ASHEVILLE, N.C./ APRIL 18, 2019 (STL.News)
Cryptocurrencies have taken the financial world by storm, and no one with a retirement plan can afford to ignore them. That’s according to a recent post at the Self-Directed IRA administration firm American IRA, which used its blog platform to discuss some of the most popular cryptocurrencies. According to the post, the hype exploded in 2017 when the market capitalization for these cryptocurrencies went from $18 billion to $800 billion in just twelve short months.
But with cryptocurrencies pulling back, American IRA had to ask whether these might be good investments to hold for people planning retirement. To that end, the blog post broke down some of the most popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Bitcoin Cash (BCH).
“With this post, we wanted to introduce our readers to the concept of cryptocurrencies, as well as the popular names in the market,” said Jim Hitt, CEO of American IRA. “It’s not essential that every investor know these by heart. But by exposing our audience to a wide range of ideas, we like to show that we stay on top of the latest trends—and they can, too. It’s not that hard to understand what cryptocurrencies are all about once you do a little reading. And with a Self-Directed IRA, an investor has to keep an open mind when they read a broad range of financial news.”
The post used its space to discuss six of the top cryptocurrencies and helped readers understand when the platforms were launched and what kinds of special features each cryptocurrency possesses. This helps investors get a better sense of the context of the cryptocurrency market.
Why should it matter for those with a Self-Directed IRA? With a Self-Directed IRA, investors are typically looking for a wide range of asset classes for diversification; this can include real estate, precious metals, and more.
For more information on these cryptocurrencies, visit the blog at http://www.AmericanIRA.com. Interest parties can contact American IRA at 866-7500-IRA.
American IRA, LLC was established in 2004 by Jim Hitt, CEO in Asheville, NC. The mission of American IRA is to provide the highest level of customer service in the self-directed retirement industry. Jim Hitt and his team have grown the company to over $400 million in assets under administration by educating the public that their Self-Directed IRA account can invest in a variety of assets such as real estate, private lending, limited liability companies, precious metals and much more.
As a Self-Directed IRA administrator, they are a neutral third party. They do not make any recommendations to any person or entity associated with investments of any type (including financial representatives, investment promoters or companies, or employees, agents or representatives associated with these firms). They are not responsible for and are not bound by any statements, representations, warranties or agreements made by any such person or entity and do not provide any recommendation on the quality profitability or reputability of any investment, individual or company. The term “they” refers to American IRA, located in Asheville and Charlotte, NC.”