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Should You Invest in a Bitcoin IRA?

TheMotleyFool

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If you've decided that the risks of Bitcoin (CRYPTO: BTC) are worth the rewards, you might be worried about getting hit with a big tax bill. When you trade Bitcoin, you're subject to capital gains taxes, which could be substantial given the cryptocurrency's wild ups and downs.

One work-around is to invest in a Bitcoin IRA, or individual retirement account. As with any IRA, you're shielded from paying taxes on transactions within the account. But is that enough to justify the risks of investing your IRA funds in Bitcoin?

Image source: Getty Images.

Source Fool.com

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