Bitcoin could be on the verge of a major new bull run. According to Tuur Demeester of Adamant Research, in his publication How to Position for the Bitcoin Boom<\/em><\/a>, we may be in the early stages of a new multi-year bull market that could propel bitcoin prices into six figures.<\/p>\n \u201cDuring this accumulation phase, we expect bitcoin to trade in a range of $22,000 to $42,000, until a new multi-year bull market pushes it well north of $120,000,\u201d Demeester noted.<\/p>\n Imagine securing a substantial allocation of bitcoin before this bull run begins\u2014an allocation that could appreciate completely tax-free, funded by an old retirement account that you might have totally forgotten about!<\/p>\n The first step is obtaining the tools you need to ensure your bitcoin is secure. A hardware wallet allows you to store your bitcoin keys offline, giving you full control of your funds. <\/p>\n Begin by purchasing a couple of hardware wallets, such as those offered by Trezor or Ledger. Unchained currently supports a range of devices, including the Ledger Nano X, Trezor Model T, and Coldcard Mk4. Check out the full list of hardware wallets Unchained supports<\/a>. <\/p>\n For optimal security, it\u2019s recommended to buy directly from the manufacturer, but purchasing from a trusted third-party retailer, like Best Buy, is also acceptable. This is especially true in the context of multisig which eliminates any single key as a single point of failure. <\/p>\n Make sure to get at least two wallets\u2014you\u2019ll need both to set up your Unchained IRA vault.<\/p>\n Next, go to Unchained and create an account<\/a>. The process is simple: provide your name, email, phone number, and create a strong password. Unchained takes your privacy seriously.<\/p>\n Once your account is created, select the type of account you need\u2014in this case we\u2019re creating an IRA account. If you prefer personalized assistance, consider opting for Unchained\u2019s Concierge Onboarding<\/a>, where a bitcoin custody expert will guide you through every step.<\/p>\n Now it\u2019s time to set up your IRA account. With an Unchained IRA, you can save bitcoin in a tax-advantaged manner while maintaining full control of your keys. There is no third-party risk because you hold the keys\u2014ensuring that no one else can access your bitcoin.<\/p>\n Setting up an account is straightforward\u2014there are no setup fees, account fees don\u2019t start until the second year<\/a>, and you can see trading fees on our pricing page<\/a>. Unchained\u2019s IRA offers both Traditional and Roth options, allowing you to choose the best fit for your retirement strategy.<\/p>\n After setting up your account, it\u2019s time to set up your multisig vault\u2014one of the most secure ways to secure bitcoin. Multisig requires more than one key to authorize a transaction, which mitigates the risks associated with custodian and exchange hacks<\/a>, bad business practices, or individual mistakes.<\/p>\n You can set up this secure multisig configuration in under an hour using Unchained\u2019s Self-Service Onboarding. Simply follow the guide at diy.unchained.com<\/a> to get started\u2014if you\u2019re using two hardware wallets to build your vault, you\u2019ll choose the Lead custody model.<\/p>\n Next, you\u2019ll need to fund your new IRA, and there are a few ways to do it: an IRA-to-IRA transfer, a 401(k)-to-IRA rollover, or an annual contribution. The most common method is rolling over funds from an existing 401(k) or IRA into your new Unchained IRA.<\/p>\n While this process can feel tedious\u2014particularly if your 401(k) administrator needs to issue you a physical check\u2014it is straightforward. Once you receive your funds, Unchained will convert them to bitcoin with our trading desk and deposit them into your IRA vault.<\/p>\nStep 1: Purchase hardware wallets<\/h2>\n
Step 2: Create an account on Unchained.com<\/h2>\n
Step 3: Create your Unchained IRA account\u2014with no setup or account fees for the first year!<\/h2>\n
Step 4: Follow the Self-Service guide for vault setup<\/h2>\n
Step 5: Roll over your existing 401k\/IRA<\/h2>\n