The demand for Bitcoin and other cryptocurrencies remains high amongst retirement account investors despite the recent slump in prices.
The latest sell-off in the cryptocurrency space dragged the price of Bitcoin down to $7,000, but the market plunge has not dampened the desire of retirement account investors to buy cryptocurrencies using their IRA or 401(k) plan funds.
Self-directed retirement plans provider IRA Financial Group said cryptocurrency remains one of the preferred portfolio options amongst retirement investors.
IRA Financial Group partner Adam Bergman stated:
“We have been surprised with the number of retirement investors who feel so strongly about the cryptocurrency market especially in light of the recent downturn.”
The IRA Financial Group & IRA Financial Trust Company said that its Crypto IRA platform Wallet Control gives retirement account holders the flexibility to buy, sell, or hold cryptocurrencies, including Bitcoins, while generating tax-free or tax-deferred profits.