iTrust Capital CEO Says Half of Clients Are Buying Bitcoin
(3 hours ago) · 1 source · Summarized by CryptoBipto
Kevin Maloney, CEO of iTrust Capital, stated that approximately 50% of the platform's clients are purchasing Bitcoin. The company reportedly manages around $1.3 billion in assets.
WHY IT MATTERS
A retirement account (like an IRA) is a special type of savings account that gives you tax benefits when you save money for retirement. Normally, people put stocks or bonds in these accounts. iTrust Capital is a company that lets people put Bitcoin and other cryptocurrencies into these retirement accounts instead. Think of it like a regular piggy bank for retirement, but one that can hold digital currencies. The CEO saying half his clients are buying Bitcoin shows that some people are treating Bitcoin not just as something to trade quickly, but as a long-term savings tool — similar to how people might hold stocks or gold for decades in their retirement funds.
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- bitcoinmagazine.com
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