New retirement option | Ethereum personal retirement fund

Cryptocurrency-based retirement fund BitcoinIRA.com recently announced the establishment of Ethereum IRA. This new product provides customers with new options for retirement investment and protection, allowing customers to establish Ethereum-based personal retirement accounts.

Demand for Ethereum Gives Birth to Ethereum Personal Retirement Funds

Recently, Ethereum has consolidated its position as the second largest cryptocurrency in the market, second only to Bitcoin. With the significant development and application of the Ethereum platform in a series of applications, the market demand for Ethereum has risen rapidly. The establishment of the Enterprise Ethereum Alliance (EEA), which brings together many technology giants and industry giants, has further strengthened investors' confidence in Ethereum.

These recent developments and the increasing stability of Ethereum have increased the appeal of this cryptocurrency as a form of retirement investment. It is reported that the Ethereum Retirement Fund will follow the autonomous and self-governing model of the Bitcoin Retirement Fund. Since its establishment in June 2016, the Bitcoin Retirement Fund has achieved great success and has established more than $10 million in accounts to date.

As with Bitcoin IRA’s flagship product, investors can hold Ethereum in retirement accounts, open traditional retirement accounts, Roth IRAs, or participate in 401K retirement pension plans and simplified employee pension plans (SEP IRAs). Bitcoin IRA’s exclusive partnership with BitGo will ensure that users can use a variety of Bitcoin wallets to ensure security and privacy, and ensure full compliance with relevant regulations on the nature of retirement funds. To ensure the liquidity of funds, Bitcoin IRA has entrusted Genesis Global Trading, Inc. to invest the funds and use TradeBlock’s ECX Index as an interest rate reference.

Cryptocurrency retirement savings

Bitcoin IRAs are the first companies to offer a service that allows cryptocurrency deposits to be placed in retirement accounts. Unlike traditional individual retirement fund plans, investors in Bitcoin IRAs and Ethereum retirement funds have permanent control over their cryptocurrencies, and investors can freely distribute their funds after the investment period ends.

The deflationary nature of cryptocurrencies makes them ideal for long-term investment. In 2017, Ethereum has achieved a growth rate of 500%, rising from less than $10 per coin to more than $64.

The Bitcoin IRF offers customers two options – traditional retirement funds and Roth IRFs (Bitcoin/Ethereum), which enjoy the same tax benefits as regular retirement funds and 401ks.

Bitcoin Retirement Fund positions itself as a unique investment company that charges only a small management fee, which may make it more attractive relative to Bitcoin ETFs and other investment funds.