Precious Metals VS Crypto
So while gold and silver have been hit hard:
Statistics: The global market cap for the entire crypto market is now hovering around $1.5T, down 50% from the $3T milestone seen last November, according to data from CoinGecko.com. 40% of Bitcoin holders are also underwater on their investments, per Glassnode, and in the last month alone, 15.5% of all Bitcoin wallets fell into an unrealized loss.
You make the call, fake, made up, worthless electrons or real money tested over thousands of years. “What’s in your portfolio”?
Easy choice… own both and in a ratio that is most appropriate for oneself.
100% to 0%
The market action confirms your ratio. Had you gone short crypto(in general across the board) vs long gold and silver(as a pairs trade) crypto down by 50% with gold basically flat from it’s Nov. highs and silver down about $4 (15%) from it’s Nov. highs.
Having something tangible where I can touch and hold is more comforting than an asset that relies on electronics to continue without disruption.