This year, we all are are fascinated by the growing Bitcoin Prices. Up Up Up and Away better suits the way Botcoin surges in 2021. The rise was such that Bitcoin started to replace Gold as the major commodities. It was the spark that every crypto enthusiast dreamed all through the year.
However, there is one particular metal named IRIDIUM who roses from.ashes to beat the prices of Gold and proves to give better return than Bitcoin.
Iridium, one of the rarest precious metals and mined as a byproduct of platinum and palladium, has surged 131% since the start of January, far beating Bitcoin’s 85% gain.
That gives a clear indication how the commodities markets fairing even at the backdrop of glamorous crypto world. While Bitcoin the main crypto market player surges only 85 % , at the same time Iridium silently get past it and rose to 131%.
Iridium, which is used in spark plugs and used in electronic screens, has climbed to $6,000 an ounce. However this hidden metals comes up with more market challenges. This metal is not traded in any exchanges. Also this metal has a disrupted supply.
As a by product of main metal, part of Iridium’s appeal comes from the limited production of Platinum, which is largely used in autocatalysts to curb emissions.
First, Gold then Silver and now Iridium, the list keeps going long. Looking at the sharp rise, it's not too late we could see a major shift of investment for this metal, which already shining like nothing.
Just keep an I !