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The question of why silver is rising, I asked on Zhihu today.
The answer from Zhihu users is:
The debt-to-GDP ratio of the G7 (the group of developed countries) has not fallen below 100%.
Currently, the only way to solve extreme debt problems is by printing money.
And continuing to print money will only exacerbate inflation and currency devaluation, gradually eroding the credibility of the currency.
Precious metals happen to be one of the effective means to counteract money printing because their supply is not that abundant.
Based on this logic, shouldn't BTC also rise next year, since it's about to start printing money?