LONG BEACH, Calif. – August 9, 2021 – iTrustCapital, the world’s largest Crypto IRA investment platform, is breaking Bitcoin trends with baby boomers as most of its investors comprise 45-65-year-old professionals with sizable retirement accounts.
These investors believe in cryptocurrency as an alternative asset class over the long term, and want tax-advantaged access through their IRA retirement accounts. iTrustCapital has made the process simple and secure by providing 24/7 trading access with live customer support using a legal, insured, and IRS-compliant platform, with the lowest fees in the industry.
iTrustCapital is bucking the trend when it comes to customer age demographics. While the average aged crypto investor is typically 23-29 years old, iTrustCapital clients typically fall between the 45-65 year age range. The company is well-positioned to capitalize on the growing appetite for crypto from long-term investors, as it boasts the lowest fees among all other Crypto IRA providers.
The platform surpassed $2.2 billion in total trade volume since the platform launched two years ago, on July 8, 2019. Since its inception, the company has attracted more than 57,000 IRA accounts, with more than 15,000 active monthly users generating nearly $23 million in revenues year-to-date. As boomers realize that digital assets & cryptocurrency can dramatically increase in value, they are seeking ways to protect their savings from the threat of inflation.
The company’s recent move to integrate with Coinbase Custody comes as the value of the cryptocurrency markets has surged over the last year, putting more responsibility on operators to safeguard funds against attacks.
Despite recent market volatility, enthusiasm for Bitcoin and cryptocurrencies as a long-term value investment hasn’t been dampened, and baby boomers realize the potential long-term benefits of these digital assets.
About $150 billion of capital sits in a system of niche self-directed IRAs that are hard to use, cost a lot of money, and leave investors with all of the administrative and due diligence risk. Transforming this system will unleash $35 trillion worth of U.S. retirement assets into alternatives. iTrustCapital estimates Crypto IRA’s and other alternative asset retirement accounts will surpass $1.5 trillion within seven years.
iTrustCapital set out to simplify the Crypto IRA investment process, empowering millions of investors who would like to participate in the economic growth that a blockchain future holds.
For a list of digital assets currently available on the platform or for more information about iTrustCapital, visit itrustcapital.com.
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