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(0) CHARLOTTE, NC / ACCESSWIRE / April 1, 2021 / Can investors hold Bitcoin in a Self-Directed IRA? Recent headlines have seen volatile price swings for the cryptocurrency. For many, seeing Bitcoin eclipse $30,000 per coin and even $40,000 and above has changed the landscape. It is introduced the concept of cryptocurrency to a larger audience, which justifiably has many retirement investors wondering whether it is possible to use a tax-advantaged account like an IRA for investing in cryptocurrencies. The most recent post at the American IRA blog goes into greater detail. First, the post highlights how the IRS prohibits certain types of assets from being held within an IRA. For example, a life insurance policy cannot be held within an IRA, nor can collectibles like art or fine wines. But because the IRS prohibits specific types of assets from use within a retirement account, it also leaves the door open for investing in many alternative asset classes.

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