LOS ANGELES — Bitcoin IRA, a company that provides bitcoin-based retirement vehicles, has added a returns calculator to its platform.
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The calculator, the company says, lets users figure the potential returns on their bitcoin investments, as well as compare them against returns they could have made on other assets.
The team told press that the “bitcoin investment calculator is designed to help both individuals who already have an IRA or 401(k), as well as new investors looking to start saving for retirement.”
“By comparing potential returns from bitcoin with traditional investments, they can better determine the risks and benefits associated with each option,” the press release said.
This product follows the launch of the company’s free investment guide, available to the public by download.
In June, Bitcoin IRA hit a milestone, reaching $500,000 USD in total investments made on the platform. To celebrate, the company offered a 1 percent rebate in real silver for every new investment account opened on the website.
In its marketing literature, the company touts bitcoin as a way for investors to build their retirement portfolios while protecting their “savings against market turmoil.”
Bitcoin has seen sustained highs throughout 2016. Most recently, after keeping steady in the $550-$600 range for several weeks, the bitcoin price skyrocketed to levels nearing $640. At press time, the currency’s value sits at $638.
“Bitcoin is one of the most important currency innovations in decades, said Bitcoin IRA chief strategist Ed Moy. “It’s a decentralized, global form of money, so its value isn’t tied to the economy of any one specific country. That makes it an excellent way to diversify your investments.”
What do you think about the new Bitcoin IRA returns calculator? Let us know in the comments below.
Images courtesy of Bitcoin IRA.
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