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Bitcoin IRA Reports Clients Invested Over $100M in 'IRA Earn' Program
The new program allows investors to deposit funds into a self-directed retirement account.
Oleh Tanzeel Akhtar
Retirement savings platform Bitcoin IRA said on Friday over $100 million has been invested in its new interest-earning program in 30 days.
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- In an announcement, the Los Angeles-based company said the new IRA Earn program allows investors to deposit funds into a self-directed retirement account earning 6% annual percentage yield on cash, 2.7% on ethereum and 2% on bitcoin.
- On Tuesday, Bitcoin IRA Chief Operating Officer Chris Kline appeared on CoinDesk TV to discuss the rapid growth of the platform the IRA Earn program.
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Bitcoin Jumps to $99K as Spiking Coinbase Premium Points to Strong U.S. Buying
Spot BTC prices were at times $300 pricier on Coinbase relative to Binance, suggesting the rally may be driven by heavy demand from American investors.
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- Bitcoin surged towards $100,000 on Wednesday's U.S. trading session, gaining 3.2% in the past 24 hours.
- The rally coincided with significant spot BTC price premium on Coinbase.
- Fed Chair Jerome Powell called bitcoin a competitor to gold during a panel discussion.
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