Precious Metals continue to surge against cryptos
#Bitcoin and #Ethereum have been in a lot of hurt lately, and the end has yet to be seen.
This custom chart shows #Gold and #silver in their historic proportions versus major cryptocurrencies #BTC and #ETH.
As you can see, PMs have been outperforming cryptos in general since November of last year.
A reverse head-and-shoulders can be found in this chart, implying that the pain for the crypto market has a ways yet to go.
It used to be common to have 5 to 20% of a portfolio in precious metals depending on risk tolerance. With the threat of inflation those numbers should be significantly higher. Today's median crypto investor has 0 in PM holdings. Luckily there is an easy way to convert crypto to actual, allocated, physical (and even deliverable if desired) gold and silver.
Check out the Kinesis platform to learn more: kms.kinesis.money/signup?referrer=d...
Good luck out there everyone
This custom chart shows #Gold and #silver in their historic proportions versus major cryptocurrencies #BTC and #ETH.
As you can see, PMs have been outperforming cryptos in general since November of last year.
A reverse head-and-shoulders can be found in this chart, implying that the pain for the crypto market has a ways yet to go.
It used to be common to have 5 to 20% of a portfolio in precious metals depending on risk tolerance. With the threat of inflation those numbers should be significantly higher. Today's median crypto investor has 0 in PM holdings. Luckily there is an easy way to convert crypto to actual, allocated, physical (and even deliverable if desired) gold and silver.
Check out the Kinesis platform to learn more: kms.kinesis.money/signup?referrer=d...
Good luck out there everyone