This Amazing Chart Shows Bitcoin Investors Diversifying Into Gold & Silver – Mike Maloney
In the last few months lots of Bitcoin and cryptocurrency has been flowing into gold. Crypto investors realize by and large that the crypto market is extremely volatile, however there is a solid undervalued market floor/bottom for precious metals, thus making gold and silver a great investment forking opportunity for people holding Bitcoin.
I’ve said in previous posts that Bitcoin investors would do well to take some profit and put it in gold. And now we’re seeing just that. With the markets overvalued along with the housing market and recent drops in the bond market, cryptocurrency along with gold and silver are primed to launch.
Best ways to invest in gold and silver
I myself hold cryptocurrency and precious metals because I strongly believe a weak US dollar, stock market highs and a housing market that’s seeing less customers every month going into 2018 creates the perfect environment for the crypto market which has a very low market cap and precious metals which have hovered at their relative lows for several years to explode to the moon.
Most people may not want to hold 10 pounds of silver or gold at their house, and that’s understandable. Still, people with ETFs and IRAs or 401Ks are going to want to consider taking a partial rollover to Gold IRA to receive the tax benefits as well as storage by a custodian until they choose to take delivery of the physical metals themselves.
One thing’s for sure, 2018 is shaping up to be one heck of a year for Bitcoin and Gold, regardless of which one you hold.