I now hold Bitcoin in my Roth IRA, purchased from Ameritrade.
No different than buying any other stock. (OK, pink sheets, so you must use limit orders, but you get the idea.)
I've waited years for this day! Can't wait to see what happens next.
I miiiiight have a bit of a bullish bias here ;-)
Is this with or rather through a self-funded roth ira? Sorry, I'm not overly familiar and just wanted to pick your brains a bit. This seems, well frankly, like an amazing vehicle for preserving growth.
So, if I understand correctly, you would have deposited up to $5500 for the year of contributions or how ever little; then you just bought the individual shares.
The money you've spent on this has already been taxed. So, assuming it is a qualified withdrawal; if you bought basically a coin at $420, if at the time it is withdrawn, the coin/share is now worth $1,000; you do not pay taxes on that $580 increase in value? And likewise; if the coin is worth say $32,000... you wouldn't pay tax on that additionally $31,000 in appreciation assuming it's a valid withdrawal?
That seems almost to good to be true lol. How is this not amazing!? lol?