Introduction
Bitcoin Magazine is thrilled to announce its partnership with Unchained, the leading provider of Bitcoin financial services. This collaboration designates Unchained as the official Collaborative Custody and IRA partner of Bitcoin Magazine in the United States. Together, we aim to revolutionize the way institutional and enterprise investors interact with Bitcoin and its derivatives.
Overcoming Traditional Challenges
In the past, institutional and enterprise investors seeking exposure to Bitcoin have relied on large, publicly-traded custodians to manage their assets. However, this approach often nullifies the benefits of Bitcoin while increasing the risk of catastrophic loss. To address these challenges, Bitcoin Magazine and Unchained recognize the importance of properly holding Bitcoin to unlock its full potential within the global financial system.
The Collaborative Custody Solution
Unchained offers a groundbreaking solution through collaborative custody. This approach empowers investors to take ownership of their assets or distribute control among multiple trusted parties, thereby eliminating custodial risk. Collaborative custody has gained significant traction as a superior risk management strategy, providing investors with a more secure and efficient way to interact with Bitcoin.
Educational Content and Market Research
As part of our partnership, Bitcoin Magazine and Unchained will co-produce Bitcoin-only educational content. Our aim is to equip both new and current Bitcoin investors with the best tools and methods to achieve their financial goals. This content will cover various topics, including financial literacy, security, planning (such as 401k, IRA, and inheritance), and best-in-class market research.
Institutional Adoption Roadmap
To further support financial institutions in their interaction with the Bitcoin network, Bitcoin Magazine and Unchained will release an Institutional Adoption Roadmap. This comprehensive guide will provide insights into the benefits and strategies of collaborative custody, empowering institutions to navigate the Bitcoin landscape effectively.
Exclusive Benefits for Bitcoin Magazine Customers
Bitcoin Magazine customers will enjoy exclusive discounts on Unchained's vault custody product, Bitcoin IRA services, and Signature – Unchained's full suite of financial services. In addition to these benefits, Unchained's vault clients will receive complimentary access to Bitcoin Magazine Pro, our premier market research subscription. They will also receive printed issues of Bitcoin Magazine publications, discounts on passes to The Bitcoin Conference, and exclusive access to invite-only events.
Unchained's Vision and Commitment
Joe Kelly, CEO of Unchained, expressed his belief in the transformative power of Bitcoin, stating, "We believe that bitcoin is the most important thing to happen to money in hundreds of years." Unchained was founded to address the risks associated with leaving Bitcoin in the hands of a single custodian. By partnering with Bitcoin Magazine, Unchained aims to educate individuals and prevent the mistakes that have caused significant value loss in the past.
Bitcoin Magazine's Enthusiasm
Mike Germano, President of Bitcoin Magazine, shares his excitement about the partnership, stating, "Bitcoin is hitting an inflection point with a new wave of retail and institutional investors entering the space." Germano believes that educating individuals on how to best interact with Bitcoin is crucial, especially as the world has a unique opportunity to re-architect the financial system with Bitcoin as the foundation. He sees Unchained's custody model as the ideal way for people to integrate Bitcoin into their portfolios.
Reshaping Global Finance
Bitcoin Magazine and Unchained share a vision of Bitcoin as a revolutionary monetary system that will reshape global finance. To realize this vision, robust tools for secure and efficient capital management are essential. Unchained's unparalleled services empower Bitcoin as a necessary asset for all investors, from institutions to individuals. Together, we are determined to make this vision a reality.
About Bitcoin Magazine
Bitcoin Magazine, the world's first publication dedicated to Bitcoin, provides innovative ideas, breaking news, and global impact at the intersection of finance, technology, and Bitcoin. As a publication operated by BTC Media and headquartered in Nashville, Tennessee, Bitcoin Magazine serves an international readership. For the latest Bitcoin news, visit BitcoinMagazine.com.
About Unchained
Unchained is a leader in Bitcoin financial services, with a track record of helping individuals and businesses truly own their wealth by holding Bitcoin keys. Since its founding in 2016, Unchained has become a top 5 Bitcoin platform by securing over $4 billion worth of Bitcoin. Unchained's collaborative custody model allows clients to access a wide range of financial services while maintaining the benefits of self-custody. In these uncertain times, this model provides the ultimate consumer protection. For more information on Unchained, please visit www.unchained.com.
Frequently Asked Questions
Should You Invest Gold in Retirement?
This will depend on how much money and whether you were able to invest in gold at the time that you started saving. If you're unsure about which option to choose then consider investing in both.
In addition to being a safe investment, gold also offers potential returns. Retirees will find it an attractive investment.
While most investments offer fixed rates of return, gold tends to fluctuate. As a result, its value changes over time.
However, this does not mean that gold should be avoided. This just means you need to account for fluctuations in your overall portfolio.
Another benefit to gold is its tangible value. Gold is much easier to store than bonds and stocks. It can be easily transported.
As long as you keep your gold in a secure location, you can always access it. Plus, there are no storage fees associated with holding physical gold.
Investing in gold can help protect against inflation. It's a great way to hedge against rising prices, as gold prices tend to increase along with other commodities.
It's also a good idea to have a portion your savings invested in something which isn't losing value. Gold tends to rise when the stock markets fall.
Another advantage to investing in gold is the ability to sell it whenever you wish. Like stocks, you can sell your position anytime you need cash. You don't even have to wait until you retire.
If you do decide to invest in gold, make sure to diversify your holdings. Don't put all your eggs on one basket.
You shouldn't buy too little at once. Begin by buying a few grams. Continue adding more as necessary.
Don't expect to be rich overnight. It's not to get rich quickly, but to accumulate enough wealth to no longer need Social Security benefits.
Even though gold is not the best investment, it could be an excellent addition to any retirement plan.
What's the advantage of a Gold IRA?
The benefits of a gold IRA are many. It can be used to diversify portfolios and is an investment vehicle. You decide how much money is put in each account and when it is withdrawn.
You can also rollover funds from other retirement accounts to a gold IRA. This will allow you to transition easily if it is your decision to retire early.
The best thing is that investing in gold IRAs doesn't require any special skills. These IRAs are available at all banks and brokerage houses. You don't have to worry about penalties or fees when withdrawing money.
But there are downsides. Gold has historically been volatile. Understanding why you want to invest in gold is essential. Are you seeking safety or growth? Do you want to use it as an insurance strategy or for long-term growth? Only once you know, that will you be able to make an informed decision.
If you are planning to keep your Gold IRA indefinitely you will want to purchase more than one ounce. A single ounce will not be sufficient to meet all your requirements. You could need several ounces depending on what you plan to do with your gold.
A small amount is sufficient if you plan to sell your gold. You can even live with just one ounce. You won't be capable of buying anything else with these funds.
Should You Buy Gold?
Gold was considered a safety net for investors during times of economic turmoil in the past. Today, many people are looking to precious metals like gold and avoiding traditional investments like bonds and stocks.
While gold prices have been rising in recent years they are still low relative to other commodities, such as silver and oil.
Some experts think that this could change in the near future. Experts believe that gold prices could skyrocket in the face of another global financial crisis.
They also mention that gold is becoming more popular due to its perceived worth and potential return.
Here are some things to consider if you're considering investing in gold.
- Before you start saving money for retirement, think about whether you really need it. It's possible to save for retirement without putting your savings into gold. However, you can still save for retirement without putting your savings into gold.
- You should also be aware of what you are getting into before you buy gold. There are many types of gold IRA accounts. Each offer varying degrees of security and flexibility.
- Don't forget that gold does not offer the same safety level as a bank accounts. You may lose your gold coins and never be able to recover them.
Don't buy gold unless you have done your research. Protect your gold if you already have it.
Statistics
- If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal, so you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (forbes.com)
- You can only purchase gold bars at least 99.5% purity. (forbes.com)
- (Basically, if your GDP grows by 2%, you need miners to dig 2% more gold out of the ground every year to keep prices steady.) (smartasset.com)
- Instead, the economy improved, stocks rebounded, and gold plunged, losing 28 percent of its value in 2013. (aarp.org)
- This is a 15% margin that has shown no stable direction of growth but fluctuates seemingly at random. (smartasset.com)
External Links
forbes.com
- Gold IRA: Add Some Sparkle To Your Retirement Nest Egg
- Understanding China's Evergrande Crisis – Forbes Advisor
finance.yahoo.com
wsj.com
- Saddam Hussein's InvasionHelped Uncage a Bear In 90 – WSJ
- Are you interested in keeping gold in your IRA at-home? It's Not Exactly Legal – WSJ
law.cornell.edu
- 7 U.S. Code SS7 – Designation board of trade as contract marketplaces
- 26 U.S. Code SS 408 – Individual retirement account
How To
Three ways to invest in gold for retirement
It's crucial to understand where gold fits in your retirement strategy. There are several options to invest in precious metals if your employer has a 401k. It is also possible to invest in gold from outside of your work environment. One example is opening a custodial accounts at Fidelity Investments if an IRA (Individual Retirement Account), if you already own one. Or, if you don't already own any precious metals, you may want to consider buying them directly from a reputable dealer.
These are the three rules to follow if you decide to invest in gold.
- You can buy gold with your cash – No need to use credit cards or borrow money for investment financing. Instead, invest in cash. This will protect you from inflation and help keep your purchasing power high.
- Physical Gold Coins – Physical gold coins are better than a paper certificate. It's easier to sell physical gold coins rather than certificates. There are no storage fees for physical gold coins.
- Diversify your Portfolio – Don't put all your eggs in one basket. By investing in multiple assets, you can spread your wealth. This reduces risk and allows you to be more flexible during market volatility.
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By: Bitcoin Magazine
Title: Bitcoin Magazine Announces Partnership with Unchained: Revolutionizing Bitcoin Financial Services
Sourced From: bitcoinmagazine.com/press-releases/bitcoin-magazine-announces-partnership-with-unchained
Published Date: Tue, 13 Feb 2024 16:00:00 GMT
