MicroStrategy and Bitcoin Magazine have joined forces to introduce "Bitcoin for Corporations" at The Bitcoin Conference, marking a significant milestone in driving corporate adoption of Bitcoin.
Strategic Partnership for Bitcoin Adoption
The collaboration between Bitcoin Magazine and MicroStrategy aims to provide a wealth of resources and educational content for corporate leaders, emphasizing a shared dedication to promoting Bitcoin adoption and education on a global scale. The announcement was unveiled by Michael Saylor, Co-founder and Executive Chairman of MicroStrategy, during the 2024 Bitcoin Conference in Nashville, Tennessee.
Empowering Companies in Their Bitcoin Journey
Bitcoin for Corporations harnesses the expertise of both Bitcoin Magazine and MicroStrategy to establish a centralized resource and networking platform for companies at every stage of their Bitcoin initiatives. MicroStrategy has already set the stage for enterprise adoption by integrating a specialized Bitcoin for Corporations track into their broader MicroStrategy World conference series.
Comprehensive Offering for Corporate Bitcoin Strategies
This partnership will further enhance the initiative by launching a co-branded web platform that features curated content, newsletters, and success stories from industry leaders who have successfully implemented corporate Bitcoin strategies. Additionally, the platform will offer practical tools and educational materials tailored to C-Level executives, along with a structured outreach program and exclusive VIP access to annual in-person conferences.
Quotes from Key Figures
"We are excited to collaborate with MicroStrategy on the launch of Bitcoin for Corporations," stated Mike Germano, President of Bitcoin Magazine. "This partnership perfectly aligns with our mission to educate and empower individuals in the Bitcoin community, and now extends our reach to corporations."
Michael Saylor of MicroStrategy added, "The 'Bitcoin for Corporations' initiative represents a significant milestone in accelerating corporate adoption of Bitcoin. By combining our strengths with Bitcoin Magazine, we aim to create a robust platform that educates and guides corporations in implementing successful Bitcoin strategies."
Membership Tiers and Benefits
Bitcoin for Corporations offers various membership tiers, including Executive Partner, Premier Member, and Industry Member, each providing unique benefits such as exclusive strategic content, inclusion in master classes, and VIP access to events. This tiered structure ensures that companies of all sizes and interests can engage with the platform effectively.
For more details on Bitcoin for Corporations, visit the official website at b.tc/corporations.
About Bitcoin Magazine
Bitcoin Magazine, based in Nashville, Tennessee, is the world's first publication dedicated to covering Bitcoin-related news, ideas, and global impact at the convergence of finance, technology, and Bitcoin itself. Published by BTC Media, Bitcoin Magazine serves an international readership seeking cutting-edge insights and updates on the latest in Bitcoin. Visit BitcoinMagazine.com for the most recent Bitcoin news.
About MicroStrategy
MicroStrategy (Nasdaq: MSTR) positions itself as the world's premier Bitcoin development firm, devoted to advancing the Bitcoin network through financial market activities, advocacy, and technological innovation. As a publicly-traded entity, MicroStrategy leverages cashflows and proceeds from financial activities to accumulate Bitcoin as its primary treasury reserve asset. In addition to its Bitcoin initiatives, MicroStrategy also develops cutting-edge AI-powered enterprise analytics software, aligning with its vision of Intelligence Everywhere™. For more information on MicroStrategy, visit www.microstrategy.com.
MICROSTRATEGY is a registered trademark of MicroStrategy Incorporated in the United States and select other countries. Any other product or company names mentioned may be trademarks of their respective owners.
For additional information or interview requests, kindly contact George Mekhail at George@b.tc.
Frequently Asked Questions
What are the benefits of a Gold IRA?
It is best to put your retirement money in an Individual Retirement Account (IRA). It is tax-deferred until it's withdrawn. You have complete control over how much you take out each year. There are many types of IRAs. Some are better suited to college savings. Others are designed for investors looking for higher returns. Roth IRAs, for example, allow people to contribute after they turn 59 1/2. They also pay taxes on any earnings when they retire. But once they start withdrawing funds, those earnings aren't taxed again. This account may be worth considering if you are looking to retire earlier.
An IRA with a gold status is like any other IRA because you can put money into different asset classes. Unlike a regular IRA that requires you to pay taxes on the gains you make while you wait to access them, a gold IRA does not have to do this. This makes gold IRA accounts a great choice for those who want their money to be invested, not spent.
Another benefit to owning IRA gold is the ability to withdraw automatically. That means you won't have to think about making deposits every month. Direct debits could be set up to ensure you don't miss a single payment.
Finally, gold is one the most secure investment options available. It is not tied to any country so its value tends stay steady. Even during economic turmoil the gold price tends to remain fairly stable. Therefore, gold is often considered a good investment to protect your savings against inflation.
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. Consider investing in both.
Gold is a safe investment and can also offer potential returns. It's a great investment for retirees.
Gold is more volatile than most other investments. This causes its value to fluctuate over time.
But this doesn't mean you shouldn't invest in gold. Instead, it just means you should factor the fluctuations into your overall portfolio.
Another benefit to gold? It's a tangible asset. Gold is less difficult to store than stocks or bonds. It's also portable.
Your gold will always be accessible as long you keep it in a safe place. There are no storage charges for holding physical gold.
Investing in gold can help protect against inflation. You can hedge against rising costs by investing in gold, which tends to rise alongside other commodities.
Also, you'll reap the benefits of having some savings invested in something with a stable value. Gold tends to rise when the stock markets fall.
Investing in gold has another advantage: you can sell it anytime you want. Like stocks, you can sell your position anytime you need cash. You don't even need to wait for your retirement.
If you do decide to invest in gold, make sure to diversify your holdings. Don't put all of your eggs in one basket.
Don't buy too many at once. Start small, buying only a few ounces. Continue adding more as necessary.
Keep in mind that the goal is not to quickly become wealthy. Instead, the goal here is to build enough wealth to not need to rely upon Social Security benefits.
While gold may not be the best investment, it can be a great addition to any retirement plan.
How is gold taxed by Roth IRA?
An investment account's tax rate is determined based upon its current value, rather than what you originally paid. So if you invest $1,000 in a mutual fund or stock and then sell it later, any gains are subject to taxes.
But if you put the money into a traditional IRA or 401(k), there's no tax when you withdraw the money. You pay taxes only on earnings from dividends and capital gains — which apply only to investments held longer than one year.
These rules vary from one state to another. Maryland is an example of this. You must withdraw your funds within 60 calendar days of turning 59 1/2. You can delay until April 1st in Massachusetts. New York has a maximum age limit of 70 1/2. To avoid any penalties, plan your retirement savings and take your distributions as early as possible.
Statistics
- You can only purchase gold bars at least 99.5% purity. (forbes.com)
- Gold is considered a collectible, and profits from a sale are taxed at a maximum rate of 28 percent. (aarp.org)
- 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)
- If you take distributions before hitting 59.5, you'll owe a 10% penalty on the amount withdrawn. (lendedu.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)
External Links
law.cornell.edu
- 7 U.S. Code SS7 – Designation boards of trade as contract market authorities
- 26 U.S. Code SS 408 – Individual retirement accounts
wsj.com
- Saddam Hussein’s InvasionHelped Uncage a Bear In 1989 – WSJ
- Are you interested in keeping gold in your IRA at-home? It's Not Exactly Legal – WSJ
irs.gov
forbes.com
How To
Gold IRAs are a growing trend
As investors seek to diversify their portfolios while protecting themselves from inflation, the trend towards gold IRAs is on the rise.
Owners can invest in gold bars and bullion with the gold IRA. It is tax-free and can be used by investors who aren't concerned about stocks and bond.
Investors can manage their assets with a gold IRA without worrying about market volatility. Investors can protect themselves from inflation and other possible problems by using the gold IRA.
Investors also benefit from physical gold's unique properties, such as durability and portability.
The gold IRA also offers many other benefits, such as the ability to quickly transfer the ownership of the gold to heirs, and the fact the IRS doesn't consider gold a currency.
This is why the gold IRA has become increasingly popular with investors looking to provide financial security during times of financial uncertainty.
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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
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