Liquid staking with BTC, how profitable is it?

Liquid staking is becoming a hot topic as you have seen nowadays, especially for Bitcoin and altcoins holders looking to earn more from their coins/tokens. Just some days ago, I saw Bitget brought us BGBTC product, some ppl were talking about it on Twitter.

Basically, you can stake your BTC and earn a 2% APR, which isn’t bad for just holding it. If you stake during the pre-launch until Jan 8, you get double BGPoints, which can be used to claim airdrops from different BTCFi projects. So not only are you earning interest, but you might get some free tokens too.

You can stake anywhere from 0.001 BTC to 10 BTC, which gives you flexibility depending on how much you’re working. Once 2x promotion is over, you’ll gain more flexibility with features like redeeming your BGBTC or using it for crypto loans and margin trading. Your assets are secured through dual custody with Bitget and Cobo.

I think this is a solid opportunity for anyone holding BTC and looking to earn passive income without selling. The returns are clear, and the extra BGPoints could lead to some interesting airdrops as the ecosystem grows.

What you think of this product with BTC? Is it good since market is bullish?

Gold Cooldown, Bitcoin Buzz, and Trump’s Tax Proposal—Big News Today!

Gold’s Rally Expected to Slow in 2025 According to the World Gold Council (WGC), gold prices are projected to grow at a slower pace in 2025 following a record-breaking rally this year. As reported by Bloomberg on December 12, 2024, the price of gold has reached historic highs due to inflation concerns, geopolitical tensions, and robust investor demand. However, the WGC anticipates that as global economic conditions stabilize, the rapid growth seen in 2024 will moderate. Gold is likely to remain a key asset for diversification, but its price trajectory is expected to reflect more measured gains moving forward.

Bitcoin as a Portfolio Allocation: BlackRock’s Take In a notable statement from BlackRock, the world's largest asset manager, the company suggested that allocating up to 2% of a portfolio to Bitcoin (BTC) is within a “reasonable range.” Bloomberg highlighted this sentiment on December 12, 2024, as a reflection of the growing institutional acceptance of cryptocurrencies. BlackRock emphasized that Bitcoin’s role as a hedge against economic uncertainties and its potential for high returns make it an attractive, albeit volatile, investment. However, the firm also warned against overexposure due to the cryptocurrency’s inherent risks.

Trump’s Corporate Tax Proposal Former U.S. President Donald Trump has proposed reducing the corporate tax rate to 15%, a move aimed at stimulating economic growth and business investment. This announcement signals a continuation of Trump’s economic strategy to make the United States more competitive in the global market. Critics argue that such a reduction could exacerbate budget deficits, but proponents highlight the potential benefits for businesses and job creation. Today, December 12, 2024, Trump opened the trading session at the New York Stock Exchange (NYSE), ringing the bell to the cheers of "USA!" from Wall Street CEOs and business leaders. The event highlighted Trump’s ongoing influence in financial and political spheres, as his proposed tax reforms aim to align with broader goals of economic stimulation and corporate growth.

Conclusion These developments underscore the dynamic interplay between economic policies, market trends, and investment strategies. As gold’s rally slows, Bitcoin’s institutional acceptance grows, and tax reforms are debated, investors and policymakers alike face crucial decisions in navigating an evolving financial landscape.

Source: Stockburger news

With no prep time, you're sent back 30 years, but unable to invest. How rich will you be able to get? Do you currently have the knowledge you'd need?

This is inspired by various threads here about time travel where people seem to generally assume that they won't have any problems getting rich if they go back in time.

Let's assume that you start with enough resources to get by for 6 months. That means you can afford rent and food, basic life stuff, etc, but you don't have "start a business" money. You're not allowed to put money into anything that works like an investment. No stocks, bitcoin, baseball cards, etc. You can buy things that happen to increase in value, but you can't make use of that value in your strategy. No profits based on just hanging onto something that becomes precious later.

You otherwise have to live life, so you'll need some income, etc. If you're older than 30 you get set to 30 so that you've got good health (if you did at 30) and probably survive the 30 years. Also you still want to live a good life, have relationships (if you care), so this isn't just a "if all you cared about was money could you do it?" type question. It's really about whether the time travel would let you make money easily.

Do you actually know enough about sports outcomes to get really rich? Do you actually have any winning lottery numbers memorized? Maybe there's enough random historical events (like elections) to get rich betting on? So if that makes it easy, then what if you also can't gamble? And then how do you do it?

I personally don't think I could get very rich. I don't know enough trivia to turn a normal income into riches just by gambling. I think I would be better off because I could direct my career a little more wisely and make some choices to join successful companies, but it probably wouldn't be all that different.