Now There’s Bitcoin IRAs

Note from the Publisher:  Ya learn something new every day.  We had not seen this firm before, but in fact Bitcoin IRA launched in May 2016.  As you can PROBABLY (hopefully!) guess, they offer bitcoin IRAs and 401Ks.  Their blog writer is Deepak Bharadwaz, and a Linkedin search of that name yields two individuals in India, but their chief stategist, per the site, is Ed Moy, former Director of the US Mint, and their corporate office is located in Sherman Oaks, CA.  Anyway, they have an offer of free gold with the opening of a new account, which is what initially caught our eye.  We will note that the story is stated to be a sponsored piece but we thought the offering was unique and bore further exploration, so we chose to publish it.

“Bitcoin IRA, marketed as the first and only bitcoin-based retirement investment company, has announced a gold rebate for new clients.

New account holders automatically qualify for the rebate, paid out in gold eagle coins. The size of the rebate depends on the size of the new account, with the rebate schedule as follows:

  • $15,000 bitcoin investment = 1/10 oz. gold eagle coins
  • $35,000 bitcoin investment = 1/4 oz. gold eagle coins
  • $70,000 bitcoin investment = 1/2 oz. gold eagle coins
  • $100,000+ bitcoin investment = 1 oz. gold eagle coins

The company said the rebate will run for a limited time, until supplies of the gold eagle coins run out. According to a press release, the Bitcoin IRA team wants to use this rebate promotion as a way to incentivize using bitcoin to save for retirement.”

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