Press Release: Bitcoin IRA Adds Digital Gold To Its Self-Trading Retirement Platform

Posted on February 13, 2019 | by [email protected]

LOS ANGELES, Feb. 13, 2019 /PRNewswire/ — BitcoinIRA.com, the world’s first and largest digital asset IRA company that allows customers to purchase cryptocurrencies and other digital assets for their retirement accounts, has announced it is adding Digital Gold (DG) to its platform. Digital Gold is the first-of-its-kind to be offered in a retirement setting and it is eligible for purchase today on its proprietary self-trading IRA platform.

Digital Gold is an innovative, proprietary solution that allows customers to instantly buy and sell investment-grade, pure physical gold 24/7. Digital Gold combines the stability of gold with the speed of ETFs, and customers have 100 percent direct ownership of their physical gold. The product is the most cost-effective physical gold IRA asset now available on the market because it removes the large markups and transaction costs found with traditional gold sellers.

Customers always maintain the title to their real gold through a cryptographically-secure blockchain database that investors can utilize to verify ownership. Their physical gold is securely stored in the vaults of the Royal Canadian Mint and is fully deliverable upon request at any time. The product is insured, cost-effective and has a fully transparent, 24/7 settlement process.

BitcoinIRA.com’s Digital Gold is developed in a strategic alliance with Dillon Gage Metals, one of the world’s largest precious metals wholesale firms and leading technology innovator in the industry.

Mark Furmanek, chief operating officer at Dillon Gage Metals said, “I am excited to provide strategic support to BitcoinIRA.com‘s newest product, our 40 years of experience in physical precious metals and our investment into technology has the making of a strong alliance.”

BitcoinIRA.com’s COO and co-founder Chris Kline added, “We are proud to expand our product offering with the launch of Digital Gold and to have Dillon Gage Metals as our strategic provider. Before this innovation gold buyers had to choose between dollar-derived proxy ETF certificates or slow, expensive physical gold. We are disrupting the industry by offering the best of both products and making them tradeable 24/7 on our propriety IRA platform.”

Digital Gold joins 8 other digital assets available on BitcoinIRA.com’s platform including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum Classic (ETC), Stellar Lumens (XLM) and Zcash (ZEC).

Consumers can self-trade Digital Gold and cryptocurrencies inside the BitcoinIRA.com platform today by visiting bitcoinira.com/digital-gold.

About BitcoinIRA.com

BitcoinIRA.com is the world’s largest and most secure technology company that allows customers to purchase cryptocurrencies and other digital assets for their retirement accounts. The company offers full-service and self-service options which include setting up a qualified digital asset IRA account, rolling over funds from an existing IRA custodian, executing a live trade on a leading exchange and then moving funds into an industry-leading multi-signature digital wallet.

Since 2016, BitcoinIRA.com has processed over $300 million in investments, gained nearly 5,000 customers and received more than 400 5-star customer reviews. The company has been featured extensively in the media, with coverage in Forbes magazine, CNBC, and The Wall Street Journal, among other publications.

BitcoinIRA.com is a fintech service provider and as such is not a financial adviser, cryptocurrency, exchange, custodian, wallet provider, initial coin offering (ICO), or money transmitter. BitcoinIRA.com is privately funded and based in Los Angeles.

Learn more about BitcoinIRA.com at https://bitcoinira.com or call 877-936-7175.

About Dillon Gage Metals

Dillon Gage Inc. of Dallas (DillonGage.com), founded in 1976, companies include:

Dillon Gage Metals (www.DillonGage.com), one of the world’s largest precious metals wholesale trading firms. The firm is an authorized purchaser for all major world mints and maintains inventory in over 20 countries around the world. Additionally, the company provides advanced tools and technologies that enable market participants to be more successful in their businesses, allowing electronic trading and offering cloud-based solutions for the physical precious metals marketplace. 800-375-4653

FizTrade Online Trading (www.FizTrade.com) offers a real-time bid/ask trading platform for gold, silver, platinum and palladium. 800-375-4653.

Dillon Gage Refining (www.dillongage.com/refining/why-dg), professional assayers and refiners of precious metal scrap, from low grade to karat scrap. Stone removal services and diamond experts on staff. 888-436-3489.

CONTACT: Mike Schrobo, [email protected]

SOURCE Bitcoin IRA

Here’s Why Bitcoin Deserves a Place in Your Portfolio

Posted on February 8, 2017 | by [email protected]

Bitcoin deserves a place in your portfolio irrespective of what ‘smart’ conservative money managers would have you believe. Bitcoin is a disruptive technology because its creates a new market in how financial transactions are handled. Bitcoin also has the potential to disturb the traditional monetary system and eventually displace money (fiat currency) as we currently know it.

Of course, it wouldn’t be wise to sell all your assets to buy Bitcoin or to put all of your investment in Bitcoin; yet, you’ll be doing yourself a major disservice if you refuse to join the bandwagon of early adopters who are investing in the potential of Bitcoin. This article provides insight into some of the reasons why you should endeavor include Bitcoin in your portfolio in order to reap the benefits of diversification.

1. Bitcoin is not a passing fad

Many products and services often come into limelight with a tag for being “disruptive”, only for them to fizzle out of existence after a couple of years. Bitcoin is not a passing fad and it is here to stay. To start with, Bitcoin (built on Blockchain technology) imbibes the very essence of the most disruptive 21st century technologies. Bitcoin has a mobile-first approach, it is open source, it facilitates peer-to-peer transactions, focused on privacy, and encrypted with cryptography. No other financial/monetary product is fortified with all the technologies that give Bitcoin its unprecedented level of usefulness and security.

2. Bitcoin has direct application across hundreds of markets and industries

Many people erroneously assume that Bitcoin is only useful for sending and receiving payments when you don’t want to go through banks. The assumption is reinforced by the fact that Bitcoin was the choice payment system for questionable transactions on places such as Silk Road. Nonetheless, Bitcoin could compete with fiat currencies for direct applications in a wide variety of markets. Bitcoin has direct applications in the $1 trillion e-commerce market, the $515B annual remittance market, and in the $2 trillion annual e-payment market among others.

3. Tech and finance heavyweights already support Bitcoin

Bitcoin is still in infancy and it’s adoption is still a long way off from gaining traction in the mass market. Nonetheless, Bitcoin is already getting rave reviews of heavyweights in the technology industry. Paul Buchheit who founded Gmail has opined that “Bitcoin may be the TCP/IP of money.” Bill Gates, founder of Microsoft says Bitcoin is “a technological tour de force.” Richard Brown, an executive at IBM notes that “Bitcoin is a very sophisticated, globally distributed asset ledger.”

Heavyweights in the finance sector have also lent their voice to support Bitcoin. For instance, top-tier venture capitalists such as Peter Thiel, Marc Andreessen, and Fred Wilson have invested in the technology.

4. Bitcoin’s adoption is on an uptrend globally

Bitcoin might still be in infancy but its adoption shows a predominantly upward trend globally. The U.S. government is already toeing the path of acceptance and regulation for Bitcoin in the U.S. Bitcoin has earned the title of digital gold in Germany. The adoption of the cryptocurrency has grown rapidly in China and India in response to some of the monetary policies of the government. Available data shows that in Q1 2016, there were more than 13 million Bitcoin wallets to account for a 60% year-over-year increase. More so, the hashrate on the Bitcoin network was 1,028 pth/s to mark a 300% year-over-year increase.

Global Inflation Surprise Index approaches a 5 year high, alternative investments like Bitcoin to surge?

Posted on February 6, 2017 | by [email protected]

With most of the countries following a Credit based economy to attain their developmental goals, they are unknowingly and slowly hampering their economy. The countries opting for debt based structure would have to see a significant improvement in overall economic performance to match up the void created by the model. Many a times, this is where economies lack resulting in crippling inflation whose effects last for longer than anticipated. Currently ‘Global Inflation Surprise Index’ is at all time high which is ominous for all the countries. Let’s dive deep into understanding what this means and how alternative investments would come in handy:

Inflationary Cycle:

Inflation is a sustained increase in the general price level of goods and services in an economy over a period of time resulting in a loss of value of currency. When the price level rises, each unit of currency buys fewer goods and services. Consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy. During inflation, people’s confidence in the currency decreases which leads to increased investments in alternative investments like Gold, foreign currencies and exotic commodities to hold the value of investments.

Global Inflation Surprise Index and its implication:

Global Inflation Surprise Index measures surprises in Inflation as compared to expectations. This means how high or low the inflation is as compared to the expectations/forecast of the analysts. As per Bloomberg, the Index is at the highest for the first time in more than five years. The reading turned positive in December and continued to stay so. This means that the inflation data is higher than expected for the first time since 2012. This is alarming as the index takes into account the status of all the countries and with Venezuela, Brazil and European Union in turmoil; things are more complicated than they appear.

How Bitcoin and alternative investments get impacted:

During the period of inflationary crisis, people invest in stable foreign currencies, gold and any commodity that can act as ‘store of value’. Bitcoin has dubbed itself as a very reliable store of value and earned the name of ‘Digital Gold’ owing to its non-correlation with other commodities. Hence we can expect steady rise in Bitcoin prices over period of time powered by debt stricken economies around the world. In good measure, Bitcoin might as well go onto become a transactional resource as it was intended to in the first place.

Trump’s anti-immigration policy is causing the Bitcoin prices to soar and here’s why

Posted on February 1, 2017 | by [email protected]

During the presidential race, Republican candidate Donald J Trump came out with a set of policies that defined his ideologies and set up the foundation for a successful campaign. The economists around the world were concerned that Trump’s presidency and economic policies would result in a market collapse. Nevertheless cryptocurrency proponents were optimistic about Trump’s presidency as his policies were positive re-enforces for fintech industry. This reflected in the rise of Bitcoin prices when Trump won the elections in 2016.

President Donald Trump took to office in January and started to deliver on his promises right off the bat. Trump has signed an anti-immigrant policy in the first week of administration and this has caused a lot of ruckus amongst the populous. But this event has boosted Bitcoin prices in the most unexpected fashion and has proven positive for cryptocurrency markets. Let’s dive deep into how the policy has affected global markets and Bitcoin prices in particular.

The ban on Immigrants:

President Donald Trump signed an executive order 27th -Friday that indefinitely suspends admissions for Syrian refugees and limits the flow of other refugees into the United States by instituting what the President has called “extreme vetting” of immigrants. The order bars all persons from certain “terror-prone” countries from entering the United States for 90 days. The countries impacted due to the ban are Iran, Iraq, Syria, Sudan, Libya, Yemen and Somalia. The real blow came when even Green Card holders from the respective countries were ordered to be deported when looked into the finer details.

The petition that followed:

The order came as a surprise for many Multi-National Companies that base the core of the structure on the kind of talent diversity offers. The order wasn’t received in good stead by these companies as this would, to a little extent, result in loss of workforce for these companies. To counter these effects, major tech companies like Microsoft and Amazon have launched legal action against the executive order. Both firms have joined the Washington state government in a lawsuit challenging the details within the order. As part of the case, Microsoft, Amazon and also Expedia, are all preparing legal statements saying how the move from Trump has an impact on their business.

How Bitcoin markets benefited:

With corporate giants backing the petition, the global equity markets are in a state of apprehension. The effect of the ban has reflected in the market prices of the stocks of the highly affected companies and continues to remain in that state. With so much uncertainty surrounding the global markets, investors are looking for options to shield their assets from the impending volatility. That is where Bitcoin and Gold come into picture. Bitcoin is the digital analogue of Gold which proved out to be the Safe Haven in 2016 with better returns and non-correlation. On the same accounts, the Bitcoin prices saw a good boost over the weekend with prices approaching all time high again. Will further policies from Trump give Bitcoin the boost to breach all time high? That only time will tell.

Bitcoin is Becoming Digital Gold in Germany

Posted on January 19, 2017 | by [email protected]

Bitcoin investors are becoming apprehensive about the supposed ‘crackdown’ on Bitcoin in China. The apprehensions are justified if you consider the fact that China currently accounts for about 80 of volume transactions globally. However, while the whole world remains fixated on increasing regulation for Bitcoin use in China, other countries are rising up to the occasion to provide an enabling environment for Bitcoin to thrive.

Today, my attention is on Germany as Bitcoin starts to build up momentum for mainstream adoption in the country. A popular TV channel in Germany, Das Erste, has aired a full feature broadcast television show on the growing adoption of Bitcoin in the country. The video commentary runs in German but it features a mix of German and English speakers, you can also translate the summary and comments in-browser with Chrome

Meet Germany’s digital gold

Das Erste says Bitcoin can be regarded as digital gold in Germany and the name is apt. To start with, the digital currency has doubled its value relative to the Euro in the last one year – in contrast, gold has not been able to record such massive gains in the same period.

The video starts by showing the level of Bitcoin adoption in Germany with people using the cryptocurrency to pay for everyday items. You can see some people using Bitcoin to buy coffee, making withdrawals from the ATM, and sending money to others through the cryptocurrency.

The video goes on to include a feature report on Martijn Wismijer, one of the pioneer Bitcoin adopters known for having a Bitcoin wallet chip implant in his hand. In Martin’s words,” I’ve had a chip implant since 2014. You can hardly see it, but here is the antenna, next to the chip. If I want to buy, I just keep my hand at the checkout or the machine over there.”

Bitcoin Wallet chip implants are the futuristic forebears of how well Bitcooin can ingrain itself into the global economy. In fact, Martin goes on to show how the use of Bitcoin use transcends digital transactions by using his Bitcoin wallet chip implat to order a Red Bull from a vending machine.

The adoption of Bitcoin is taking off in Europe

Germans are starting to recognize the possibilities that Bitcoin might offer as an alternative global currency. The fact that you don’t need the services of a bank to conduct Bitcoin transactions with people locally or in other parts of the world is one of the factors driving the adoption of Bitcoin in the country. The low transaction costs and the relative privacy are also driving up interest in the use of Bitcoin.

The adoption of Bitcoin is also taking off in Iceland as the video features Marco Streng, CEO of the firm Genesis Mining in Iceland. Streng provided some insights on Bitcoin mining in Iceland and he notes that his company’s mining activities is “over 10,000 graphics cards, which is more than the largest supercomputer in the world.”

Tag: Digital Gold