BitIRA – pioneer of the first insured cold storage solution for cryptocurrency retirement accounts – released customer performance data for 2020. On average, each dollar invested through the crypto IRA company on
In comparison, here are other major asset class returns over the same period:
Gold: 24.4%
MSCI Emerging Markets Index: 18.3%
S&P 500: 16.3%
MSCI World Stock Index: 15.9%
S&P 500 Corporate Bond Index: 10.2%
S&P
BitIRA Customers “Could Not Be More Delighted”
“Simply put, our customers could not be more delighted about their account performance,” said
Warner went on to discuss how the 2020 windfall had changed the retirement plans of many. “We read so many emails, took so many phone calls, from our customers expressing their gratitude for all our help. Now they could afford an oceanfront lot in
Cryptocurrency IRA Resilience in the Face of Uncertainty
One lesson learned in 2020? Cryptocurrencies behave in unexpected ways. In March and April, Bitcoin and the S&P 500 moved in lockstep. In September and October, Bitcoin and gold had a more positive correlation than Bitcoin and stocks. Institutional investors and retirement savers are still trying to decide exactly what role cryptocurrencies play in their plans.
According to Warner, an even greater uncertainty troubled savers who reached out to BitIRA late in 2020. “Generally, people felt deeply concerned they’d already missed out,” and although the possibilities of cryptocurrency investing interested them, they were leery of buying at high prices. “Some people called twelve, fourteen times, just hesitating to make the decision,” Warner said. “I told them to look at the price tomorrow and call me back.” Those who were able to summon the courage to open a digital currency IRA with BitIRA had the pleasure of watching their savings grow before their eyes – on average, their balances more than doubled.
Warner said, “If it’s one thing we learned in 2020, it’s that it’s never too late.”
No one should necessarily expect a reprise of 2020’s record growth. Regardless, cryptocurrencies can play a powerful role in a diversified savings plan. And as Nobel Prize-winning economist
Can a Crypto IRA Be Part of a Retirement Strategy?
Yes, cryptocurrencies can provide diversification to any savings plan. According to Warner, the general population still considers cryptocurrency investing a highly-speculative venture, fraught with danger.
“We developed BitIRA to counter all possible external risks,” Warner explained, and went on to explain them in great detail. Any potential hacker would be confounded by a hypersecure exchange and an absence of “hot wallets.” Customers’ funds are locked away in cold storage housed in a class-5 nuclear vault. Accessing the account requires multi-party authentication.
“Furthermore, all customer assets are insured dollar-for-dollar” by a panel of
What is
Asked about the significance of “dollar-for-dollar insurance,” Warner explained the concept like this:
“Imagine you’re putting your retirement savings, say
The full amount of customer’s savings are insured at no additional cost, mitigating the risks of theft, hacking, loss of private keys, and other worst-case scenarios associated with cryptocurrencies. In addition to making digital currency so much safer for retirement savers, BitIRA eliminates the technological barrier to entry. The combination, so far, has been simple for IRA owners and as well-protected as money in the bank.
The BitIRA team set out to remove the technological barriers to cryptocurrency saving and help their customers meet their financial goals. As Warner reminds us, it’s never too late to diversify retirement savings with digital currency – and perhaps enjoy watching their own balances grow before their eyes, just like BitIRA’s customers did in 2020.
About BitIRA:
Based in
For more information about BitIRA or to get started with a Bitcoin IRA, visit https://www.bitira.com.
Read the full story at https://www.prweb.com/releases/bitira_2020_retrospective_retirement_funds_soaring_supporting_bigger_dreams/prweb17672442.htm