5 Reasons why you should think about Bitcoin as a retirement plan.

The value of Bitcoin has steadily increased since the end of 2014 and has meanwhile exceeded its record high several times. In the following article, five reasons are given in more detail as to why bitcoin is becoming more attractive as a value proposition. The successful developments have attracted more and more interested parties in the last few months, so that conventional investors are also thinking about securing Bitcoin.

Daytraders and Coin enthusiasts are now no longer the only ones to deal with Bitcoin and its positive aspects. Also investors who consider another asset in terms of their pension.

Bitcoin as IRA

Individual retirement accounts (IRA) are options for investors to provide for their pension. The IRA offers some advantages in the tax field. Some companies have expanded their accounts, so that since 2016 there has been a chance for citizens in the US to pay out bitkip payments through Bitcoin IRA.
The Bitcoin investment is nevertheless very speculative. However, if the process continues to grow, so more and more companies are accepting bitcoin, there is a great possibility that Bitcoin could rise to $ 100,000 over the next decade. However, this presupposes a positive opinion of the general public on the subject of cryptic stimuli. Under these circumstances, the bitcoin moves closer in the direction of a possible value creation.
Despite the high price volatility, more and more people are opting for this option and consider bitcoin as part of their investment portfolio. There are many reasons for this:

It changes the possibility for transactions.

The concept of making payments online is already known for a long time: Credit cards, PayPal, Payoneer and transaction services have offered the comfortable service for years. Nevertheless, the Bitcoin offers advantages, since you can easily send money across borders. In addition, the bitcoin can be viewed as a bridge between the currencies. A high level of security and speed is the aim of every person who wants to carry out transactions. In this regard, the Bitcoin was able to make a clear difference to its rivals.

National regulations fail.

Japan has also accepted Bitcoin as a legal form of payment. In addition, the Federal Reserve could not regulate or define bitcoin. The central banks have little influence over the bitcoin, which leads to a growing credibility and transparency in the area of ​​the cryptocurrencies.

Exceptional technology.

The Bitcoin is titled as the "new gold" of the virtual world. Eric Schmidt, CEO of Google argues: "Bitcoin is an impressive cryptographic achievement. The ability to create something in the digital world that can not be copied has an enormous value. "

Constantly increasing value.

The world is focused on bitcoin. More and more organizations operating around the world are accepting Bitcoin as an international digital currency.

The IRS considers bitcoin as the currency

The Internal Revenue Service (IRS) gave the following statement:

"The IRS is aware that virtual currencies are capable of buying goods or services. In addition, they can serve as a value system. Virtual currencies are digital representations of value that can fulfill various functions. They are a medium of exchange between currencies, or a means of adding value. In some environments it is like "real" money. The Coin & Paper balance of the United States or another country, which it describes as a valid currency, circulates accordingly; it is also usually accepted as a medium of exchange in the respective country of issuance, but it does not have a valid payment status in any legal system. "

Bitcoin is an example of a changeable virtual currency. Apart from the fact that users can trade with the digital currency, there is the additional possibility that the Bitcoin can be exchanged for euro, US dollar or other real or virtual currencies. Looking at the tax side, the American government defines Bitcoin as a property.

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