Bitcoin, Cryptocurrency IRA Retirement Accounts Gaining Traction
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Bitcoin is such a hot topic these days, and many unsophisticated investors want to get their retirement accounts in on the action.
This is only going to continue and the interest level is through the roof!
Ryan Radloff, the CEO of the crypto-friendly $13 billion custodian Kingdom Trust, stated that a “generational change” will soon open the $28 trillion United States retirement fund industry to crypto assets.
“Right now, the single largest addressable market for Bitcoin is the 28 trillion dollars in the U.S. retirement market,” Radloff asserted, “There is no single more addressable market for Bitcoin to penetrate, or all digital assets, for that matter.”
“Right now, all of that money is about to go through this generational change, and there has been hardly any penetration of Bitcoin into that market today,” he added.
“From a stock-to-flow standpoint, that is a massive deal, because now what you’re doing is unlocking a massive amount of new dollars that can in-flow into our industry. And that’s what that’s why it’s so important.” (https://cointelegraph.com/news/generational-shift-to-open-28-trillion-retirement-market-to-crypto)
7.1 Million Americans Own Bitcoin
Radloff predicted that the first wave of capital from moving to crypto from the retirement market will come from the 7.1 million Americans who already own Bitcoin (BTC).
However, he noted that few crypto asset holders realize that they can hold BTC in their retirement accounts.
“When the IRS [Internal Revenue Service] decided to tax Bitcoin, consequently it […] directly enabled [Bitcoin] to be held by qualified custodians and in retirement accounts,” he said.
Regal Assets is one such company which helps people put Bitcoin, and other cryptocurrencies like Litecoin, Ethereum, and Ripple, into their IRA or 401(K).
Only a handful of companies are doing this.
I am very excited about this because I already know where this is going.
With the US economy being as it is, and the Federal Reserve printing money like there’s no tomorrow, then many people NEED an option like this.
If you’d like to know how you can get Bitcoin, Litecoin, Ethereum, Ripple, into a retirement account, GO HERE!
==> http://bitcoincryptoira.com
Regards,
Mike J Anthony
