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!

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Are Crypto Currencies Backed up by Physical Assets

This mainly depends on the Crypto Asset/Currency you are holding on to. For the most part Crypto is an asset or currency that resides in the digital world, and they don’t have any physical value.

 I am slightly inclined to say they have an intrinsic value even though they don’t have physicality. Typically, an asset like gold or silver has intrinsic value because the asset can be used for more than just as a medium of exchange. With gold and silver, there is a market demand for these precious metals for various technology companies. Because of this, I feel comfortable calling Crypto Assets/Currencies have an intrinsic value aside from being a medium of exchange. When you think of some of these Crypto Assets having the capability of creating smart contracts, that seems like an intrinsic value to me.

Most Cryptos are not backed up by an asset like gold, silver, or other precious metals. There are a few, but not very many.

Meta 1 is one of the FIRST Appreciating Stable Coin that is backed up by precious such as gold, silver, precious metals, and other assets. Unlike other Cryptos that ride the market waves, Meta 1 holds value and appreciates in value over time.

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