MONSEY, NY--(Marketwired - Dec 30, 2013) - Bitcoin has experienced growing acceptance in the commercial arena, and is now being offered as a viable retirement asset. Broad Financial, a leader in the self-directed IRA market, is educating retirement investors as to the methods and platforms available for investing in Bitcoin.
Daniel Gleich, Broad's COO, stresses the need for the investing platform to be in sync with the mindset of the investor. "Bitcoin is still at a stage where it is being purchased by early adopters and those who are willing to take a chance on a relatively new asset. The companies who try to push Bitcoin via standard vehicles like trusts and funds are not going to see the best response. A non-custodial IRA, with its freedom of transaction and asset choice, offers the most versatility and profitability, and appeals to those who are willing to get in on the ground floor. Broad's Checkbook IRA fits these criteria, and that's the reason we're making the move with Bitcoin."
The Broad Bitcoin IRA differs from previous Bitcoin retirement platforms in a number of key aspects. The first is in the ability to buy Bitcoin directly through the exchanges without having to invest via an organized fund. This allows investors to have their retirement accounts own actual Bitcoin as opposed to just shares. The second notable feature of the Broad platform is the elimination of the middle man. This is accomplished by setting up the IRA with an LLC which allows for direct investment without a custodian. These two unique features streamline the investment process, as well as making it much more economical by getting rid of custodian and fund fees.