This article will explain some of the eligibility requirements to purchase bitcoin with your k funds by moving it into a Bitcoin IRA, show you the benefits of making this move, and describe the three steps that go into getting started. Confirm you are eligible to establish a Bitcoin k. On top of that, IRS guidelines allow these sorts of IRAs to invest in a complete assortment of different assets, including bitcoin. Skip to content Menu Close Blog. By treating bitcoins and other virtual currencies as property and not currency, the IRS is imposing extensive record-keeping rules — and significant taxes — on its use. Some digital currencies including bitcoin have a hard limit on how many tokens are available. Regulators around the world have worked hard to frame appropriate guidelines.