What is a Bitcoin IRA? The Merging Traditional Investments and Cryptocurrencies with Morgan Steckler - a podcast by Michael Nye: Bitcoin, Ethereum, Litecoin, Blockchain, Cryptocurrency, Crypto Advocate

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Evolvement is a podcast hosted by Nye that revolves around Bitcoin, cryptocurrency, blockchain technology, and how these play a role in the current financial models and economic systems of the world.

In this episode, Morgan and I sit down to discuss how traditional forms of investment are merging with new asset classes such as cryptocurrencies and Bitcoin. Specifically, we speak about the new development of a Bitcoin IRA and how this can affect your investments in cryptocurrency.

There is a lot of quality information to know about Bitcoin IRA’s and how they can help you tax wise. One of the largest struggles for Bitcoin investors is the capital gains taxes that they face with their investments. As an investor in cryptocurrencies, people can struggle heavily with their capital gains taxes. In this episode, we dive into discussion around what an IRA is, how Bitcoin plays a role in these, and how to know if this type of investment is a good decision for your portfolio.

Learn more about Bitcoin IRA’s at https://itrustcapital.com.

Also, a special thank you to our sponsors, Trade.io, for sponsoring this podcast! Trade.io is a cryptocurrency exchange that offers lightning-fast execution and a fully customizable interface. To learn more about trade.io, head over to https://www.Trade.io.

And a big thank you to our other sponsors, ZenLedger.io. With ZenLedger, you can simply and easily calculate your capital gains or losses for your cryptocurrency taxes. Dealing with crypto taxes has never been easier! Learn more at https://www.zenledger.io/.

Timestamps:

2:20 - Who are you and how did you get started in crypto?

8:00 - What is an IRA and how does it work?

10:50 - What is the benefit of starting to invest in an IRA?

14:20 - Is there a penalty to withdraw from your IRA early?

17:30 - Why is this relevant to the overall cryptocurrency space?

21:33 - What cryptocurrencies do you have on your platform right now?

22:30 - Will this make cryptocurrency more accessible to the older generations?

25:42 - How are older generations currently reacting to something like this?

30:12 - Should younger generations still be interested in traditional investments?

33:15 - What’s the fee like when you remove your Bitcoin or cash from an IRA?

35:40 - Do you think it will be popular to implement crypto assets into other tradition investment avenues in the future?

37:20 - How can people learn more and get involved in the a Bitcoin IRA?

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