A bitcoin IRA lets you profit from the cryptocurrency’s potential gains in a tax-advantaged way

Bitcoin investments in an IRA are well suited. But there are pros and cons to consider, as with any investment strategy. Read more about the IRA below.

1. What is a Bitcoin IRA?

Bitcoin is the oldest and most popular of the dozen varieties available for trading and investment, a sort of cryptocurrency sometimes referred to as a digital or virtual currency. So a bitcoin IRA is a form of a retirement account for investment that includes bitcoin within its portfolio.