Hey there, crypto enthusiasts! If you thought Bitcoin's recent performance was impressive, hold onto your hats because the latest news will blow you away. In the last 19 days, Bitcoin skyrocketed from $98,000 to an all-time high of $118,820, showcasing its growing reputation as a reliable store of value and a smart investment choice.
The Rise of IBIT: Redefining ETF Records
Breaking Barriers with BlackRock’s iShares Bitcoin Trust
BlackRock's iShares Bitcoin Trust (IBIT) has rewritten the playbook by smashing ETF records. In just 374 days, IBIT surged past $80 billion in assets under management, leaving competitors in the dust. This rapid ascent trounced the previous record held by Vanguard S&P 500 ETF (VOO) that took a staggering 1,814 days to achieve the same milestone.
The Meteoric Growth of IBIT
Surpassing Expectations with Over 706,000 BTC
Currently valued at $83 billion and holding a whopping 706,000 BTC, IBIT has secured its position as the 21st largest ETF in the US market. Just two days ago, IBIT hit a new peak of $63.58, reflecting the immense demand for Bitcoin and signaling a trend that shows no signs of slowing down.
The Labor of Bitcoin Acquisition
The Hours of Hard Work Behind Each Bitcoin
Ever wondered how much effort it takes to buy a single Bitcoin? According to Anil Patel's latest data, the average American needs to work 3,766 hours, equivalent to almost two years of labor at the typical US wage rate, just to acquire one Bitcoin. It's a hefty investment, but one that many believe is worth the toil.
Bitcoin's Triumph as the Currency Champion of 2025
Outpacing Fiat Currencies with a Stellar 18.2% Gain
Bank of America Global Research's recent report has crowned Bitcoin as the top-performing currency of 2025, boasting an impressive 18.2% surge against the US dollar year-to-date. This places Bitcoin ahead of traditional stalwarts like the Swedish krona, Swiss franc, and Euro, solidifying its position as a powerhouse in the global monetary landscape.
Bitcoin's Ascension in Market Capitalization
Surpassing Amazon and Climbing to the 5th Spot
Bitcoin has reclaimed its throne among the world's most valuable assets, overtaking Amazon to become the 5th largest asset by market cap. With a total market capitalization of $2.36 trillion and a price tag of $118,820, Bitcoin now stands shoulder to shoulder with tech giants like Apple, Microsoft, and NVIDIA.
The Battle of the Shorts: Liquidations Galore
A Whopping $463 Million in Liquidated Bitcoin Short Positions
In the recent surge, over $463 million worth of Bitcoin short positions have been liquidated, with more on the brink. Coinglass data reveals that an additional $1.5 billion in short positions are at risk of liquidation if Bitcoin breaches the $120,000 mark. The stakes are high, and the crypto rollercoaster shows no signs of slowing down!
Ready to ride the Bitcoin wave? Stay tuned for more updates, and remember, fortune favors the bold in the world of crypto!
Frequently Asked Questions
Should You Invest in gold for Retirement?
It depends on how much you have saved and if gold was available at the time you started saving. If you are unsure of which option to invest in, consider both.
You can earn potential returns on your investment of gold. It's a great investment for retirees.
Most investments have fixed returns, but gold's volatility is what makes it unique. As a result, its value changes over time.
This doesn't mean that you should not invest in gold. It is important to consider the fluctuations when planning your portfolio.
Another benefit to gold is its tangible value. Gold is more convenient than bonds or stocks because it can be stored easily. It can be easily transported.
You can always access your gold as long as it is kept safe. Additionally, physical gold does not require storage fees.
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 rises in the face of a falling stock market.
Investing in gold has another advantage: you can sell it anytime you want. You can also liquidate your gold position at any time you need cash, just like stocks. You don't have to wait for retirement.
If you do decide to invest in gold, make sure to diversify your holdings. You shouldn't try to put all of your eggs into one basket.
Also, don't buy too much at once. Start with just a few drops. Add more as you're able.
Keep in mind that the goal is not to quickly become wealthy. Rather, it's to build up enough wealth so you won't need to rely on Social Security benefits.
Gold may not be the most attractive investment, but it could be a great complement to any retirement strategy.
Can I keep a Gold ETF in a Roth IRA
You may not have this option with a 401(k), however, you might want to consider other options, like an Individual retirement account (IRA).
A traditional IRA allows for contributions from both employer and employee. You can also invest in publicly traded businesses by creating an Employee Stock Ownership Plan (ESOP).
An ESOP offers tax benefits because employees can share in the company stock and any profits that it generates. The money in the ESOP can then be subject to lower tax rates than if the money were in the individual's hands.
A Individual Retirement Annuity is also possible. With an IRA, you make regular payments to yourself throughout your lifetime and receive income during retirement. Contributions to IRAs will not be taxed
How Much of Your IRA Should Be Made Up Of Precious Metals
The most important thing you should know when investing in precious metals is that they are not just for wealthy people. You don’t need to have a lot of money to invest. You can actually make money without spending a lot on gold or silver investments.
You may consider buying physical coins such as bullion bars or rounds. Stocks in companies that produce precious materials could be purchased. You might also want to use an IRA rollover program offered through your retirement plan provider.
You will still reap the benefits of owning precious metals, regardless of which option you choose. Even though they aren't stocks, they still offer the possibility of long-term growth.
And unlike traditional investments, they tend to increase in value over time. If you decide to make a sale of your investment in the future, you will likely realize more profit than with traditional investments.
Can the government take your gold
You own your gold and therefore the government cannot seize it. You earned it through hard work. It belongs to your. This rule could be broken by exceptions. For example, if you were convicted of a crime involving fraud against the federal government, you can lose your gold. Your precious metals can also be lost if you owe tax to the IRS. You can keep your gold even if your taxes are not paid.
What is the best precious-metal to invest?
Answering this question will depend on your willingness to take some risk and the return you seek. Although gold has traditionally been considered a safe investment choice, it may not be the most profitable. For example, if your goal is to make quick money, gold may not suit you. If patience and time are your priorities, silver is the best investment.
If you're not looking to make quick money, gold is probably your best choice. However, silver might be a better option if you're looking for an investment that provides steady returns over long periods.
Statistics
- You can only purchase gold bars at least 99.5% purity. (forbes.com)
- The price of gold jumped 131 percent from late 2007 to September 2011, when it hit a high of $1,921 an ounce, according to the World Gold Council. (aarp.org)
- (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)
- Contribution limits$6,000 (49 and under) $7,000 (50 and up)$6,000 (49 and under) $7,000 (50 and up)$58,000 or 25% of your annual compensation (whichever is smaller) (lendedu.com)
- 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)
External Links
wsj.com
- Saddam Hussein's InvasionHelped Uncage a Bear In 90 – WSJ
- How do you keep your IRA Gold at Home? It's Not Exactly Lawful – WSJ
finance.yahoo.com
irs.gov
law.cornell.edu
- 7 U.S. Code SS7 – Designation of boards for trade as contract markets
- 26 U.S. Code SS 408 – Individual retirement funds
How To
Tips for Investing Gold
Investing in Gold remains one of the most preferred investment strategies. This is due to the many benefits of investing in gold. There are several ways to invest in gold. Some people purchase physical gold coins. Others prefer to invest their money in gold ETFs.
You should consider some things before you decide to purchase any type of gold.
- First, you must check whether your country allows you to own gold. If the answer is yes, you can go ahead. You can also look at buying gold abroad.
- The second is to decide which kind of gold coin it is you want. You can choose between yellow gold and white gold as well as rose gold.
- Thirdly, you should take into consideration the price of gold. Start small and build up. You should diversify your portfolio when buying gold. Diversifying assets should include stocks, bonds real estate mutual funds and commodities.
- You should also remember that gold prices can change often. Be aware of the current trends.
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By: Oscar Zarraga Perez
Title: Bitcoin Surges to Record Highs with IBIT Breaking ETF Records
Sourced From: bitcoinmagazine.com/news/bitcoin-hits-new-all-time-high-as-ibit-breaks-etf-records
Published Date: Fri, 11 Jul 2025 16:04:15 +0000
