Bitcoin certainly could replace silver and gold for some purposes. Silver is used as a store of value and hedge against inflation around the world, just as gold is. The biggest barrier to this happening is perhaps the volatility of Bitcoin’s value. But, as Bitcoin usage increases, the volatility in its value naturally decreases. In fact, this is exactly what we’ve seen over the last 3 years. I expect that once we see mainstream adoption of Bitcoin, the volatility will decrease to levels comparable to gold and silver, and will thus make for an excellent replacement for store of value and hedging purposes.
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