Is Bitcoin Better Than Precious Metal?

The real answer to this question is simply a matter of opinion. Some people prefer one over the other,

but if you ask me, you should have both.

Each asset has attributes that the other does not. Precious metals are great to hold on to. They have the

longest track record and they will likely outlive the holder.

The only problem with holding precious metals is that they are very heavy and difficult to transact with

in high amounts. It can become a problem if you end up in a situation where you have to travel

unexpectedly.

Think about those people in the Ukraine who became refugees. For them to move large amounts of precious metals would be a little bit of a problem.

Even if they manage to escape from a war zone, they

could still get robed from soldiers, gangsters, or bandits.

One great quality about having precious metals like gold and silver is that you can transact with it just

about everywhere in the whole world.

Bitcoin also has some great uses for this new day and age. Unlike precious metals, Bitcoin can be held on

a tiny device. Billions of dollars in Bitcoin can be held on a device that is about the same size of thumb

drive. In all actuality, you don’t even need that. You can have your seed phrase or codes memorized or

written down somewhere.

Billions of dollars’ worth of Bitcoin can be sent from one person to another anonymously and in a very

short amount of time. This is one of the great upper hands that Bitcoin has over precious metals. To

transport precious metals can be bother some and makes for a good plot to an action movie.

I say hold both!