Self-Directed Gold IRAs are a fantastic option to invest in gold, without having to deal problems associated with purchasing physical bullion. This type of account allows investors to buy gold straight from the federal government and store it in their own name. Although many prefer to have tangible gold items, all has access to it. In addition physical gold is expensive and can be difficult to … [Read more...]
El Salvador’s Bold Move: Securing Bitcoin Reserves in Cold Storage
On March 14, 2024, El Salvador made headlines as President-elect Nayib Bukele revealed a groundbreaking decision to transfer a significant portion of the country's Bitcoin holdings into a secure cold storage vault within its borders. This move marks a crucial milestone in El Salvador's Bitcoin journey following the enactment of the Bitcoin Law, garnering both praise and skepticism on a … [Read more...]
What is gold backed ira
Self-Directed Gold IRAs are a fantastic option to invest in gold without dealing difficulties associated with purchasing physical bullion. This type of account permits investors to buy gold directly from the government and store it in their name. While many people prefer to have physical gold, not everyone has access to it. Additionally, physical gold is expensive and difficult to transport. … [Read more...]
Comparing Different Approaches to Holding Bitcoin in an IRA
If you understand why bitcoin is an asset to hold for the long term, you may also wonder how to take advantage of retirement tax structures to minimize your tax expenditures. There are many different ways to approach holding bitcoin in an IRA, and as with everything in bitcoin, each has its trade-offs. Let’s look at how the many different bitcoin IRA approaches compare. The Importance of … [Read more...]
The Long-Term Impact of Spot Bitcoin ETFs: A Comparison to Gold
Understanding the Underestimated Potential Vaneck's Director of Digital Assets Strategy, Gabor Gurbacs, sheds light on the long-term impact of spot bitcoin exchange-traded funds (ETFs) and why it is often underestimated. With the potential approval of a U.S. spot bitcoin ETF by the Securities and Exchange Commission (SEC), Gurbacs believes that bitcoin's price trajectory could emulate … [Read more...]
The Predicted Price of Bitcoin by the End of 2024: Expert AI Chatbot Insights
Introduction In November 2023, six AI-driven chatbots were queried to forecast the value of bitcoin by year-end, with their projections spanning from $15,000 to $45,000 per bitcoin. As of the initial week of January 2024, bitcoin's trading value reached $47,000, coinciding with the approval of 11 spot bitcoin exchange-traded funds (ETFs) in the U.S. With the bitcoin halving event on the … [Read more...]
NFT Sales Surge by 3.74% to Reach $236 Million in a Week
The NFT market has seen a significant boost in sales, defying recent trends of decline. In the past seven days, NFT sales have reached a staggering $236,234,800, marking a 3.74% increase compared to the previous week. Top-Performing NFT Collections Among the top-performing NFT collections this week, Bitcoin's "Uncategorized Ordinals" takes the lead with $12 million in sales, … [Read more...]
Genesis Settles SEC Lawsuit for $21 Million Over Unregistered Securities
Genesis Global Holdco, a subsidiary of Digital Currency Group, has reached a significant milestone in resolving a lawsuit with the Securities and Exchange Commission (SEC). The company has agreed to a $21 million settlement to address allegations related to its crypto lending practices, specifically concerning the unregistered offer and sale of securities through its Gemini Earn … [Read more...]
Ethereum Technical Analysis: ETH Trade Volume Remains Low Amid Selling Pressure
Overview On January 29, 2024, the price dynamics of ethereum display a nuanced interplay of market elements. The current price of ether stands at $2,247, with a 24-hour range fluctuating between $2,246 and $2,284. Despite its substantial market capitalization of $270 billion, the trading volume of ether remains modest, hinting at possible investor wariness. Ethereum Hourly Chart The hourly chart … [Read more...]
GBTC Sheds Almost 125,000 Bitcoin While 9 Fresh ETFs Gather Over 160,000
Decrease in GBTC Holdings In the most recent update, Grayscale's Bitcoin Trust (GBTC) experienced a decrease of 4,461.36 bitcoin, valued at approximately $190.53 million, over the past day. Since Jan. 12, 2024, GBTC has observed a cumulative reduction of about 124,967.54 bitcoin, equivalent to an estimated $5.33 billion. Growth of Fresh ETFs Meanwhile, the nine recently launched spot bitcoin … [Read more...]
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