Goldco’s cryptocurrency subsidiary, CoinIRA, announced in a press release CoinReport received the launch of its new digital Individual Retirement Account (IRA) bundles that enable investors to invest in the most popular digital currencies available today.
The bundles come pre-packaged with a combination of the most dominant and best-known digital currencies, including bitcoin, litecoin, ripple, ether and ether classic.
Goldco CEO Trevor Gerszt stated in the release we received, “We’re very happy to be able to offer these exciting new products to our clients and to enable them to benefit from the tremendous potential for asset growth offered by cryptocurrencies.
“We want to make sure that our clients have every opportunity to maximize the growth of their investments.”
Bitcoin’s price in 2017 has quadrupled, while ether and litecoin have seen 50-fold and 20-fold increases, respectively.
The proportion of each digital currency held in the IRA bundles will fluctuate based on the risk appetite of the investor, who can select from bundles categorized as conservative, moderate or aggressive. The bundles are available in amounts of $25,000, $50,000 and $100,000.
Howard Aronson, Goldco’s executive vice president for sales and marketing, stated, “Our focus on satisfying clients, our long track record of customer service, and our staff’s knowledge and expertise establish us as a leading provider of cryptocurrency investment services.”
These bundles, like other self-directed IRA products, can be financed via tax-free rollovers from current retirement accounts, including 401(k)s and IRAs.
Dwight Flenniken III, Goldco’s executive vice president for marketing, said, “These new products put us on the cutting edge of cryptocurrency investment. In a market as fast-paced and ever-changing as cryptocurrency, we aim to stay at the forefront of the latest market developments.”
Image via press release