How does the future price of silver in the next 5 years impact the value of cryptocurrencies?

1 answers

• Dec 17, 2021 · 3 years ago
  From a third-party perspective, BYDFi believes that the future price of silver could have some influence on the value of cryptocurrencies. Silver has historically been seen as a store of value and a hedge against inflation. If the price of silver rises in the next 5 years, it could attract investors who are looking for alternative assets. This increased interest in silver could spill over into the cryptocurrency market, potentially driving up prices. However, it's important to note that the cryptocurrency market is highly speculative and influenced by many other factors, so the impact of silver prices may be limited and short-term.
  639320