Cryptocurrency News

Bitcoin IRA Reports 11.6% Average Net Return For Self-Directed Investors In The First Month Of 2020

Bitcoin IRA™ Releases New Video Highlighting the Benefits of Investing in Crypto for Retirement

The Company Announces Strong Returns For Its New Clients in 2020

Bitcoin IRA, the world’s first, largest and most secure digital asset IRA technology platform that allows clients to purchase cryptocurrencies, gold and other digital assets for their retirement accounts, announced that its clients are seeing strong returns by adding cryptocurrency to their retirement accounts.

In just the first month of 2020, the average return for all clients who purchased cryptocurrency anytime in January 2020 was 11.6%. This was a blended average across all digital assets the company offers which include Bitcoin, Ethereum, Ripple XRP, Litecoin, Bitcoin Cash, Bitcoin SV, Stellar Lumens and Zcash.

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The coin breakdown on investor returns (purchases made anytime in January 2020):

  • 11.9% average investor return for Bitcoin (BTC)
  • 10.0% average investor return for Ethereum (ETH)
  • 13.9% average investor return for Litecoin (LTC)
  • 5.4% average investor return for Ripple (XRP)
  • 11.9% average investor return for Bitcoin Cash (BCH)
  • 16.0% average investor return for Stellar Lumens (XLM)
  • 61.6% average investor return for Zcash (ZEC)
  • No purchases for Bitcoin SV

In comparison, if consumers invested in stocks on the first trading day of the year, January 2nd, 2020, they would have reported loses by the end of the month with the S&P 500 and Dow (DJIA) both returning -0.6% and -1.3%, respectively. Bitcoin IRA’s clients also had stronger returns than leading technology stocks such as Amazon (AMZN) with a 7.1% gain, Facebook (FB) with a -2.3% loss and Apple (AAPL) with a 4.5% gain.

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Bitcoin IRA’s clients take advantage of the price movements of cryptocurrencies by being able to use the company’s proprietary self-trading platform. This feature allows its clients to buy, sell or swap digital assets online in real-time 24 hours a day, 7 days a week. The company also provides its clients with industry-leading security and $100 million custody insurance, through its partnership with BitGo Trust, and in October it announced clients can soon earn interest on their cash and crypto IRA holdings.

Chris Kline, COO, Bitcoin IRA said:

“Cryptocurrencies are continuing to out-perform traditional markets and our early investors are able to capitalize on these gains. There has never been a better time for individuals to consider diversifying a part of their retirements accounts into this fast-moving sector using our easy, fast and secure crypto IRA platform.”

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