Bitcoin holders should invest in gold and other precious metals at the same time
The Japanese yen is losing value rapidly, but the US dollar is also unreliable in light of future inflation.
Those people are buying bitcoin.
However, it is also true that, from an investment standpoint, it is dangerous to stick to bitcoin alone.
In such a situation, I believe that one of the other investment options is to buy precious metals such as gold, silver, and platinum.
The reason is that precious metals, like bitcoin, have an upper limit on the earth. This means that they are certain to run out sooner or later.
This means that they will become scarce.
Also, unlike bitcoin, precious metals are physical and tangible.
Therefore, precious metals have a different use than bitcoin.
Precious metals can be used for accessories or parts of precision instruments.
Especially in the area of precision machine parts, there is a big connection between bitcoin and foundries.
Precision instruments such as PCs are necessary to handle bitcoin. And to make such precision equipment, foundations are essential.
As bitcoin becomes more popular in the future, the amount of precision equipment related to bitcoin will inevitably increase, which in turn will increase the demand for precious metals.
I invest in gold in the form of PAXGOLD.
PAXGOLD is a virtual currency linked to the price of gold. 1 PAXGOLD equals 1 ounce of gold.
I buy and store this PAXGOLD in NEXO.
With NEXO, you can get daily dividends just by depositing it.