Will Bitcoin become a mainstream choice for retirement? Famous American politicians strongly recommend it

Bitcoin-based retirement investment vehicles are attracting interest from millennials, including influential politicians. In fact, former Republican U.S. Congressman Ron Paul is encouraging people to buy Bitcoin-based retirement investment vehicles.

Ron Paul Is Pushing Bitcoin IRAs

Over the past few years, some U.S. politicians have become interested in the benefits that cryptocurrencies can bring. For example, former U.S. presidential candidate, Senator Rand Paul (R-KY) accepted Bitcoin donations during his last presidential election. Now, Rand Paul's father and former U.S. presidential candidate, former Congressman Ron Paul, is also benefiting from Bitcoin. Specifically, Ron Paul is benefiting from the hype about Bitcoin retirement accounts.

Mashable, a news blog, published an article titled “Ron Paul is trusteeing a Bitcoin retirement fund, just like you’d expect.” The article also included a video in which Ron Paul talks about the benefits of entrusting your savings to a Bitcoin retirement account.

Bitcoin retirement options are entering the market

Bitcoin is a store of value. Its price has surpassed that of gold. Most notably, one of Bitcoin’s most important characteristics is its resistance to inflation. These characteristics make Bitcoin an attractive retirement investment option.

Several companies have begun offering full-service Bitcoin retirement accounts. These companies help customers buy Bitcoin and other digital currencies using their individual retirement accounts (IRAs) or 401Ks.

For example, FDIRA is selling digital IRAs. According to the FDIRA website:

“A digital IRA is a unique retirement account that allows you to invest in digital currencies, such as Bitcoin and Ethereum, in addition to existing traditional assets.”

Likewise, Bitcoin IRA can “securely transfer your retirement account to a standard IRS account for Bitcoin and Ethereum.” To ensure compliance with IRS regulations, “Bitcoin IRA will hold your Bitcoin with an independent, qualified custodian, Kingdom Trust, who will ensure your account is in full compliance with IRS regulations.” Bitcoin IRA opens up retirement options with a variety of cryptocurrencies.

Consumer retirement investments can now include Bitcoin, Ethereum, Ethereum Classic, Ripple, Litecoin and Bitcoin Cash.

Ron Paul now endorses Coin IRA, a subsidiary of Goldco. Coin IRA now offers Bitcoin investments. Its website states:

“If you invested $200 in Bitcoin in 2011, that investment would be worth over $1 million today! In just a few years, that’s a return of over 5,000,000%.”

Bitcoin, Ethereum and other cryptocurrencies may soon become a mainstream option for retirement accounts, especially for millennials, as they offer transaction speed, privacy and, more importantly, are inflation-resistant.