Re: BTC as IRA

Quote from: MintDiceSupport on June 11, 2018, 07:17:06 PM

Yes, but you'll need to find an IRA custodian that will accept. That said, forget about the big players like Fidelity. Search online, there's one called BitIRA (but be mindful of fees). Also, keep in mind you will need to open what is called a "self-directed" account. There's more info for you in the following article: https://www.cnbc.com/2018/03/05/people-are-putting-bitcoin-into-their-retirement-savings-.html

Hope this helps!

You have an option with Fidelity to trade the stock GBTC (Bitcoin Investment Trust). Over Christmas, I was able to make a nice profit into my ROTH IRA holding GBTC over the four day holiday weekend. That being said, the stock trades at a high premium and a long term hold might not be the best option. One thing to note, earlier this year the stock split making it a lot more affordable for the average person to buy. Prior to the split, the stock was trading at $1600-$2200 a share.