Americans Can Now Invest Their Retirement Funds in Ethereum via Bitcoin IRA

Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term IRA, a service that offers cryptocurrency investing for American individual retirement accounts (IRAs), has announced the launch of Ethereum IRA, a self-directed IRA for the second-most valuable cryptocurrency by market cap.

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Ethereum IRA is the second product launched by the company following its Bitcoin IRA, which has secured over $10,000,000 worth of real bitcoin in client custodial accounts since launching in June of 2016. Similar to its flagship product, American investors can hold real Ethereum in retirement accounts by choosing between traditional IRAs, Roth IRAs, 401(k)s, SEP IRAs, and more.

The company will use TradeBlock s ECX Index as a reference rate and Genesis Global Trading, Inc. for Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term. To store investor funds, the company has entered an exclusive partnership with BitGo, utilizing its multi-signature wallet to ensure privacy, security, and full compliance with IRS regulations for self-directed retirement accounts.

"It's been a pleasure working with the innovative team at Bitcoin IRA," said Mike Belshe, CEO of BitGo. "Together, we foresee tremendous opportunity and growth for our clients."

"Cryptocurrency as an industry is on a new wave of mainstream adoption. As a business, it made sense to listen to our clients," explained Chris Kline, COO of Bitcoin IRA. "They wanted Ethereum, so we delivered."