5 Reasons To Add Bitcoin To Your Retirement Portfolio
Bitcoin value has steadily been growing, reaching its newest all-time high. The successful developments have attracted more and more people, with a rising curiosity in jumping on to the cryptocurrency bandwagon.
Day traders and cryptocurrency enthusiasts are not the only people who are dilly-dallying about this game-changing opportunity.
Bitcoin as your IRA
Individual Retirement Accounts (IRA) are tax-advantaged tools that enable people to save for their retirement. Companies have expanded their accounts, with BitcoinIRA making Bitcoins available to its US retirement accounts since 2016.
Investing in Bitcoin is still highly speculative. However, if progress continues in that businesses openly accept Bitcoin, in conjunction with a positive public opinion, there is a strong possibility that the price of BTC will reach $100,000 in 10 years or less. This is a stunning investment and a new addition to a diversified portfolio.
Despite its price volatility, increasing numbers of people are considering Bitcoins as part of their investment portfolio protection for a multitude of reasons:
It changes the way we transact
Paying online is not a new concept: credit cards, Paypal, Payoneer and transactions services are already offering convenience. However, Bitcoin provides an ability to make transactions beyond borders, acting as a bridge from one currency to another. Convenience and safety is in the interest of all transactors, with Bitcoin showing undeniable advantage compared to its rivals