Bitcoin is the most fascinating thing to happen in finance in a while. It’s an anonymous currency that can’t be counterfeited or manipulated. It’s growing at an absurd rate, especially in 2017. It’s also hard to pay taxes on, as the current way of reporting is voluntary and bitcoins are more or less untraceable. Is it a viable investment opportunity? Given its tremendous growth — 180% since the start of 2017 —[no-bitcoin-copy-300x300.jpg](
some would say yes. Sure, it’s one of the most volatile investments you can make, but at least it makes a lot of money now. But is it something you should pour your entire retirement savings into? Absolutely not. New financial startups are popping up left and right to offer bitcoin-powered IRAs, letting you invest in cryptocurrencies and your retirement. As enticing as these IRAs might sound, you shouldn’t go anywhere near them. To get an idea of why, here are three things that could happen to your retirement money if you invest in a bitcoin IRA.