New BitIRA Will Allow Americans to Capitalize on Bitcoin and Other Digital Currencies for Retirement Savings

BitIRA

Tax-deferred growth, heightened profit potential, investment diversification, and better security are just a few of the advantages causing Americans to consider digital currencies as an increasingly compelling asset class for their retirement plans.

BitIRA (formerly FDIRA) today announced a new service to help Americans take advantage of digital currencies as part of a long-term retirement strategy. This offering from BitIRA is made possible through a unique partnership with Preferred Trust Company (PTC), the first alternative to what had previously been the market’s only licensed custodian managing cryptocurrency investments like Bitcoin in self-directed IRAs. BitIRA’s revolutionary new service allows direct investment in these exciting digital currencies for retirement, which can yield tremendous benefits like tax-deferred growth, portfolio diversification, growth potential and protection against inflation. Digital IRA owners can roll over existing IRAs and even some old 401(k) accounts as part of the service.

Until now, digital IRA investors have all been limited to the use of a single investment custodian; the only commercially licensed fund management option available. BitIRA finally gives Americans a choice – the first alternative option for a custodian that manages self-directed digital currency IRAs – opening up exciting new opportunities to “shop around” for lower fees, faster transactions and better management. Savvy cryptocurrency investors and those looking to open a digital IRA for the first time will appreciate the ability to compare and consider different options before making choices that will ultimately impact their retirement goals.

“The value of digital currencies has been growing at an incredible rate over the past several years, but their application as a retirement tool is still largely untapped,” said Jay Blaskey, digital currency specialist at BitIRA. “We’re thrilled about this new service and its immense growth potential for long-term investment returns. Tax-deferred growth, heightened profit potential, investment diversification, and better security are just a few of the advantages causing Americans to consider digital currencies as an increasingly…

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