2 weeks ago
Bitcoin IRA, a platform that allows purchases of digital assets for retirement accounts, says its clients are seeing strong crypto returns by adding digital assets to retirement accounts.
Bitcoin IRA reports that in the first month of 2020, clients who purchased cryptocurrency anytime in January 2020 saw strong crypto returns of 11.6%. This was a blended average across all digital assets the company offers which include Bitcoin, Ethereum, Ripple XRP, Litecoin, Bitcoin Cash, Bitcoin SV, Stellar Lumens and Zcash.
Consumers investing in stocks on the first trading day of the year, January 2, 2020, would have reported losses by the end of the month, with the S&P 500 and Dow (DJIA) returning -0.6% and -1.3%, respectively. Bitcoin IRA’s clients also had stronger returns than leading technology stocks such as Amazon (AMZN) with a 7.1% gain, Facebook (FB) with a -2.3% loss and Apple (AAPL) with a 4.5% gain, according to Yahoo Finance.
The platform’s clients take advantage of price movements of cryptocurrencies by using its proprietary self-trading platform. The feature allows clients to buy, sell or swap digital assets online in real time on a 24/7 basis. “Cryptocurrencies are continuing to outperform traditional markets and our early investors are able to capitalize on these gains,” says Bitcoin IRA COO Chris Kline. “There has never been a better time for individuals to consider diversifying a part of their retirements accounts into this fast-moving sector using our easy, fast and secure crypto IRA platform.”
Bitcoin IRA is a financial services technology provider and as such is not a financial adviser, cryptocurrency, exchange, custodian, wallet provider, initial coin offering (ICO), or money transmitter. Bitcoin IRA is privately funded and based in Los Angeles.
(Source: PR Newswire)
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