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Bitcoin IRA drawbacks include high fees and the responsibility of managing your own account.
Not a day goes by without bitcoin being in the news. And given the cryptocurrency s phenomenal price rise, from zero to approximately $32,000 in a little over a decade, you - like many other individual investors - may be tempted to buy in. But how?
Actually, you can invest in finance s newest asset via one of its most familiar vehicles: the IRA. Yes, you can buy bitcoin for a good old individual retirement account.
Cue the excitement? Maybe. In many ways, bitcoin investments are well-suited to an IRA. But, as with any investment strategy, there are pros and cons to consider.