#1 My Digital Money:
Full-Service IRA: Yes
Fees: 1.9% per transaction
Offers Other Alternative Assets: No
Storage: Cold storage
Headquarters: Pasadena, CA
#2 Bitcoin IRA:
Full-Service IRA: Yes
Fees: $240 annually + 10-15% on initial investment + 1% per trade
Offers Other Alternative Assets: No
Storage: Cold storage
Headquarters: Sherman Oaks, CA
#3 BitIRA:
Full-Service IRA: Yes
Fees: $195 annually + 0.05% monthly storage fee
Offers Other Alternative Assets: No
Storage: Cold storage
Headquarters: Burbank, CA
#4 Broad Financial:
Full-Service IRA: Yes
Fees: $300 annually
Offers Other Alternative Assets: Yes
Storage: Cold storage
Headquarters: Montvale, NJ
#5 Coin IRA:
Full-Service IRA: No
Fees: 1% per sell, 1.25% per buy
Offers Other Alternative Assets: No
Storage: Cold storage
Headquarters: Woodland Hills, CA
Introducing Ethereum IRAs
For some Americans, the prospect of adding cryptocurrencies to their Individual Retirement Account (IRA) has never crossed their mind. As a relatively new conception, many Americans are unaware of the myriad diversification benefits that a cryptocurrency IRA can offer them.
While Gold IRAs and Silver IRAs are common avenues for people to protect their nest eggs with tangible assets, IRAs containing Bitcoin, Ethereum, and other digital currencies are only now starting to gain traction among retirement investors. However, in today’s age of generational inflation and interest rates at 5.5%, we’re seeing more and more investors turn to alternative assets such as cryptocurrencies in their IRAs in order to hedge against systemic market risks and stock market volatility.
While newer to the scene, Crypto IRAs offer some of these same qualities as Precious Metals IRAs but with more potential long-term and short-term upsides.
According to Bank of America, digital currencies could have a $2 trillion+ market value with 200 million+ users and spearhead the new age of global finance. Crypto makes international financial transactions borderless, efficient, and seamless while offering attributes akin to “digital gold.” As MicroStrategy CEO Michael Saylor says, “It is pretty clear digital gold is going to replace gold this decade.”
Bitcoin IRAs are the more established choice for crypto IRA enthusiasts. As the largest and most established cryptocurrency, they offer digital asset exposure to investors’ retirement accounts while maintaining a degree of stability with long-term upside. These IRAs have been around for roughly seven years, with the first Bitcoin IRA launching in 2016 by the aptly named company, BitcoinIRA.
Mainstream adoption of Bitcoin is increasing, too, with Colorado recently becoming the first U.S. state to accept crypto for tax payments. Abroad, central banks such as the European Central Bank are set to begin pilot projects for their own digital currencies that operate like Bitcoin. In fact, 11 central banks have already launched their own.
There’s clearly something to cryptocurrencies if even the world’s largest financial institutions are getting on board with these new technologies.
Furthermore, Bitcoin outperformed gold and the stock market between 2019 and 2021, and is currently on pace to do the same in 2023. A CNBC report also showed that Bitcoin IRAs surged in popularity in 2021 as a vehicle for building long-term wealth while reaping the tax benefits of IRA accounts.
Bitcoin IRA accounts, however, don’t exclusively contain Bitcoin. While Bitcoin is the primary crypto holding, these IRA accounts often possess several other cryptocurrencies and altcoins.
Recently, many savvy investors have shifted their Crypto IRA accounts to Ethereum IRAs. Although Bitcoin IRAs, to date, are better known, Ethereum provides investors with a whole new avenue of exposure to a different segment of the crypto universe and long-term potential.
What is Ethereum, and How Does it Differ From Bitcoin?
Comparisons between Bitcoin and Ethereum, especially when it comes to IRA accounts, are inevitable. Bitcoin remains the largest and most established cryptocurrency. Ethereum has rapidly gained ground as the second-largest cryptocurrency by market cap over the last few years. As of Q3 2023, Ethereum has a token price of US$1,848 and a total market volume of $6.9 billion.
(IronMonk Solutions via CoinMarketCap, sponsored) Ethereum has rapidly gained ground as the second-largest cryptocurrency by market cap over the last few years.
Bitcoin (BTC) and Ethereum (ETH) have inherent similarities. Both are investable cryptocurrencies, decentralized, and deregulated. Each is on the blockchain, stored in digital wallets, and powered by distributed ledgers and cryptography. This means that they cannot be changed, hacked, or controlled by any single centralized entity.
However, that is about where the similarities end.
Primary Purposes
Bitcoin, as the world’s first cryptocurrency, was created in 2009 by an anonymous computer programmed who goes by the name of Satoshi Nakomoto. This came on the heels of the financial crisis recession, which necessitated new financial technologies to prevent future financial crises. Its purpose was to compete with fiat currencies as an electronic P2P currency system, medium of exchange, and store of value comparable to digital gold. Whether or not it has accomplished all of those goals is a matter of public debate.
On the other hand, Ethereum is the next-most-popular cryptocurrency, and it was built with a different purpose. It’s an avenue for developers to monetize smart contracts, create decentralized apps (“dApps”), and build on top of existing programming languages. Vitalik Buterin, a young mathematic and computer science prodigy, co-created Ethereum in 2013 to facilitate immutable, programmatic contracts. Chances are, it’s served its initial purpose more than Bitcoin has. Since its emergence, it has spawned a revolution in blockchain technology, leading to the creation of thousands of cryptocurrencies that run on its framework.
Numerous surging areas in the crypto ecosystem, such as Decentralized Finance (DeFi), exchanges, NFTs, crypto gaming, and more, were built and monetized on the Ethereum blockchain. According to USA Today, the current price target for Ethereum in 2023 is about $2,900 per ETH token.
In many ways, Bitcoin and Ethereum are not direct competitors but rather cohabitors in the same universe. Yet the Ethereum ecosystem, especially as it upgrades to Ethereum 2.0, is growing exponentially. It is “open-sourced” and decentralized and offers smart contracts, making it fully programmable. Ethereum, more so than Bitcoin, has revolutionized the crypto ecosystem for developers as a medium to build real-world, fully customizable applications.
Perhaps that’s why, from 2020 to 2022, Ethereum’s skyrocketing value dwarfed that of Bitcoin. Since mid-2022, however, Bitcoin and Ethereum have followed similar growth trajectories, as indicated in the charts below.
(IronMonk Solutions via WalletInvestor, sponsored) Bitcoin Charts.
(IronMonk Solutions via WalletInvestor, sponsored) Ethereum Charts.
“Digital Gold vs. Digital Silver”
Gold and silver are precious metals that naturally compete, especially when it comes to IRA accounts. Gold is considered a store of value and inflation hedge because of limited supply and stability. Silver has similar attributes while offering more widespread industrial uses, affordability, and liquidity. Russ Koesterich of BlackRock notes that silver has more industrial uses than gold, such as electronic devices, electrical systems, and solar panels. Silver is also integral to an EV industry that could be a potential $46 trillion juggernaut industry by 2050, notably for “the electric engine, battery pack, and battery management system.” According to Morgan Stanley, silver is significantly cheaper than gold and more accessible to small retail investors. Moreover, silver is liquid, ubiquitous, and versatile in trading.
Of course, similar to Bitcoin and Ethereum, gold and silver are 1 and 2 regarding precious metal market value.
Bitcoin is often compared to digital gold because it was the first cryptocurrency. It also has the largest market cap and is in limited supply, making it a digital store of value. Ethereum is often compared to digital silver because it is the second-largest cryptocurrency. Like silver, it serves various purposes for a wide range of applications. It is also cheaper than Bitcoin and more liquid.
Transactions
When it comes to transaction fees, Bitcoin remains significantly cheaper than Ethereum. Bitcoin’s transactions are also monetary, with notes and messages affixed and encoded within data fields in its transactions. In contrast, Ethereum transactions contain executable code for creating smart contracts or self-executing contracts and applications built on top of them.
(IronMonk Solutions via TheBlock, sponsored) Transaction Fees.
In 2021, Ethereum underwent a “hard fork” where its underlying blockchain system was upgraded to smoothen out how transaction fees are calculated and make them less volatile. In 2023. After successfully forking, the Ethereum token saw an immediate +3.9% price surge.
Bitcoin is ready to do the same. After numerous hard fork events in its past, Bitcoin is headed for another sometime in the next few years—after which, we could see large-scale price action.
With Ethereum, you often get what you pay for. Ethereum’s transaction speed is infinitely faster than Bitcoin’s. The block time, which determines how long it takes for transactions to get confirmed, takes roughly 10 minutes for Bitcoin and 15 seconds for Ethereum. Bitcoin’s transaction throughput is only about 7 per second, compared to Ethereum’s 30 per second.
For this reason, Ethereum is a faster and more practical peer-to-peer payment system than Bitcoin according to many analysts and observers in the industry.
Energy Consumption/Staking
Both Bitcoin and Ethereum use proof of work (PoW) protocol. Proof of Work is a mechanism for networks to validate information recorded on their blockchains and is used widely in cryptocurrency mining for new tokens.
Outside of congestion and lag times with proof of work protocols, proof of stake consumes enormous energy. While Ethereum plans to move to proof of stake (PoS) technology, Bitcoin will remain with PoW. PoS substitutes computational power with staking—making it less energy-intensive—and replaces miners with validators.
Currently, machines performing the “work” for Bitcoin consume vast amounts of energy primarily sourced from fossil fuels.
Bitcoin Energy Consumption Worldwide, 2017 to 2023 (Source: Statista)
Per year, Bitcoin’s carbon footprint is comparable to the carbon footprint of the Czech Republic. Its power consumption compares to Thailand, and its small IT equipment waste is on par with the Netherlands.
That doesn’t even take into account what one single Bitcoin transaction wastes. One transaction is equivalent to the carbon footprint of 2,645,939 VISA transactions or 198,972 hours of watching YouTube, wastes about as much power as an average U.S. household over 73.36 days, and wastes about as much electricity as the weight of 2.18 iPhones 12 or 0.73 iPads. In short, Bitcoin is undeniably wasteful and can be seen as an ecological hazard.
By contrast, Ethereum is said to be “virtually unrecognizable in energy consumption” after numerous hard forks that have made transactions less power-intensive. As seen in the graphic below, Ethereum’s new Proof-of-Stake system utilizes fewer energy resources than PayPal, Netflix, and Airbnb.
(IronMonk Solutions via Ethereum.org, sponsored) Annual Energy Consumption in TWh/yr.
How to Add Ethereum to Your IRA Account
Now that we’ve gone through how Ethereum differs from Bitcoin let’s go through how you can add Ethereum to your IRA account. With more and more people realizing the widespread benefits of Ethereum, especially with how DeFi, NFTs, and the blockchain space continue evolving and growing, many are starting to see the long-term benefits of Ethereum and are opting to add it to their IRA accounts.
Bitcoin IRAs are still a new phenomenon, and Ethereum IRAs are even more recent. So it’s essential to understand what to do from start to finish, especially considering how traditional brokerage accounts typically do not support crypto IRAs.
It’s a simple process and takes only 4 steps.
Step 1: Choose the type of IRA account you want
Ethereum IRA accounts, like Bitcoin IRAs or Gold and Silver IRAs, are self-managed or self-directed accounts. As the account holder, you are entirely in charge of selecting the assets in the IRA account.
You will have the option to choose between two types of self-directed retirement accounts:
Roth Ethereum IRA
After-tax retirement savings account that works just like any Roth IRA.
No upfront tax deduction with contributions.
Zero requirements to pay taxes later on when you retire and begin to take distributions.
Traditional Ethereum IRA
Tax-deferred retirement savings account.
Contributions and gains will not be taxed.
Typically tax-deductible contributions.
For 2023, annual contribution limits are $6,500 if under age 50 and $7,500 if age 50 or above (add an additional $500 to each for 2024)
Must pay taxes on distributions during retirement.
Beyond account type, you have to consider storage solutions and exchange solutions. Storage solutions digitally store and encrypt your crypto assets to protect them from theft or loss. Exchange solutions facilitate live crypto trading.
Step 2: Use a reputable Ethereum IRA company to set up your account
Ethereum IRA accounts are self-managed; however, it’s essential to partner with a trusted third-party custodian to help set up your account. In reality, though, a reputable custodian does so much more. They provide FDIC insurance and technical support, ensure full IRS compliance, and handle all storage and exchange solutions.
When choosing a provider, make sure to exercise discretion and go with one that provides all the required services. They must also understand crypto just as much as retirement accounts. Most importantly, they must have a sterling reputation from multiple sources and a strong track record.
Step 3: Fund your account
There are several ways you can choose to fund your IRA account. You can do a direct bank transfer, IRA rollover, or direct IRA-to-IRA transfer. A top-notch IRA custodian can help facilitate any of these if you want to start an Ethereum IRA.
Custodians are especially useful when it comes to rollovers, aka transferring funds from an existing IRA or any employer-sponsored account (barring restrictions) to a new Ethereum IRA.
Step 4: Choose your assets
Just because it’s called an Ethereum IRA doesn’t mean you have to limit yourself to only owning Ethereum. Working with your IRA provider can help you select a basket of crypto assets to hold in your retirement account and store it in secure digital wallets.
The Benefits of an Ethereum IRA
There are several benefits that an Ethereum IRA can offer you.
1. Diversification
Whether or not you are a crypto bull, crypto is now an asset class, just as any equity sector or commodity. In today’s economic and geopolitical environment, diversifying with multiple asset classes, including crypto, is paramount.
You can see it first hand too, when you compare the returns of Ethereum to those of Bitcoin, Gold, Silver, Copper, and Dow Jones, S&P 500, and Nasdaq ETFs. When Russia invaded Ukraine on February 24, 2022, Ethereum was the biggest gainer among these assets, dwarfing the others with a 33% rally all the way into April.
(IronMonk Solutions via Stockcharts, sponsored) Returns of Ethereum to those of Bitcoin, Gold, Silver, Copper, and Dow Jones, S&P 500, and Nasdaq ETFs.
Many reputable financial sources recommend allocating a portion of your portfolio to crypto assets. Fidelity’s Bitcoin Investment Thesis suggests dedicating 5% of a multi-asset portfolio to Bitcoin. Other studies, however, say to allocate assets into other cryptos, namely a 2019 Yale study that recommended allocating 4% to 6% towards a basket of cryptos. Many other financial advisors, CFPs, and financial experts are beginning to adopt a roughly 1% to 5% asset allocation recommendation. Within one’s crypto portfolio, a more recent 2023 report indicated that a 50-50 or 60-40 Bitcoin and Ethereum split may help maximize one’s returns.
2. IRS-Compliant
Ethereum IRA accounts are fully IRS-compliant for one simple reason. The IRS sees crypto as a capital asset, like any other security. Therefore, it is fully acceptable under IRS guidelines to hold cryptocurrencies in an IRA.
You should be fine as long as you aren’t purchasing life insurance, a collectible, or directly violating the Internal Revenue Code Section 4975(c).
3. Tax benefits
The tax benefits of an IRA account are their strongest selling point over a regular bank account, or in this case, a crypto wallet. Tax benefits work the same way for Ethereum IRA accounts as with any traditional IRA account. You need to make sure you pick the right one, though.
Like other types of IRA accounts, Ethereum in an IRA is a capital gains tax shelter. Depending on the type of IRA you choose, you can have tax deductions for deposits or tax-deferred or tax-free growth on earnings.
However, what makes an Ethereum IRA especially attractive is that dealing with crypto taxes is a headache. Not only do you have to account for capital gains any time you sell crypto at a profit for USD or any other fiat currency. To ensure tax compliance, you must physically record every trade and document precisely what each trade gained. With an Ethereum IRA, you don’t have to worry about that nonsense.
4. Exposure to Ethereum’s rise and Web3
Ethereum is one of the most exciting investible digital assets today. The short-term rise of Ethereum has been more apparent when compared to Bitcoin and the broader equity markets.
Long term, Ethereum has a robust development roadmap that can offer enormous potential, significantly as it upgrades to Ethereum 2.0. Moreover, because of Ethereum’s programmability, it not only gives you exposure to booming DeFi and dApp spaces. It powers an NFT space that’s more than just pricey animations. Digital Journal says the global NFT market could multiply by nearly 5x at a 23.3% CAGR by 2028 and could power the next iteration of the internet: Web 3.0.
Understanding the Cons
Ethereum’s long-term potential is clear. Yet, before adding it to your IRA, understand some of the cons and drawbacks first.
First and foremost, there are significant volatility risks. Ethereum’s volatility even compared to Bitcoin, is high. Yes, Ethereum has massive return potential and has crushed other asset classes ever since its inception and recently. Yet, with significant returns come big risks and instability.
For instance, we discussed how well Ethereum had performed ever since the Ukraine invasion. However, if you backtrack and look at its 1-year chart, you can see violent price swings and distinct peaks and valleys in 2022 and 2023. Don’t be alarmed by this, as such price movements are typical of crypto assets and newer assets perceived as riskier. While price actions such as these are capitalized upon by traders, these assets have trended upward in value since they were first introduced.
(IronMonk Solutions via YCharts, sponsored) ETH-USD price chart August 2022 to 2023.
Opportunity costs are another issue. Allocating a certain amount of funds in your IRA to a particular asset, such as Ethereum, uses up precious, limited contribution space ($6,500-7,000 per year) that could go towards other assets. Crypto IRAs typically come with higher minimum investment requirements than other IRAs. That doesn’t even include recurring management, custodial, and maintenance fees, which, mind you, are typically higher. Not to mention the complex fee structures that most Ethereum IRA providers possess.
Signs also look like increased regulation for crypto is inevitable, as President Biden signed an executive order in March 2022 calling for a broader federal strategy for regulating digital assets.
Top 5 Ethereum IRA Companies
If you want to start an Ethereum IRA, choosing a high-quality Ethereum IRA provider is easily the most critical step. Ensure your due diligence and go with a provider that offers the following characteristics:
Longevity
Ease of Use
Ratings and Customer Reviews
Fees
Storage Capabilities
Founder and Executive Team
Data Security and Customer Safety
Customer Service
Considering these characteristics, we made your research a little bit easier with this list of our exclusive list of the top 5 Ethereum IRA companies. Our rankings were decided after extensive company background research and aggregated user reviews found all over the web.
Best Ethereum IRA Companies
#1 - My Digital Money
Phone: 833-636-2008
Years in Business: 2
Bitcoin IRA Annual Fees: None
Full-Service Bitcoin IRA: Yes
Insured Bitcoin IRA? Yes
(MyDigitalMoney | IronMonk Solutions, sponsored) MyDigitalMoney Logo.
My Digital Money was founded by industry veteran Collin Plume. Collin built the company from the ground up after learning the ins and outs of the IRA business through his principal venture, Noble Gold. Within 2 years, My Digital Money has become the highest-rated Ethereum IRA firm in the country and has gotten recognition for slashing its fees over time. The firm’s main focus is helping individual investors add metals and now crypto to their portfolios and retirement accounts.
This company’s leading Ethereum and Bitcoin investing platform makes it affordable and accessible to not only invest but also trade Bitcoin and other cryptocurrencies within an IRA. All of this can be done at the touch of a button through the company’s simple-to-use online dashboard. Plus, My Digital Money is one of the only companies that charge low transaction fees for every asset sold or purchased within their accounts (1.9%).
Pros:
Terrific military-grade security protocols for all Ethereum wallets
Partnership with Equity Trust Company for custodian services
Provides affordable access to all major cryptocurrencies
Cons:
A newer company that lacks the longevity of some competitors
#2 - Bitcoin IRA
URL: bitcoinira.com
Phone: 877-936-7175
Years in Business: 5
Ethereum IRA Annual Fees: $240
Full-Service Ethereum IRA: Yes
Insured Ethereum IRA? Yes
(Bitcoin IRA | IronMonk Solutions, sponsored) Bitcoin IRA Logo.
Despite its name, Bitcoin IRA is not only a full-service solution for Bitcoin IRA services. Rather, they offer a wide variety of cryptocurrencies, including Ethereum. The company was founded by Camila Concha, Chris Kline, and Johannes Haze. Each founder has an impressive background and it is not their first endeavor. It is a fully self-trading platform so the user must make all of their investment decisions. They offer an app for their users on both Android and iOS, which is helpful and convenient for any trading account and a great way to watch your money grow. Their two account options are an IRA or an interest-bearing crypto account. Both are great options for someone thinking long-term for their crypto portfolio.
Pros:
Available on both Mac and PC devices, as well as iOS and Android
Allows you to borrow against Ethereum or Bitcoin
Intuitive, user-friendly site and app
Cons:
Not always clear regarding which assets you can and cannot invest in
Tax concerns may arise regarding the company’s 6% monthly payouts on IRA accounts
#3 - BitIRA
URL: www.bitira.com
Phone: 800-299-1567
Years in Business: 6
Ethereum IRA Annual Fees: $400
Full-Service Ethereum IRA: Yes
Insured Ethereum IRA? Yes
(BitIRA | IronMonk Solutions, sponsored) BitIRA Logo.
This California-based company offers one single account for all your alternative investments to be in one place. BitIRA has partnerships with Genesis to facilitate trading Ethereum, other crypto token, and various other alternative asset classes. The site also offers accounts for professional advisors to manage accounts on behalf of their clients. Professionally, there are not many options out there like this.
Pros:
Terrific physical and cybersecurity track record
Enhanced reporting and account holdings overview to track investment progress
Cons:
Not always transparent regarding all costs implied in transactions
Hefty minimum deposit required ($5,000)
#4 - Broad Financial
Phone: 800-395-5200
Years in Business: 19
Ethereum IRA Annual Fees: $300
Full-Service Ethereum IRA: Yes
Insured Ethereum IRA? Yes
(Broad Financial | IronMonk Solutions, sponsored) Broad Financial Logo.
Broad Financial offers professional and non-professional self-directed accounts for traditional investments and alternative investments all in one account. They offer a wide variety including mortgage notes, peer-to-peer lending, private equity, and as we’ve been discussing, crypto and Ethereum IRAs. Overall, Broad Financial is a great one-stop-shop for more types of accounts that we have the space to type out, which says a lot about their experience in so many different spaces. They also offer individual consulting for newer investors looking to get a head start on their investments.
Pros:
Huge variety of assets classes offered, including Ethereum and Ethereum-based tokens
Offer products and accounts for individuals, businesses, and professional investment managers
Cons:
A one-stop shop is great, but not heavily focused on being able to add cryptocurrency to your IRA as the other options we’ve discussed
#5 - Coin IRA
URL: coinira.com
Phone: 888-988-COIN
Years in Business: 6
Ethereum IRA Annual Fees: No Fees
Full-Service Ethereum IRA: Yes
Insured Ethereum IRA?: Yes
(Coin IRA | IronMonk Solutions, sponsored) Coin IRA Logo.
Coin IRA is an all-in-one solution that allows clients to self-trade in cryptocurrencies, physical gold, and physical silver in their self-directed Ethereum IRA accounts. They have low transaction fees and also allow users to buy and sell 24 hours a day, unlike some similar platforms. Client assets are held in institutional-grade storage solutions, with best-in-class security. They offer an easy-to-use platform similar to Coinbase to invest in cryptocurrency and precious metals online; the recent explosion of interest in cryptocurrency and security has continued to be a large concern which they seem to combat very well.
Pros:
Institutional-grade storage, with best-in-class security
Transparent about their fees and their management team
Great reviews listed on their site which we verified
Heavily focused on tax benefits, so for investors looking long term this should be a contender
Cons:
There aren’t as many cryptocurrencies to choose from as some other options
#1 My Digital Money:
Full-Service IRA: Yes
Fees: 1.9% per transaction
Offers Other Alternative Assets: No
Storage: Cold storage
Headquarters: Pasadena, CA
#2 Bitcoin IRA:
Full-Service IRA: Yes
Fees: $240 annually + 10-15% on initial investment + 1% per trade
Offers Other Alternative Assets: No
Storage: Cold storage
Headquarters: Sherman Oaks, CA
#3 BitIRA:
Full-Service IRA: Yes
Fees: $195 annually + 0.05% monthly storage fee
Offers Other Alternative Assets: No
Storage: Cold storage
Headquarters: Burbank, CA
#4 Broad Financial:
Full-Service IRA: Yes
Fees: $300 annually
Offers Other Alternative Assets: Yes
Storage: Cold storage
Headquarters: Montvale, NJ
#5 Coin IRA:
Full-Service IRA: No
Fees: 1% per sell, 1.25% per buy
Offers Other Alternative Assets: No
Storage: Cold storage
Headquarters: Woodland Hills, CA
Conclusion: Open an Ethereum IRA TodayEthereum isn’t like other crypto assets. It offers the potential for explosive near-term returns coupled with long-term possibilities. Ethereum is so much more than just a digital token. It is a customizable and programmable blockchain force that can add exposure to DeFi, NFTs, or Web 3.0 to your IRA account.
Adding Ethereum to your IRA can add some sizzle without a tax burden if you are a long-term bull. The risks are genuine, and there will be volatility. However, if you are a long-term investor, a few hiccups and corrections shouldn’t worry you.
Plus, with the way Ethereum and Bitcoin have outperformed every major asset class in 2023 so far, investors could be riding the momentum to new heights in the months ahead.
When it comes to your strategy for retirement, we recommend that you consider all the options. If you do your due diligence and partner with a reputable custodian, properly starting an Ethereum IRA account could add immense potential to your nest egg.
For the best results, we recommend the California-based My Digital Money for your Ethereum needs. This conclusion is based on years of historical outperformance, a perfect security track record, an innovative fee structure, and excellent customer reviews. To find out more about how a Bitcoin IRA can work for you, consider requesting a FREE info kit from My Digital Money or give them a call at 1-833-636-2008 for more information.