As of now, you have to feel terribly worried about the US economy. The US dollar is in the toilet. Unemployment has recently reached record levels because of the coronavirus pandemic.
And even though there’s a vaccine, the economic fallout from Covid 19 doesn’t seem like it’ll end anytime soon. At this rate, families would love it if they could get their kids back in school.
What does this have to do with a cryptocurrency IRA? Honestly, it has everything to do with it.
The economic future of America is in turmoil. The US dollar is about to lose massive value due to hyperinflation. For example: instead of paying $4 for a loaf of bread at the grocery store, you’ll pay $8 or more.
With your current savings rate, can you afford to eat and pay your bills after you retire? Remember, between Social Security and your 401(k), you’ll likely have a lot less cash flow in your later years.
Take steps now to grow your wealth by leaps and bounds. Consider a cryptocurrency IRA for 2021 and beyond.
I’ll tell you a few reasons why this is such an amazing opportunity right now.
Capitalize on Major Tax Advantages
Believe it or not, the Internal Revenue Service provides a loophole to self-directed IRA account holders that offer massive tax benefits.
Those benefits include:
- Tax-deferred contributions – if you open a traditional self-directed IRA account, your contributions are made using pretax dollars. As the account holder, you get to defer paying taxes on the funds in this account until you take distributions in retirement. This means you can use more of your money to fund your retirement investments.
- Tax-free contributions – opening a Roth self-directed IRA means you’ll fund the account with money that was already taxed. This is a great situation for investors. You get to keep everything that you earn in a tax-free account. You already paid taxes on these funds. So, the earnings are 100% tax-free and yours to keep and spend in retirement.
How great is that? These colossal tax benefits will go a long way to helping you live a comfortable and secure retirement. And because you’re investing in cryptocurrencies, the opportunity to gain enormous wealth fast has never been greater.
The US Dollar Is in Bad Shape
I hate to break it to you, but the US economy and the dollar are struggling big time right now. Small businesses are desperate for stimulus because politicians refuse to let them reopen.
What does stimulus mean? It means printing a.k.a. borrowing more money to add to the US national debt.
Do you think this will help the US dollar? Or will it devalue the American currency even further?
Obviously, this is going to hurt the US dollar tremendously. And the longer the politicians artificially keep businesses closed, the worse the US dollar will suffer.
Think about it…
If businesses remain closed, major cities lose massive amounts of tax revenue. They will turn around and raise taxes to make up for the shortfall. But since so many people are out of work and making less money, they’ll spend much less. This will create a cataclysmic scenario that ultimately damages the US dollar beyond repair for a while.
Enter cryptocurrency.
Today, Bitcoin is worth $52,000! Ethereum is worth $1610. Ripple is at $.54 and Litecoin is $229.
One year ago, Bitcoin was worth $3966. Ethereum was worth $81. Ripple was worth $.11 and Litecoin traded for $25.
In some cases, these investments gained tenfold value or more!
It’s pretty safe to say that big money is heavily invested in crypto. Major financial institutions, institutional investors, worldwide governments, and global businesses have invested trillions in these currencies at this point.
Guess what? Cryptocurrencies aren’t going away. But if you invest now while they’re still relatively new, you can make a mint for your retirement.
Cryptocurrency Supply Limitations Keep Inflation in Check
Nobody is ever going to step in one day and create millions of more Bitcoins to devalue them. The anonymous designers created 21 million Bitcoins. Once they’re all mined, there will never be any new ones again.
Believe it or not, this is a good thing.
The United States prints money like it’s going out of style. That’s why the national debt is currently $28 trillion at the moment. And it’s poised to add $2 trillion more to the national debt. It will happen as soon as Biden’s next stimulus relief package goes through.
The beauty of cryptocurrencies is they’re never going to experience hyperinflation. By keeping the supply limited, there will always be a finite amount. And that finite amount will always possess tremendous value. Why? Because there are more than 7 billion people on earth vying for those 21 million Bitcoins.
It’s a supply and demand thing. The less the supply, the more the demand. And the greater the demand, the more valuable your cryptocurrencies remain.
I’m speaking mostly about Bitcoin because it’s the most popular cryptocurrency. But other cryptocurrencies also have supply limitations built into the protocol.
You want this as an investor. You want to know that no government or financial institution will ever step in and dilute your investment. You do not want political hacks and corrupted governments messing with your wealth. And as a cryptocurrency investor, you never have to worry about this happening to you now or in the future.
Bottom Line
At this stage of the game, I hope you truly understand the value of a cryptocurrency IRA in 2021. It’s one of the best investments going right now. And it could set up your retirement future so that you’ll never have to worry about living uncomfortable again.
I cannot guarantee that the value of cryptocurrencies will remain this high in the short-term. But over the long term, as you work toward retirement, you’ll continue to gain more and more value as the years pass. This investment can truly change your life and help you live securely in your later years.
