/biz/ - Business & Finance

>>18914930

Because precious metals are a commodity, not a currency. Other than being used in jewelry or art they have industrial use in electronics. They can also be stored and secured physically.

What benefits does crypto have?

It's supposed to be a currency, yet people speculate on the price as if it's a commodity.
New ones are created every day claiming to be "the next Bitcoin" which just means "new pump-and-dump scam".
It can be stolen by malware, of become worthless if there's a fork.
You can't spend it anywhere, and it's difficult to cash out to a fiat currency.

Bitcoin is the most popular, yet there's still no use for it. Buyers of crypto just want other idiots to purchase it so they can cash out.
It's like they're trapped in a Multi-level marketing scam, and some have even been associated with MLM scams.

https://www.youtube.com/watch?v=WqvvaJRSlvc