Gold and silver have long been labeled as “safe havens,” but recent market developments have called this concept into question. When volatility spikes, gold prices and especially silver can still experience deep corrections, even with larger swings than Bitcoin – an asset often considered risky. With a market capitalization of about $30 trillion for gold and $5 trillion for silver, many expect a level of stability proportional to their size. However, the market shows that large capitalization does not necessarily mean less volatility.\nIf an asset can decline sharply in a short period, its inherent nature remains market risk. Thousands of years of history do not automatically guarantee a permanent role. Carriages once dominated for a long time before being replaced by internal combustion engines. The development of civilization always involves technological and asset storage value replacements.\nBitcoin offers a different model: a limited supply, no arbitrary issuance, and all transactions are transparent. In a context where trust in the traditional financial system has been repeatedly challenged, scarcity and verifiability become significant advantages. The history of precious metals also includes periods of manipulation, such as the Hunt brothers’ event in 1980 with the silver market.\nUltimately, what investors need to consider is not the age of the asset but the profit-to-risk ratio. The market always has a lag in perception. When value is “rediscovered,” the majority’s viewpoint will also change.

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