Are you thinking about investing in Bitcoin this year? It’s 2022 already and it’s time to finally get started with this lucrative investment opportunity. You’ve waited long enough and you’ve missed out so far. But this investment is far from done and there’s still plenty of upside if you decide to get in now.
How should investors get involved with Bitcoin? My favorite way is with a Bitcoin self-directed IRA in 2022. This lucrative investment opportunity provides many benefits that go above and beyond regular investing.
As an example, opening a Bitcoin self-directed IRA means maintaining full control of your investments. You get to decide how much Bitcoin, Ether, Litecoin, or other digital currencies to add to your portfolio.
Having full control is only one major benefit of opening a cryptocurrency IRA. I’d like to share my other favorite reasons with you below. Continue reading to find out why this lucrative investment opportunity is perfect for 2022 and beyond.
Reason #1: Portfolio Diversification Is Huge in a Cryptocurrency IRA
I don’t know about you, but I’ve never been the type to keep all my eggs in one basket. I do not trust keeping all of my money in a single investment or type of investment. In the past, I got my butt kicked in 2008. Because I was heavily invested in stocks right when the market crashed.
I lost roughly 50% of my portfolio in a matter of months and it took years to make the money back. I lost all that time trying to recoup my investments because I lacked proper diversification.
Don’t be a fool like I was. Invest in alternatives outside of the stock market to protect your overall wealth.
Enter the Bitcoin self-directed IRA.
This lucrative investment opportunity allows you to add cryptocurrencies to your overall portfolio. Instead of sticking all your eggs in one basket, you get to expand your basket to other styles of investing.
As of right now, there are a number of excellent kinds of cryptocurrency to add to your self-directed IRA. My current favorites include the following:
Click here to read my review of the best Bitcoin self-directed IRA companies in business right now.
Reason #2: Oversized Returns Are Possible with Cryptocurrency Investments
Anyone paying attention sees the value of Bitcoin. They know that this digital currency is on the rise in making investors lots of money.
Think about this for a second:
If you invested $10,000 in Bitcoin in March 2020, you could have turned it into over $130,000 if you timed the market right.
Believe it or not, people are doing things like this all the time. I do not typically recommend short-term investing, but it was possible if done right.
Even better, buying and holding onto Bitcoin and Ethereum is the much smarter way to grow your wealth over time. Sure, these investments are going to fluctuate throughout the year, but they will ultimately continue growing.
And speaking of Ethereum…
If you invested the same $10,000 into this cryptocurrency, it would have earned more than $60,000 at this point. Is it less than Bitcoin? Yes, it is. But it’s still a tremendous investment opportunity and a great way to diversify your portfolio even further.
Reason #3: Bitcoin and Cryptocurrency Growth Potential Is Outstanding
Some people don’t realize this, but Bitcoin’s growth potential is still tremendously undervalued. Many top investors believe it will reach as high as $500,000 per coin.
At the time of this writing, Bitcoin is only trading for $46,000 and change. Bitcoin isn’t even as close to its full potential as it could ever get. In fact, this investment from this point can still grow by much more than 10 times.
Are you starting to see the truth of the matter? Yes, the value of Bitcoin has grown tremendously over the past 10 years. But it’s only getting started. You haven’t missed the boat on anything. It’s one of the best investments to add to your portfolio for long-term strategies.
And since the value of this digital currency continues to rise, it’s one of the smartest ways to double, triple, or quadruple the size of your portfolio.
I don’t know about you, but I definitely love the long-term prospects of investing in Bitcoin. And there are many other great cryptocurrencies that you can add to your self-directed IRA as well. I mentioned seven of my favorites above.
Reason #4: Bitcoin Has Big Corporate, Financial, and Government Investor Interest
Do you know what I love about investing in Bitcoin? Everybody is getting in on the act. Famous celebrities, major corporations, sports franchises, and even governments are beginning to invest in this currency.
And even better, these amazing organizations now except Bitcoin as payment for their products and services. Yes, you read that correctly. You can go to a Miami Dolphins game and pay for your snacks and tickets with Bitcoin.
Other sports franchises involved:
This is just the tip of the iceberg. Major businesses are also involved in investing and using Bitcoin as well. Companies including Burger King, Overstock, Subway, Microsoft, KFC, Expedia, Wikipedia, and more all accept this digital currency now.
I don’t know about you, but this shows me that the future is bright for Bitcoin and other cryptocurrencies. It shows me that the world is accepting this digital currency and they’ve jumped on board. It shows me that this is a worthwhile investment that isn’t going away anytime soon.
Do you know what else this teaches me? It teaches me that the value of Bitcoin and other cryptocurrencies will continue to increase over the years. As more and more businesses, individuals, celebrities, and companies jump on the bandwagon, the better and more valuable everything gets.
Are you ready to open a Bitcoin self-directed IRA in 2022? Read my review of the top companies in the industry before you get started.
Reason #5: Prominent Investors and Celebrities Are Pumping Their Hard-Earned Money into Bitcoin
The average person doesn’t pay close attention to celebrities and important business people investing in Bitcoin. And it makes sense that you wouldn’t follow the crowd so to speak. But at the same time, I’d like to tell you the names of some of the most important people involved in Bitcoin investing.
Why? These prominent individuals know how to make money, which is first and foremost. They wouldn’t pump millions and billions of dollars into Bitcoin and other cryptocurrencies if it wasn’t worthwhile. I know some people try to say that investing in crypto is a fool’s game, but they are wrong. And these celebrities have proven it time and time again.
Some of the powerful celebrities that invest in Bitcoin include:
- US Secretary of the Treasury Janet Yellen
- Billionaire Bitcoin investors Tyler and Cameron Winklevoss
- International soccer star Lionel Messi
- Popular actor and an all-around good guy Ashton Kutcher
- Actress turned health blogger Gwyneth Paltrow
- Internet millionaire John McAfee
- British billionaire Richard Branson
- and many, many more
Did you see the first name that I added to the list? The United States Sec. of the Treasury is also a Bitcoin investor. Doesn’t that say something to you? Of all people, she understands money and investing. If she thinks Bitcoin is worth her while, then you better believe it is!
Learn about the best Bitcoin self-directed IRA companies by reading my detailed review.
Reason #6: Bitcoin Self-Directed IRA Tax Loophole is Real and Amazing
Cynical people will try to tell you that this isn’t a tax loophole but they’re wrong in my opinion. Just because the IRS themselves created the loophole doesn’t make it any less valuable.
When tax time rolls around, most people would kill to lower the overall tax burden. Investing in a Bitcoin IRA gives you this unique opportunity.
Have you ever heard of tax-deferred investing? When you invest a portion of your income into your Bitcoin IRA, you can defer paying your taxes. You aren’t required to pay these taxes until you begin taking distributions at 59 ½ years old.
Do you see the value of this opportunity? Not only are you postponing your tax obligations for years or decades, you can use this money to grow and make more money.
Most people miss the boat on this amazing opportunity. You do not want to skip this benefit because you can grow your account exponentially this way. And this will help you retire comfortably many years from now when the time is right.
Or if you prefer:
You can open a Roth self-directed Bitcoin IRA instead. This gives you access to tax-free investing. You deposit income of which you already paid your taxes. So, anything earned in this account is yours to keep.
As you can see, it’s definitely worth your while to invest in a Bitcoin self-directed IRA in 2022. The benefits are numerous and outstanding.
As of now, I really hope I convinced you to diversify your portfolio by investing in cryptocurrencies. If you’re ready to begin, please consider reading my review of the best Bitcoin IRA companies in business right now. This information will help you begin your investing journey on the right path. It will help you connect with the best company to meet your retirement needs.