Silver prices are now outperforming Bitcoin by one of their widest margins on record.
In ~13 months, Silver is up +270% as Bitcoin has fallen -11%.
This makes Silver's market cap 3.5 TIMES larger than Bitcoin.
Could Silver continue outperforming crypto?
Source: @shadowofezra (Blossom app)
Source: National-Theory1218
2 Comments
Wow people are preferring non-risk assets during global uncertainty? No way!
Silver might have a squeeze issue. I’m hearing that some of these ETFs can’t deliver all the silver they say they could.
Gold and silver are tangible, whereas Bitcoin is intangible. Bitcoin’s biggest selling point is that “quantitative easing” (money printing) doesn’t apply, making it look more responsible than the QE manipulated fiat currencies.
The US treasury sec (Besset?) says he wants 1% interest rates in a 3% inflation environment. Not going to get that without firing up the Fed’s money printer. QE is Bitcoin’s best friend.