Many financial advisors suggest gold , silver and cryptocurrencies as the best investment for this decade! what do you think?
Gold and silver are most commonly referred to as precious metals, so there is no need to label them in binary as "gold" and "silver" because the price movements of both assets are mostly correlated.
Very well explained. Right to the point. Truly it’s worthless to compare these three together. If op really want to compare then just compare it with fiat because that is the closet type of asset which we see into bitcoin. There are still many people who do not consider bitcoin as current and neither many consider it as asset. The thing is vice versa is another dimensional truth.
This is why many times people compare bitcoin with gold as store value or something like an asset for long keeping. But hodling Bitcoin is another chapter in crypto space which is purely based on its limited supply etc.
So gold is gold, it’s physical, lucid, and people Love to wear it.
Fiat currencies also have no guarantee. At least not beyond the government's ability to honor them, which is not a certainty. Due to this growing uncertainty in the modern world, gold is reaching new nominal highs with each passing day. Gold, as with any other good money, is its own guarantee; Because its physical composition is a useful commodity that can be sold for something, even if the institution that shaped it into a tradable form no longer exists. This is not the case with fiat currencies because the paper used to make currency doesn't even make decent toilet paper.
Bitcoin is also not supported in a rigid way, which is why it does not qualify as money or even hard currency. But the difference is that the community has confidence in Bitcoin because of its design strengths. If a fatal flaw is ever found in the system, it could destroy Bitcoin as a currency; but the failure of a single government or institution would not do it.