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Topic: Fidelity Now Allowing Bitcoins In IRAs - page 2. (Read 2988 times)

legendary
Activity: 1138
Merit: 1001
December 11, 2013, 07:40:57 PM
#1
http://www.zerohedge.com/news/2013-12-11/fidelity-now-allowing-bitcoins-iras

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We are sure this will all end well... but as Marketwatch reports, Fidelity has partnered with SecondMarket’s Bitcoin Investment Trust to allow its clients to save for their retirement by putting the virtual currency in self-directed IRAs.

 

Via Marketwatch,

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“If you are a Fidelity client, you can now invest in the Bitcoin Investment Trust through an IRA,” said Barry Silbert, chief executive of SecondMarket, in an interview.
 
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MarketWatch previously reported that SecondMarket had teamed up with self-directed IRA providers PENSCO, Entrust and Equity Institutional  to allow investors to save for retirement with bitcoin.
 
Fidelity is the largest and most well-known company that SecondMarket has teamed up with for this, Silbert said, adding that he hopes to add a few more providers soon.

Edit: In case you didn't know

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FMR LLC (Fidelity Management and Research) or Fidelity Investments is an American multinational financial services corporation. It is one of the largest mutual fund and financial services groups in the world.

http://en.wikipedia.org/wiki/Fidelity_Investments
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