A bitcoin IRA? What is the world coming to?

The cryptocurrency has become so popular—despite fears of instability, possible illegality and potential loss—that its market value is now courting $10,000, even as industry heavyweights caution investors to avoid investing in it, particularly in retirement accounts.

But not everyone is convinced that the risks of bitcoin outweigh its potential payoffs.

A Kiplinger report says that, although the wisdom of doing so is questionable, investors with self-directed IRAs actually could include bitcoin among their investments.

 

continue reading »