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When the Going Gets Weird, CoinDesk Readers Look for These Safe Havens
We asked CoinDesk readers where they're putting their money in this weird financial period. The answers were surprising.
By John Biggs
Updated Sep 14, 2021, 8:18 a.m. Published Mar 10, 2020, 4:02 p.m. 1 min read
Our financial times are getting weird, so we asked you, CoinDesk readers, where you saw the safest port in the storm. Your answers?
When the market is in turmoil, where should you invest?
— CoinDesk (@CoinDesk) March 9, 2020
Out of over 8,200 votes, cryptocurrency beat out gold by over 50 percentage points while treasuries got a meager 3.6 percent of the vote. An expected result for a group of die-hard crypto fans.
The write-in votes were interesting, as well. Calling us out for not mentioning bitcoin was a big favorite.
Why is there no Bitcoin option?
— hodlonaut🌮⚡🔑 (@hodlonaut) March 9, 2020
While others were waxed philosophical, noting the real financial markets were the friends we met along the way:
The best investment is investing in yourself 😀
— Doo | MakerDAO | Asia (@DooWanNam) March 10, 2020
Still others advised calm. After all, when you don't know what to do, do nothing.
You should stay calm and not make any rash decisions.
— kleydints - building #dapps for a better future (@kleydints) March 9, 2020
Yours truly, however, felt there were far better ways to spend your cash. I have a Chef Robuchon in stained condition that I hope to one day trade for a used Camry.
Beanie Babies
— John Biggs (@johnbiggs) March 9, 2020
The voting is still open so head over and make your voice heard.
Photo by Element5 Digital on Unsplash
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- Major cryptocurrencies lagged the macro rally, with bitcoin, ether and other large-cap tokens falling around 2% to 6% amid cooling...
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