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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.
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Our financial times are getting weird, so we asked you, CoinDesk readers, where you saw the safest port in the storm. Your answers?
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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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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Yang perlu diketahui:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Here’s why bitcoin’s is failing its role as a 'safe haven' versus gold
Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash.
Yang perlu diketahui:
- During recent geopolitical tensions, Bitcoin lost 6.6% of its value, while gold rose 8.6%, demonstrating bitcoin's vulnerability in times of market stress.
- Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash, contrary to its reputation as a stable digital asset.
- Gold remains the preferred hedge for short-term risks, while bitcoin is better suited for long-term monetary and geopolitical uncertainties that unfold over years.
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