Bitcoin price is closely linked to several financial assets, but there are different reasons for its correlation with certain precious metals and stocks.
Silver is a rare natural chemical element. Generally, silver is considered to be as precious a metal as gold. Silver is used in many spheres, such as medicine, engineering, cinematography and so on. Besides this, silver is used as an investment. Usually, silver’s value is lower than the value of gold, but it doesn’t prevent people from investing in it. Silver’s price can be seen on various charts and graphs, and this information is updated daily. In terms of cryptocurrency and silver, some users prefer to trade silver for Bitcoin and vice versa, as the price for the precious metal is not volatile. For example, some cryptocurrency exchange platforms provide storing digital assets in the form of gold or silver so Bitcoin’s price can be frozen and dependent on the price changes of precious metals.
Money’s history is extensive, yet modern currencies are primarily supported by the state’s management of the economy and inflation through fiat currency.
The Galaxy Digital CEO predicts tough times ahead for the United States economy but continues to be bullish on crypto.16452
BTC’s market cap is way smaller than gold's, but the percentage of Bitcoin held by institutional investors suggests that the current pricing reflects an excellent discount.4588
Metalla Royalty & Streaming CEO Brett Heath has warned that crypto will “lead the charge into the next financial crisis” and questioned the true intrinsic value of Bitcoin.33280
Bitcoin was designed as a deflationary system, one that could help it reach ever-increasing values.48452
Peter Schiff calls his son “brainwashed” for his 100% Bitcoin portfolio.42641
The 2021 crypto bull market has notched another record, continuing a streak of unprecedented performance.9299
While Bitcoin trades sideways, the price of silver rushed to a 7-year high and XRP surprised new investors with a sharp 50% sell-off.25988
His doom and gloom comments continue to roll in for global currencies.7006
The trillion dollar bailout will not end well.31646
Bitcoin price is consolidating into a tighter range as traders prepare for a third attempt on the $12K level.11006
A correction in gold and silver prices coincides with a 3.45% drop in Bitcoin as its price fell below $11,500.12312
Federal Reserve monetary policy appears to be a primary catalyst for the current rally in gold, silver and Bitcoin.9553
Although not designed as an investment vehicle, Bitcoin’s rise in value has made it the best currency investment you could have made in the last 1,200 years.7643