Bitcoin and silver are great counterparts for protecting your wealth; neither can be debased by governments. Bitcoin is great for digital transactions while silver is not. Silver is a hard, tangible asset with a 6000 year history of being a sound currency. Bitcoin does not have this history and would be of no use to you if access to the web was unavailable. Would Bitcoin have been of any use to the Egyptian protestors in the midst of their revolution? I love my electronic gadgets as much as the next nerd, but I'm not about to become wholly reliant on them.

Bitcoin poses a major threat to fiat money, not commodity money. IMHO, if you own Bitcoins, you ought to also hold some precious metals since they share similar characteristics. I much prefer silver to gold since the elites do not have the silver market cornered like they do gold (most of the world's gold is held in vaults, the same is not true for silver due to its relative abundance).