The maximum annual return on buying a cryptocurrency will be 5%

Acorns app now allows investing in bitcoin

23.03.2022 - 10:00

51

1 min

What’s new? The customers of Acorns, a US fintech application, now have the opportunity to invest in bitcoin. The annual return on such transactions will be up to 5%. The developers announced this on their official Twitter account.

Source: Twitter.com

What else is known about the Acorns functionality? The users will be able to make investments by accumulating change from purchases in ready-made investment portfolios. The company stresses that this is not cryptocurrency trading, but a way of long-term diversification of investments.

Acorns Chief Investment Officer Seth Wunder called this option “a great way to introduce Americans to a new asset class.”

Acorns is a financial application used by more than 8,2 million people worldwide. The total amount of funds under management exceeds $3 billion.

Author:

Michael Golikov Michael Golikov

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