BitcoinIRA.com is at the forefront of this financial revolution.
Los Angeles, CA (PRWEB) June 17, 2016
Note: A press release dated 6/13/16 was sent in error and included inaccurate language on Kingdom Trust. Kingdom Trust is a passive, non-discretionary custodian that does not partner with any investment sponsors. They simply provide clients with a vehicle through which they can invest in alternative products, should they wish to do so.
Ed Moy, Former Director of the U.S. Mint and Chief Strategist for BitcoinIRA.com, is the first to purchase a “Bitcoin IRA,” a financial product that allows investors to store real bitcoins in their retirement accounts, the company announced today.
“Bitcoin is one of the most important currency innovations in decades,” says Moy, an expert on currency trading and global economic markets, “It’s a decentralized, global form of money, so its value isn’t tied to the economy of any one specific country. That makes it an excellent way to diversify your investments.”
The first-of-its-kind investment product, specifically designed for IRA and 401(k) plans, was invested in an IRA Moy opened with Kingdom Trust, a leading qualified custodian that specializes in unique and innovative solutions for investors.
“Kingdom Trust is thrilled to be at the forefront of bitcoin investments in the IRA market,” said Charles “Bo” Ives, President of Kingdom Trust.
The Bitcoin IRA is the first time that real bitcoins from a digital currency exchange have been allowed to be part of a retirement portfolio. The bitcoins, which are held in an anonymous, securitized digital wallet, are facilitated via BitcoinIRA.com’s exclusive partnership with BitGo, the industry leader in blockchain security and multi-signature wallets.
Unlike other bitcoin investment options, which are generally bitcoin-related derivatives such as stocks or exchange-traded funds, and are thus more volatile, the “Bitcoin IRA” enables investors to store actual bitcoins in their IRA or 401(k).
“Digital currency like bitcoin is the future, and BitcoinIRA.com is at the forefront of this financial revolution,” adds Moy. “I’m proud to be the first to use a Bitcoin IRA to protect my retirement.”
BitcoinIRA.com, home of the “Bitcoin IRA,” serves as a financial conduit pioneering the use of bitcoin as an investment option for retirement, offering a unique alternative for self-directed IRAs. Working with FinTech industry leaders to provide secure, high-quality bitcoin investments, BitCoinIRA.com provides an innovative approach for investors to build their 401(k) and protect their retirement savings against market turmoil. To learn more, visit BitcoinIRA.com.