That's what the big banks would like you to think so you don't buy gold and silver. How many cryptos are there? Over a thousand? There is probably at least one new crypto a week and at least half a dozen that are better than bitcoin for transactions. Cryptos are about as rare as bananas at this point.
Crypto is a trap, every transaction ever is recorded in their blockchain, its also a huge energy sink and mining is literally a dick measuring contest where the amount of processing power is ever increasing and used for calculating 0 beneficial numbers. Imagine, Iran used 2% of its power generation for crypto... 2% of its total power production to produce absolutely nothing of value!
Bitcoin is better in every way.
That's what the big banks would like you to think so you don't buy gold and silver. How many cryptos are there? Over a thousand? There is probably at least one new crypto a week and at least half a dozen that are better than bitcoin for transactions. Cryptos are about as rare as bananas at this point.
Both precious metals and bitcoin have benefits and drawbacks. I wouldn't say one is better than the other.
Gold for a store of value, silver as an investment and a trade, and Cryptos for speculation. That's how I look at it.
You and I think the same way.
I'll let gresham's law settle the debate
Crypto is a trap, every transaction ever is recorded in their blockchain, its also a huge energy sink and mining is literally a dick measuring contest where the amount of processing power is ever increasing and used for calculating 0 beneficial numbers. Imagine, Iran used 2% of its power generation for crypto... 2% of its total power production to produce absolutely nothing of value!
bitcoin isn't worth the paper it's printed on.