is not connected to any systematic risk that affects any of the other “normal” IRA investments. If it all would crash, it is best to have your risk put into investments that are “not to wall street”
Your best option for having a part of your retirement account portfolio in bitcoins is a self-directed IRA. When doing this you can then buy and keep (hold) bitcoins (and/or other cryptos) or you can also buy shares of bitcoin-dedicated funds.
You might want to go with the first option instead of the second…
If you want to “rearrange” some of your retirement portfolio funds by using a self-directed IRA you got 2 options:
- You can set-up an LLC for IRA compliance. (This involves setting up an LLC for the bitcoins you own, going through all of the rules and excessive bureaucracy, sell your bitcoins, contributing the money to the IRA and then buying it in the name of the LLC with its own assets. (This might be the stupidest way to go with your bitcoin investing… I mean, this is exactly the things bitcoin was created to AVOID… NOT recommended at all.
- Check out Regal Wallet. Regal Wallet helps people all around the world to roll over their retirement funds to bitcoin, but also the other biggest and most well-known cryptos out there. They help you secure your bitcoin investment in cold storage, and they can actually pride themselves on having the most secure storing in the world for cryptos. Not only that, they also FULLY insure your investment in case of a natural disaster or any other possible disasters. If you are interested in rolling over a part of your retirement funds into bitcoin (and/or other cryptos) then it´s absolutely worth to look into this. Otherwise, if you go the other way, you will be having a lot of issues and complications and totally absurd hurdles to jump over… And other (smart) investors will all laugh at you…
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Hope you fond this short post on how to invest in bitcoin from your retirement accounts to be helpful and now you should have a better understanding of how to go at this in a smart way. If you have any questions about this I will be more than happy to answer them below.
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To your success!
John
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