How to buy Bitcoin for retirement.

Bitcoin Questions and AnswersCategory: QuestionsHow to buy Bitcoin for retirement.

Brett asked 1 year ago

I understand Bitcoin is a risky investment and retirement accounts should not invest more than 10 percent in risky investments. That said, how do I buy Bitcoin that I can liquidate when I retire and not have to pay tax on gains. Something like a Roth IRA. I am currently 57 years old.

1 Answers
Ofir Beigel answered 1 year ago

Hey Brett,
I think you should consult an accountant in your state in order to get a precise answer. Personally I don’t know of any way you can invest in Bitcoins through an IRA or any approved government investment vehicle. 
There has been an attempt to approve a Bitcoin ETF but it has failed for now. If that were to succeed then I guess some traditional institutions would add Bitcoin to their portfolio as well.
Let me know if you have any more questions.

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