How To Set Up Your Own Bitcoin/Ethereum IRA

in #cryptocurrency7 years ago

 Authored by Eric Falkenstein via Falkenblog,

For the past couple of centuries technology empowered the state, put more things under its control. They have ultimate custody of all your financial assets, and custody is nine-tenths of the law. You simply can't hold $1M in financial assets in a form where 'The Man' can grab it if he finds you an enemy of the state, which in many states includes righteous men. 

Read full report here: http://www.zerohedge.com/news/2017-08-22/how-set-your-own-bitcoinethereum-ira

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"While I love Bitcoin, Ethereum is better because it builds contracts into the same blockchain, which creates greater functionality. "

A very interesting statement and one many agree with. The potential for ethereum might be greater than bitcoin.

Will holding BTC or ETH in an IRA be commonplace in the future? Perhaps. My feeling is the governments of the world are going to be so far behind the proverbial 8 ball on crypto that it matters little.

Your right governments will always try to figure out ways to control, tax and regulate.