siliconindia | | December 20219BITCOIN & INFLATION!Bitcoin is also famous as virtual gold. Gold is the mere asset that is well-thought-out to lead a verge in contradiction to the core notion of inflation. Similar to gold, bitcoin correspondingly has a finite and scarce supply. However, bitcoin has tons of advantages compared to gold as you can instantly transport bitcoin from one wallet to another, and no government can govern these transactions. In addition, Bitcoin is expressively cheaper to hold. Finally, Bitcoin is divisible and has a utility as well.HOW TO INVEST IN BITCOIN FOR RETIREMENT?Bitcoin is an emerging asset, and one of the most popular to invest in bitcoin for retirement is with the help of an IRA. IRA stands for an individual retirement account, and you can invest your money in the form of bitcoin. Although the Bitcoin IRA is entirely similar to the traditional IRA, the three essential aspects of the bitcoin IRA include a custodian, an exchange, and secure storage.Eventually, bitcoin has a volatile nature with some inherent perils in contrast to the asset you usually choose for your retirement plan. However, investing in bitcoin for your retirement is one of the best ways to diversify your asset class. The fact that might amaze you bitcoin has given an annual return of almost 1000 percent since 2011, whereas gold has merely given a return of five percent annually. Not only bitcoin, but ethereum and Cardano are also correspondingly the future of the cryptocurrency industry.
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