Yeah, I looked into that as well - I think BitcoinIRA was the one I was looking at. The thing that kept me from pulling the trigger was mentioned by a previous poster. At least for that one, there's a 15% up front fee as well as yearly maintenance fees (having trouble finding specifics on those).

Instead, I'm taking retirement money and just buying btc directly along with other alts. We'll see if it pays off, but I didn't have a ton in my 401k to invest anyways.

bitconnect is a ponzi scheme that will fail eventually. if you have the opportunity to remove your money then do it as soon as possible and put your money into a real coin. you have been warned.

i've come across a couple people who have used bitcoinira.com to convert some of their retirement funds into BTC/ETH funds. i haven't looked into the details myself, but they both said to consider other options because the fees were quite high.

one of the problems with cryptocurrency retirement accounts that are administered by a fund is that they charge management/administration fees which are often quite high. this is one of the biggest complaints about GBTC, which trades at a significant premium to bitcoin because people don't need to worry about securing the coins themselves and because it is accessible via interfaces like E-trade (mainstream/average investors).

i've been told that there are ways to structure bitcoin holds yourself into retirement accounts. that way you'll save significant fees on administration. i don't know the details, though. but i think you should consider talking to one or more tax attorneys about it. you might save yourself a bundle by having a lawyer/CPA structure it for you so you can handle the security/administration yourself.

It depends on how much this money (for investment in Bitcoin) represents of your total wealth and total investable assets.

I believe in Bitcoin thoroughly, long term. However it would be too risky to invest all of your wealth in Bitcoin. The % you determine to be correct will be different for you than it will be for others. But if you're really new to this, start with 10% of your wealth as an investment in Bitcoin. Increase that percentage as you feel comfortable to do so.

As for the IRA option, it depends on what kind of IRA, which determines the tax treatment of the account (and the investments). I'm happy to discuss those options if you give me more detail.

Good luck to you.