Kingdom Trust at the forefront of bitcoin investments
SIOUX FALLS, S.D., June 24, 2016 — Ed Moy, Former Director of the U.S. Mint, has become the first to officially purchase a “Bitcoin IRA,” an investment product for retirement accounts available exclusively from BitcoinIRA.com, the company announced today. The first-of-its-kind investment product is specifically designed for IRA and 401(k) plans.
Moy, who also serves as Chief Strategist for BitcoinIRA.com, invested using an IRA he opened with Kingdom Trust, a leading qualified custodian that specializes in unique and innovative solutions for investors, serves over 78,000 clients and has over $8.5 billion in assets under custody. He says that the Bitcoin IRA is a pioneering financial tool and a great way for investors to protect their retirement savings.
“Bitcoin is one of the most important currency innovations in decades,” says Moy, an expert on currency trading and global economic markets, “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.”
“Kingdom Trust is thrilled to be at the forefront of bitcoin investments in the IRA market,” said Charles “Bo” Ives, President of Kingdom Trust.
The Bitcoin IRA marks the first time that real bitcoins from a digital currency exchange have been permitted as part of a retirement portfolio. The bitcoins are held in an anonymous, securitized digital wallets. Unlike other bitcoin investment options, which are more volatile bitcoin-related derivatives such as stocks or exchange-traded funds, the “Bitcoin IRA” enables investors to store actual bitcoins in their IRA or 401(k).
“Digital currency like bitcoin is the future, and BitcoinIRA.com is at the forefront of this financial revolution,” adds Moy. “I’m proud to be the first to use a Bitcoin IRA to protect my retirement.”