At this time last year, you were likely getting ready to enjoy a beautiful holiday season with your family. How things have changed! The coronavirus has ruined Thanksgiving for hundreds of millions of people in the United States. Many state governors are locking down their communities and banning travel and shutting down businesses. This is stifling their workforce and keeping everyone broke. The US is a horror show since the pandemic began plaguing our borders.
Why am I mentioning all of this? The destruction of the US economy is one of many reasons why it’s critical to invest in a Bitcoin IRA. But it’s certainly not the only reason. As a matter of fact, there are a number of critical factors that should propel you toward this investment vehicle. I’d like to share this information with you as thoroughly as possible. So, please keep reading to discover the main reasons why you should invest in a Bitcoin IRA now.
Reason #1: The US Dollar Is in Danger of Becoming Obsolete
I know this sounds hard to believe but it’s true. The United States is in bad shape financially and the people in charge aren’t taking this seriously. They continue to spend money by keeping soldiers posted around the world fighting wars they have no business being in. The coronavirus is causing problems because of all of the business shutdowns. The US had to print money for stimulus to prop up the economy. Once the presidential election is settled, they’ll print even more trillions of dollars’ worth of stimulus for the same reason.
As a US citizen, you should find this incredibly disturbing. Although Donald Trump has many faults, he wanted to begin eliminating our national debt. But the Democrats never helped him and the coronavirus killed all hope of him ever working on this problem. Joe Biden also claims that he’d like to lower the national debt. But he plans on doing it by raising taxes by $4 trillion. So, get your wallets out folks because Grandpa Joe is ready to pick your pocket!
Regardless of who you voted for in the election, the president of the free world is in a tough spot. He will have mountainous coronavirus related problems to deal with. And the more stimulus he pumps into the economy, the greater the inflation. Even worse, the US dollar will lose value and become less effective. This means your dollars won’t go as far and things will become much more expensive.
Instead of waiting for the US dollar to completely collapse, you should consider investing in a Bitcoin IRA. This rapid growth strategy will add serious value to your retirement portfolio. Before long, you’ll find yourself in an even better position than when you started. Read my review of the top Bitcoin IRA companies to learn more about retirement investing of this nature. And remember to sign up for their free guides and investor’s kits.
Reason #2: Bitcoin & Other Cryptocurrencies Have Intentional Supply Limitations
When there is an overabundance of supply in currencies, the currency loses its potency. This is known as inflation. And it’s a major problem for Fiat currencies that continue to print more money as time goes by.
Some of the most recognizable Fiat currencies around the world include:
- United States – US Dollar
- South Africa – South African Rand
- Saudi Arabia – Saudi Riyal
- India – Indian Rupee
- Mexico – Mexican Peso
- China – Chinese Yuan
- Australia – Australian Dollar
- Finland – Euro
- Belgium – Euro
- New Zealand – New Zealand Dollar
As you can see, there are many popular examples of Fiat currencies. But what they fail to remind you is these currencies are susceptible to manipulation. The government can print more currency whenever they see fit. And the value of your dollars, pesos, yuans, and more become less valuable over time.
On the other hand, Bitcoin has a finite amount. There will never be more than 21 million Bitcoins in existence. The system was designed that way by the creator and it will remain that way until the end of time. So, you never have to worry about inflation rearing its ugly head and destroying the value of your Bitcoins.
Are you starting to recognize the value in investing in cryptocurrencies? If so, I suggest you read my review of the top 3 cryptocurrency IRA brokers. You’ll gain valuable information about the investing process. If you visit my favorite recommendation, you’ll get a free Bitcoin IRA investor’s kit by signing up on their website.
Reason #3: Bitcoin and Other Cryptocurrencies Do Not Suffer from Centralization
It may not seem like it, but Bitcoin is truly decentralized. This means the Federal Reserve or other government entity will never gain control of this currency. They have no authority or power over the creation or dissemination of Bitcoin. The same holds true for major banks or wealthy people that might try to gain a stranglehold over the currency. The secure blockchain system prevents this from ever taking place.
As an investor, this has serious meaning and real-world consequences to consider. Forget about worrying that your government or central bank will attempt to take over. You’ll sleep easy at night knowing this can never happen.
The creator of Bitcoin – who remains anonymous to this day – knew that this could potentially happen. So, he or she put safeguards in place preventing this devastating outcome before it ever even remotely reaches fruition.
Think about the possibilities for a moment…
Wouldn’t it be nice to wake up in the morning and know that your money is safe? Wouldn’t it feel good seeing that your wealth is growing in value? And wouldn’t you feel safer understanding that shady governments and banks can never destroy the value and wealth created from Bitcoin?
In my humble opinion, the decentralization of Bitcoin is the most appealing reason to become a cryptocurrency IRA investor. If you agree, you should read my review of the top 3 Bitcoin IRA companies in business right now. This eye-opening account will help you learn valuable information about the top Bitcoin brokers doing business today.
Reason #4: Experience Phenomenal Tax Breaks with a Bitcoin IRA
Bitcoin IRA accounts definitely have their benefits. But one of the biggest is the amazing tax breaks you’ll experience with a self-directed IRA. And you get to choose how your taxes are handled. You have the option to open a:
- Tax-Free Bitcoin IRA
- Tax-Deferred Bitcoin IRA
The benefits are really great no matter how you set up your account in the beginning.
As the holder of a tax-deferred account, your income will get deposited into this account without having taxes taken out. You can grow this account for many years by investing in Bitcoin and other cryptocurrencies. In the future, upon reaching 59 ½ and up to 70 ½ years old, you can begin taking distributions. At this point you’ll be required to pay taxes on these distributions.
As the holder of a tax-free account, the money you deposit into this account was already taxed ahead of time. Any wealth grown within this account is yours and the IRS has no legal right to ask you to pay taxes on it. The growth and value of your Bitcoin distributions is yours and yours alone. That’s the beauty of paying your taxes in advance.
No matter what way you swing it, the tax benefits of these accounts are huge. You can grow your wealth tremendously with this setup.
Reason #5: The Value of Bitcoin Is Taking off by Leaps and Bounds
It’s amazing to realize just how valuable Bitcoin has become. Since the latest coronavirus related recession, Bitcoin has doubled its value once again. It was worth around $7000 per coin in early 2019. It’s currently trading for $17,500 in mid-November 2020. That’s more than a $10,000 gain in less than two years.
Aren’t you sick of sitting on your hands while everyone else makes big returns on these alternative investments? Haven’t you had enough of putting your money in a 401(k) account, only to watch it dwindle when the market crashes? It’s time to take the bull by the horns and make this investing strategy your own. It isn’t complicated with the right guidance and it’s more doable than you may originally think.
In fact, I implore you to visit my review of the top 3 cryptocurrency IRA companies doing business right now. You’ll gain valuable insight and information into each of these companies. And the reviews will help you choose the right broker to set you on the path toward Bitcoin investing success.
Opening a self-directed Bitcoin IRA is a valuable proposition. You cannot deny it any longer if you’ve been in denial up until now. You’ll finally feel confident in your investing prowess once you take the reins of this easy-to-implement strategy. And before long, you’ll feel comfortable adding to your Bitcoin investments. You get to sit back, relax, and watch your account grow right before your eyes.
Doesn’t that sound appealing? If so, please read my review of the top 3 Bitcoin IRA companies operating in this industry. You’ll not only glean valuable info about each company. It will also help you choose the right broker to help you take your investing strategy to the next level.
Enjoyed the website didn’t realize you could invest bitcoin into an IRA I had to actually click on the link to find out more info on that ,I’ve been investing crypto for awhile know so very interesting read, Your related post were very informative also thank you It was a very nice read
Hey Jeff! Yes, most people who invest in Bitcoin know about the Bitcoin exchange sites but don’t know they can invest in it as a retirement plan. Thank you for your compliments and hope to see you again!
Thanks for sharing this information, It is great to know that “Federal Reserve or other government entity will never gain control of this currency” They had their hands in the Fiat currency cookie jar for too long. It seems like crypto currency systems like Bitcoin will take over soon and hard cash money will be discontinued. Hopefully there won’t be too many computer crashes.
Hello Carola! Yes, in the long run we do thinking investing in cryptocurrency will be profitable but only God knows the future. Like you said, hopefully there won’t be too many computer crashes! Thank you for your compliments and insight!
I am worried about the US economy as well as others around the world. The fact that Bitcoin has a finite amount in existence means a lot when we have governments all over the world are blowing the budget and printing money. The fact that it’s decentralized can give investors peace of mind! I’m going to contact this company now and do some investing! Thank you for posting. P.S. Grandpa Joe? Haha!
Haha yes Cynthia, at the time of this writing Grandpa Joe was still a candidate for president. Now he is the president but that does not alter the fact that it’s still a good time to invest in cryptocurrency now. I wish you the best on your investment journey!
I have been thinking constantly about investing in bitcoin and I was lacking a lot of information which I have found in your article. Bitcoin has become amazingly valuable in the last few years. Countries are talking about recessions now that we are deep into the covid-19 pandemic but bitcoin is appreciating despite the pandemic. It is indeed worth investing in Bitcoin. Thank you very much. Your article was an eye opener
Hello Boi! Yes, Bitcoin is on the rise despite the pandemic and many economists forecast it to continue to rise in the future which is why I advocate investing in it for the long run. Thank you very much for your compliment and insight. I hope to see you again!
Thanks for giving us this great information on bitcoins.
The reasons you give for investing are very compelling and make great sense. When you see how the bitcoin value has grown I keep thinking I missed out. But that is wrong, as there is no reason that it won’t continue to grow. Actually due to how it is set up it can’t not.
But what I always wonder is where is all the money is held to pay out on these bitcoins and who controls it.
I think I need to stop wishing that I had and start investing. Even a little a month would be a start.
Hello Geoff! Bitcoins are all held in a system called the blockchain and more bitcoins are made through mining and the prices are determined by supply and demand. And yes, even a little bit a month would be a start because it’s never too late to invest in crypto like Bitcoin. Thank you for your compliments and insight, Geoff! I hope to see you again!