According to reports, investing giant Fidelity Investments will begin allowing bitcoin investments in its 401(k)s by the middle of this year. Investors will have a separate account on Fidelity’s platform for Bitcoin investments. The account will also have money market investments to hold liquidity. Dave Gray, Head of Workplace Retirement Product and Platforms at the company, told the Wall Street Journal (WSJ) that demand for … Continue reading Fidelity Will Begin Offering Bitcoin In 401(k)s Later This Year
Bitcoin IRAs were among the earliest financial instruments to incorporate bitcoins. But they have received a mixed reception since introduction. Proponents point to the tax benefits of trading using an IRA. Bitcoin trades typically incur a capital gains tax because the IRS has classified the cryptocurrency as real estate. Using a self-directed or Roth IRA, you can defer tax on such trades until a full … Continue reading Should You Trade Bitcoin Through An IRA Account?