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.
Mar 10, 2020 at 4:02 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/WLUY2PA4UNHB7I25ARBWQUTQAM.jpg)
Photo by Element5 Digital on Unsplash
Our financial times are getting weird, so we asked you, CoinDesk readers, where you saw the safest port in the storm. Your answers?
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.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/XD5NSWPEMFEUVNIODQKKGLJE3I.png)
The write-in votes were interesting, as well. Calling us out for not mentioning bitcoin (BTC) 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
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
:format(webp)/downloads.coindesk.com/arc/failsafe/user/1x1.png)
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.