Bitcoin IRA Brings Gold and BTC Together
This is likely the stuff of intrigue for many crypto advocates throughout the world right about now considering both bitcoin and gold appear to be shifting into bullish territory at the same time. One could almost make the argument that the two are more correlated now than bitcoin and the stock market.
Bitcoin has shot up by more than $2,000 in the last few weeks. At the time of writing, it is currently trading for roughly $11,700, which is about $100-$200 more than where it stood just 24 hours ago. Gold, on the other hand, has really impressed investors with its spike to $2,000 per ounce. At one time, the currency was nearing the $2,100 position, which means the trend has died down a bit, but gold is still higher than it’s ever been, and both assets seem to be channeling each other’s positive energy.
The webinar offered thoughts and ideas regarding what could potentially be pushing both assets across the bullish planes. It also featured top-of-the-line speakers including Chris Kline, the COO and co-founder of Bitcoin IRA, and Diego Vinals, the senior vice president of the company. The event occurred at 8pm EST on August 6 and lasted for roughly half an hour.
Among the key topics discussed included how the present debt levels of the United States are driving the price of bitcoin up; inflation and why it’s much higher than originally anticipated; how to add crypto and gold to one’s retirement account, and where both assets are likely to go from here. The event finished with a question-and-answer segment in which viewers could pose their own thoughts and potentially receive additional information from the speakers or persons in charge.
Bitcoin IRA should potentially consider changing its name to “Bitcoin and Gold” IRA considering this is not the first time that the company has pledged support for the precious metal. In early May, the company published an e-book that specifically touted gold and expressed the importance behind one of the world’s leading assets.
Why Gold Is Such an Important Asset
The book explained why it was so important to have gold be part of one’s portfolio, where gold would be in approximately eight years, and how it could potentially protect one’s wealth in the future. In a brief interview, COO Chris Kline offered the following sentiment when it came to gold:
There has never been a better time to reconsider physical gold as part of an individual’s diversified retirement portfolio. We are living in unprecedented times, and gold’s unique attributes may be able to provide a safe haven for investors looking to reduce or diversify their risk.