A new invention was made by Bitcoin-Ira, the company says that the calculator allow users to figure potential returns on their bitcoin investments. It also compares against returns they could have made on other firms.

The bitcoin investment calculator is designed to help people who have an IRA or 401(K) and also to new investors looks forward to start saving for retirement, said the group to the press.

According to the press released, "Through comparing potential returns from bitcoin with traditional investments, they can better determine the risks and benefits associated with each option,"

The new calculator, follows the latest launch of the company's free investment guide which was available to the public by download.

Reaching $500,000 USD in total investments made on the platform Bitcoin-IRA hit the milestone. To celebrate its success, the company offered a 1 percent rebate in real silver for every new investment account opened on the website.

The company touts bitcoin as a way for investors to build their retirement portfolios while protecting their savings against market turmoil, they pointed it out on their marketing literature.

Bitcoin has seen sustainability which highs throughout 2016. Recently, after keeping steady in the $550-$600 range for several weeks, the bitcoin price skyrocketed to levels nearing $640. At present time, the currency's value sits at $638.

The most important currency innovations in decades is Bitcoin, said Bitcoin IRA chief strategist Ed Moy.  He further added, that it is a decentralized, global form of money, so its value isn't tied to the economy of any one specific country. Bitcoin makes it an excellent way to diversify your investments.

Bitcoin IRA is a pioneering firm in the use of bitcoin as an investment option for retirement. It offers a unique alternative for self-directed IRAs. It works with FinTech industry leaders to provide secure, high-quality bitcoin investments.