Wednesday, September 7, 2022

Investing in Cryptocurrency with a Retirement Account: FAQs

John Bowens, National Education Specialist, and Johnny Kmetz, Cryptocurrency Market Manager at Equity Trust, sit down to discuss all the frequently asked questions involving cryptocurrency investing with a self-directed IRA. Learn more about investing in cryptocurrency with a self-directed IRA: https://www.trustetc.com/investments/cryptocurrency/?utm_source=youtube&utm_medium=social&utm_campaign=consideration_education&utm_term=crypto_faqs Johnny answers: 1. Why have cryptocurrencies gained in popularity? 2. What other applications does the industry foresee blockchain being used for? 3. How many cryptocurrencies exist today? 4. What are some of the risks cryptocurrency investors need to be aware of? 5. What are cryptocurrencies stored? 6. How does this work with a retirement account? 7. Why are investors looking to add cryptocurrency to their IRAs? Equity Trust Company is a directed custodian and does not provide tax, legal or investment advice. Any information communicated by Equity Trust Company is for educational purposes only, and should not be construed as tax, legal or investment advice. Whenever making an investment decision, please consult with your tax attorney or financial professional.