Details on why Bitcoin is better than silver
In 2008, I started buying silver and gold coins. The financial crisis opened my eyes to other investment classes as stocks and real estate were crashing. These precious metals were rising during the economic downturn.
Of the two metals, I liked silver more than gold and thought they would give me a better return for my money.
Alternative investments tend to outperform when the economy has a financial crisis.
After seeing silver hit its peak in 2010, I wasn’t impressed with the slow price movement of the metal that was barely moving.
That changed in 2017 when several people introduced me to Bitcoin.
The digital currency was new to me, so it took me a few months to understand it.
After seeing the price go up week after week, I finally decided to buy Bitcoin in December right before hitting an all-time high.
Since then, I have seen Bitcoin hit all-time highs in 2020, 2021, 2024, and you’ll probably see a new all-time high this year.
Silver, on the other hand, was stagnant for years.
