MicroStrategy and Bitcoin Magazine have collaborated to introduce "Bitcoin for Corporations" at The Bitcoin Conference in Nashville, Tennessee on July 25, 2024. This joint venture aims to propel corporate Bitcoin adoption by providing a wealth of resources and educational content to business leaders worldwide.
Strategic Partnership for Bitcoin Adoption
The strategic partnership between Bitcoin Magazine and MicroStrategy signifies a shared commitment to advancing Bitcoin adoption and education on a global scale. Michael Saylor, the Co-founder, and Executive Chairman of MicroStrategy, made the announcement live during the 2024 Bitcoin Conference.
Comprehensive Resource Hub
Bitcoin for Corporations combines the expertise of Bitcoin Magazine and MicroStrategy to create a comprehensive resource hub for companies at all stages of their Bitcoin journey. MicroStrategy has already paved the way for enterprise adoption by integrating a Bitcoin for Corporations track into their MicroStrategy World conference series.
Co-Branded Web Platform
The collaboration will introduce a co-branded web platform offering curated content, newsletters, and success stories from industry leaders who have successfully implemented corporate Bitcoin strategies. Tailored educational materials and tools will be available for C-Level executives, along with structured outreach programs and VIP access to annual in-person conferences.
Membership Tiers and Benefits
Bitcoin for Corporations offers various membership tiers, including Executive Partner, Premier Member, and Industry Member, each with unique benefits such as exclusive strategic content, master class inclusion, and VIP event access. This structured approach aims to cater to different levels of interest and engagement within the corporate sector.
About Bitcoin Magazine
Bitcoin Magazine, based in Nashville, Tennessee, is the world's first publication dedicated to covering Bitcoin. It provides innovative ideas, breaking news, and global impact at the intersection of finance, technology, and Bitcoin. Bitcoin Magazine is published by BTC Media. For the latest Bitcoin news, visit BitcoinMagazine.com.
About MicroStrategy
MicroStrategy (Nasdaq: MSTR) positions itself as the world's first Bitcoin development company. As a publicly-traded operating company, MicroStrategy is dedicated to advancing the Bitcoin network through financial market activities, advocacy, and technology innovation. The company uses cash flows, equity, and debt financing to accumulate Bitcoin as its primary treasury reserve asset. MicroStrategy also develops cutting-edge AI-powered enterprise analytics software and is actively working on Bitcoin applications. For more information, visit www.microstrategy.com.
MicroStrategy is a registered trademark of MicroStrategy Incorporated in the United States and other countries. Any other product or company names mentioned may be trademarks of their respective owners.
For more information on Bitcoin for Corporations, please visit b.tc/corporations.
To inquire further or schedule an interview, please contact George Mekhail at George@b.tc.
Frequently Asked Questions
How much of your portfolio should be in precious metals?
Before we can answer this question, it is important to understand what precious metals actually are. Precious Metals are elements that have a very high relative value to other commodities. This makes them highly valuable for both investment and trading. Today, gold is the most commonly traded precious metal.
But, there are other types of precious metals available, including platinum and silver. The price of gold fluctuates, but it generally remains stable during times of economic turmoil. It also remains relatively unaffected by inflation and deflation.
All precious metals prices tend to rise with the overall market. However, the prices of precious metals do not always move in sync with one another. For example, when the economy is doing poorly, the price of gold typically rises while the prices of other precious metals tend to fall. This is because investors expect lower rates of interest, which makes bonds less attractive investments.
However, when an economy is strong, the reverse effect occurs. Investors favor safe assets like Treasury Bonds, and less precious metals. Because they are rare, they become more pricey and lose value.
To maximize your profits when investing in precious metals, diversify across different precious metals. Additionally, since the prices of precious metals tend to rise and fall together, it's best to invest in several different types of precious metals rather than just focusing on one type.
What is a Precious Metal IRA and How Can You Benefit From It?
You can diversify your retirement savings by investing in precious metal IRAs. This allows you to invest in gold, silver and platinum as well as iridium, osmium and other rare metals. These are “precious metals” because they are hard to find, and therefore very valuable. They are great investments for your money, and they can protect you from inflation or economic instability.
Precious metals are often referred to as “bullion.” Bullion refers actually to the metal.
You can buy bullion through various channels, including online retailers, large coin dealers, and some grocery stores.
With a precious metal IRA, you invest in bullion directly rather than purchasing shares of stock. This will ensure that you receive annual dividends.
Unlike regular IRAs, precious metal IRAs don't require paperwork or annual fees. Instead, you only pay a small percentage on your gains. You also have unlimited access to your funds whenever and wherever you wish.
What precious metals can you invest in for retirement?
Silver and gold are two of the most valuable precious metals. They're both easy to buy and sell and have been around forever. They are a great way to diversify your portfolio.
Gold: The oldest form of currency known to man is gold. It is stable and very secure. Because of this, it's considered a good way to preserve wealth during times of uncertainty.
Silver: Silver has been a favorite among investors for years. It's an ideal choice for those who prefer to avoid volatility. Silver tends instead to go up than down, which is unlike gold.
Platinium is another precious metal that is becoming increasingly popular. It's resistant to corrosion and durable, similar to gold and silver. It's also more expensive than the other two.
Rhodium: The catalytic converters use Rhodium. It is also used to make jewelry. And, it's relatively cheap compared to other types of precious metals.
Palladium – Palladium is an alternative to platinum that's more common but less scarce. It is also cheaper. This is why it has become a favourite among investors looking for precious metals.
Can I keep physical gold in an IRA?
Not only is gold paper currency, but it's also money. It's an asset that people have used for thousands of years as a store of value, a way to keep wealth safe from inflation and economic uncertainty. Today, investors use gold as part of a diversified portfolio because gold tends to do better during financial turmoil.
Many Americans now invest in precious metals. Even though owning gold is not a guarantee of making money, there are many reasons why you might want to add gold to your retirement savings portfolio.
One reason is that gold has historically performed better than other assets during periods of financial panic. Gold prices rose nearly 100 percent between August 2011 and early 2013, while the S&P 500 fell 21 percent over the same period. During these turbulent market times, gold was among few assets that outperformed the stocks.
Gold is one of the few assets that has virtually no counterparty risks. Your shares will still be yours even if your stock portfolio drops. But if you own gold, its value will increase even if the company you invested in defaults on its debt.
Finally, gold offers liquidity. This allows you to sell your gold whenever you want, unlike many other investments. You can buy gold in small amounts because it is so liquid. This allows one to take advantage short-term fluctuations within the gold price.
What is the value of a gold IRA
There are many advantages to a gold IRA. It's an investment vehicle that lets you diversify your portfolio. You can control how much money is deposited into each account as well as when it's withdrawn.
You have the option of rolling over funds from other retirement account into a gold IRA. This is a great way to make a smooth transition if you want to retire earlier.
The best part about gold IRAs? You don't have to be an expert. These IRAs are available at all banks and brokerage houses. You don't have to worry about penalties or fees when withdrawing money.
However, there are still some drawbacks. Gold is known for being volatile in the past. Understanding why you want to invest in gold is essential. Do you want safety or growth? Is it for insurance purposes or a long-term strategy? Only after you have this information will you make an informed decision.
If you want to keep your gold IRA open for life, you might consider purchasing more than one ounce. One ounce won't be enough to meet all your needs. You may need several ounces, depending on what you intend to do with your precious gold.
You don’t necessarily need a lot if you’re looking to sell your gold. You can even manage with one ounce. But you won't be able to buy anything else with those funds.
What is the cost of gold IRA fees
A monthly fee of $6 for an Individual Retirement Account is charged. This fee includes account maintenance fees as well as any investment costs related to your selected investments.
You may have to pay additional fees if you want to diversify your portfolio. These fees will vary depending upon the type of IRA chosen. Some companies offer free checking accounts, but charge monthly fees to open IRA accounts.
In addition, most providers charge annual management fees. These fees can range from 0% up to 1%. The average rate per year is.25%. These rates can be waived if the broker is TD Ameritrade.
Who holds the gold in a gold IRA?
The IRS considers gold owned by an individual to be “a type of money” and is subject taxation.
To be eligible for the tax-free status, you must possess at least $10,000 gold and have had it stored for at least five consecutive years.
Owning gold can also help protect against inflation and price volatility, but it doesn't make sense to hold gold if you're not going to use it.
If you plan on selling the gold someday, you'll need to report its value, which could affect how much capital gains taxes you owe when you cash in your investments.
A financial planner or accountant should be consulted to discuss your options.
Statistics
- 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)
- You can only purchase gold bars at least 99.5% purity. (forbes.com)
- This is a 15% margin that has shown no stable direction of growth but fluctuates seemingly at random. (smartasset.com)
- If you take distributions before hitting 59.5, you'll owe a 10% penalty on the amount withdrawn. (lendedu.com)
External Links
forbes.com
- Gold IRA, Add Sparkle to Your Retirement Nest egg
- Understanding China's Evergrande Crisis – Forbes Advisor
investopedia.com
law.cornell.edu
- 7 U.S. Code SS7 – Designation board of trade as contract marketplaces
- 26 U.S. Code SS 408 – Individual retirement funds
finance.yahoo.com
How To
A growing trend: Gold IRAs
As investors look for ways to diversify their portfolios and protect themselves against inflation, the gold IRA trend is on the rise.
Gold IRA owners can now invest in physical gold bullion or bars. It is a tax-free investment that can be used to grow wealth and offers an alternative investment option to those who are concerned about stocks or bonds.
Investors can have confidence in their investments and avoid market volatility with a gold IRA. They can use the gold IRA to protect themselves against inflation and other potential problems.
Investors also benefit from physical gold's unique properties, such as durability and portability.
Additional benefits of the gold IRA include the ability to quickly pass ownership to heirs. Additionally, the IRS does not consider gold a money or a commodity.
This is why the gold IRA has become increasingly popular with investors looking to provide financial security during times of financial uncertainty.
—————————————————————————————————————————————————————————————–
By: Bitcoin Magazine
Title: MicroStrategy and Bitcoin Magazine Launch “Bitcoin for Corporations” at The Bitcoin Conference
Sourced From: bitcoinmagazine.com/press-releases/microstrategy-and-bitcoin-magazine-launch-bitcoin-for-corporations-at-the-bitcoin-conference
Published Date: Thu, 25 Jul 2024 20:50:00 GMT
Related posts:
7 Best Gold IRA Companies 2023 (Ranked by customer reviews)
Microstrategy Raises Bitcoin Holdings to 190K BTC — Calls Itself ‘World’s First Bitcoin Development Company’
Predictions For Bitcoin And World Markets With The Upcoming FOMC Meeting
8 Best Precious Metals IRA Companies in 2022 [Definitive Guide]
