The Laser Eyes Phenomenon Revisited
Bitcoin enthusiasts have achieved the unimaginable by pushing Bitcoin past $100,000. As celebrations wind down, a crucial question emerges: What comes next for the digital currency?
One of the notable campaigns that led to this milestone was the #LaserEyesTill100K movement. Originating in 2021, this initiative involved adding laser beams to Twitter avatars to symbolize the journey to $100K. The movement garnered support from politicians, celebrities, and even the general public, culminating in Bitcoin reaching the coveted milestone in December 2024.
The Ambitious Mission: Flipping Gold's Market Cap
With Bitcoin's market cap currently standing at $2.018 trillion, representing 11.36% of gold's $17.765 trillion market cap, a new audacious goal has emerged within the community. The aim is to surpass gold's market cap and propel Bitcoin towards the $1 million per coin mark.
In a significant development, BlackRock's Bitcoin ETF has outperformed its Gold ETF, signaling a substantial shift in demand towards Bitcoin over traditional assets like gold. This trend sets the stage for Bitcoin to potentially exceed gold's market cap in 2025.
Introducing #PicFlipTillGoldFlip Campaign
Following the success of the laser eyes campaign, a new initiative called #PicFlipTillGoldFlip has been launched. This campaign encourages participants to flip their profile pictures upside down as a symbolic representation of Bitcoin's quest to surpass gold's market cap.
The simplicity of this gesture aims to engage a wider audience, emphasizing the community's collective pursuit of this ambitious goal. By flipping images upside down, participants visually align themselves with Bitcoin's current position relative to gold, awaiting the moment when the digital currency overtakes the precious metal.
Joining the Movement Towards $1 Million
Participation in social media campaigns like #PicFlipTillGoldFlip fosters community engagement and raises awareness about Bitcoin's potential to redefine the financial landscape. The momentum generated by such campaigns highlights Bitcoin's evolution from a niche asset to a formidable contender in the global economy.
As Bitcoin enthusiasts continue to rally behind these initiatives, the prospect of Bitcoin surpassing gold's market cap looms large. The community's creativity and enthusiasm are driving forces behind Bitcoin's journey towards $1 million per coin.
Are you ready to flip your pic for Bitcoin and be part of this exhilarating movement? Join us in embracing #PicFlipTillGoldFlip and let's propel Bitcoin to new heights together!
Stay tuned for more updates as we navigate this exciting path towards a digital revolution.
Frequently Asked Questions
What is the best precious-metal to invest?
This depends on what risk you are willing take and what kind of return you desire. Although gold has traditionally been considered a safe investment choice, it may not be the most profitable. Gold may not be right for you if you want quick profits. Silver is a better investment if you have patience and the time to do it.
Gold is the best investment if you aren't looking to get rich quick. If you want to invest in long-term, steady returns, silver is a better choice.
What is the Performance of Gold as an Investment?
The supply and demand for gold affect the price of gold. Interest rates also have an impact on the price of gold.
Due to limited supplies, gold prices are subject to volatility. Physical gold is not always in stock.
Is it possible to hold a gold ETF within 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).
An IRA traditional allows both employees and employers to contribute. Another option is to invest in publicly traded corporations with an Employee Stockownership 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.
You can also get an Individual Retirement Annuity, or IRA. With an IRA, you make regular payments to yourself throughout your lifetime and receive income during retirement. Contributions to IRAs can be made without tax.
Statistics
- Indeed, several financial advisers interviewed for this article suggest you invest 5 to 15 percent of your portfolio in gold, just in case. (aarp.org)
- Instead, the economy improved, stocks rebounded, and gold plunged, losing 28 percent of its value in 2013. (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)
- This is a 15% margin that has shown no stable direction of growth but fluctuates seemingly at random. (smartasset.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
investopedia.com
finance.yahoo.com
forbes.com
- Gold IRA – Add Sparkle to Your Retirement Nest Egg
- Understanding China's Evergrande Crisis – Forbes Advisor
law.cornell.edu
- 7 U.S. Code SS7 – Designation Boards of Trade as Contract Markets
- 26 U.S. Code SS 408 – Individual retirement accounts
How To
Three ways to invest in gold for retirement
It's crucial to understand where gold fits in your retirement strategy. There are many ways to invest in gold if you have a 401k account at work. You may also be interested in investing in gold beyond your workplace. A custodial account can be opened by a brokerage firm like Fidelity Investments if you already have an IRA. Or, if you don't already own any precious metals, you may want to consider buying them directly from a reputable dealer.
If you do invest in gold, follow these three simple rules:
- Buy Gold with Your Cash – Don't use credit cards or borrow money to fund your investments. Instead, cash in your accounts. This will help you to protect yourself against inflation while also preserving your purchasing power.
- Own Physical Gold Coins – You should buy physical gold coins rather than just owning a paper certificate. Physical gold coins are easier to sell than certificates. There are no storage fees for physical gold coins.
- Diversify Your Portfolio. Never place all your eggs in the same basket. This means that you should diversify your wealth by investing in different assets. This will reduce your risk and give you more flexibility in times of market volatility.
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