Over the past decade, crypto has transitioned from a niche product to a major asset in the financial world. Bitcoin’s ascent to new all-time highs and the introduction of Spot Bitcoin ETFs on Wall Street are clear signs of crypto’s move to mainstream acceptance.
This year, a new trend has emerged in the way crypto is purchased and sold, moving away from crypto exchanges. A growing number of investors are integrating digital assets into their retirement planning, signifying a shift in investment strategies. Enter the Crypto IRA.
What Are Crypto IRAs?
Crypto IRAs are financial accounts that allow investors to buy and sell crypto within individual retirement accounts.
A key benefit of crypto IRAs lies in their tax benefits to investors.
Two of the most common types of Crypto IRAs are Traditional and Roth. With a traditional IRA, pre-tax dollars are added to an account where they grow tax-deferred, lowering an individual’s taxable income. This setup postpones taxes on an
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