Bitcoin seems to be talked about on almost every news outlet and shouted from every street corner. Are you invested in Bitcoin? Thinking of investing in it? Or just curious about what all the noise is about?
Mike Maloney talks about Bitcoin and its relationship to the precious metals and monetary history. Mike echos another commentator I read recently who rightly pointed out the big difference between Bitcoin and the precious metals. The precious metals are a relatively stable and safe way to store wealth. Bitcoin, because of the extreme volitility, should be viewed more as an investment vehicle. There have been wide $2,000 swings in value recently. Certainly some people have made money on Bitcoin. But I think it mightt be a good idea to follow Mike’s actions and take a little of your profits off the table. Sell some Bitcoin, which may be overvalued now, and purchase some silver, which is definitely undervalued.
Get a copy of Mikes book and learn not only about gold and silver but also about monetary history. It will help you understand and fit your Bitcoin investing strategy into your total investment picture. Get Mike’s book for free here: https://goldsilver.com/promo/freebook
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