With financial markets on shaky ground after the pandemic, the further worsening economic slowdown affecting nearly all countries has prompted people to rethink their investment choices. While people are looking for more stable investments, such as non-traditional platforms iTrustCapital are starting to receive more attention.
iTrustCapital, the leading alternative investment platform specializing in cryptocurrency and gold individual retirement accounts (IRA), has reported a significant change in investment trends in 2020 as it hit a milestone of more than 10,000 transactions. The platform attributes its latest achievement to investors who have converted their traditional securities-focused 401 (k) and IRA retirement accounts to alternative investment choices such as Bitcoin and Gold.
Commenting on Wall Street’s failure to ensure financial security, iTrustCapital Director of Client Experience Anthony Bertolino III said: “Clients are becoming increasingly frustrated with Wall Street and traditional financial institutions … They feel that existing investment services do not have their best interests in mind. When they ask traditional companies to invest in Bitcoin and physical gold through their retirement accounts, their requests usually fall on deaf ears as these companies typically only offer mutual funds and bonds. “
Physical gold has always been the preferred store of value and medium of exchange because of its intrinsic value. Recently, Bitcoin joined the ranks as Digital Gold as it has no direct correlation with the traditional financial instruments. The current economic scenario has rekindled interest in these two assets as people try to protect their investments and savings from loss of value.
iTrustCapital has shown strong growth in a very short time. Founded in 2018 by A. team of highly experienced professionalsiTrustCapital has created a new category of financial services for investors who may be under-served by traditional companies. The financial platform was officially launched in late 2019 and is quickly becoming one of the best places for clients looking to diversify their assets outside of the traditional financial system.
“We’ve built the world’s first IRA platform that gives clients the ability to not only invest in the fastest growing asset class – crypto assets – but also the robust and reliable investment choice of physical gold,” said Bertolino.
Over the past six months, iTrustCapital has witnessed a surge in average portfolio size, growing from $ 21,000 in January to more than $ 39,000 in August. The platform allows its clients to buy and sell cryptocurrencies and physical gold in real time, around the clock through their retirement accounts.
“One of the reasons customers feel comfortable with us is that we make the security and storage of assets our highest priority,” Bertolino said, in line with iTrustCapital’s founder and COO Blake Skadron’s view that the steady growth in portfolio size is due to increased client awareness and acceptability of alternative assets. Investors are also realizing the reliability of technology that enables investment in alternative assets and the security that platforms like iTrustCapital provide in these stressful times.