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.

AccessTimeIconMar 10, 2020 at 4:02 p.m. UTC
Updated Sep 14, 2021 at 8:18 a.m. UTC

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.

CoinDesk - Unknown

The write-in votes were interesting, as well. Calling us out for not mentioning bitcoin (BTC) was a big favorite.

While others were waxed philosophical, noting the real financial markets were the friends we met along the way:

Still others advised calm. After all, when you don't know what to do, do nothing.

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.

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.

Trending

1
CoinDesk - Unknown
The Dollar Wrecking Ball

The DXY hits its highest levels since 2002.

CoinDesk - Unknown
2
CoinDesk - Unknown
Ethics Watchdog Bars US Government Employees From Writing Crypto Policy if Invested

A new legal advisory from the Office of Government Ethics bars federal workers who own crypto from working on policies that could influence the value of their digital assets.

CoinDesk - Unknown
3
CoinDesk - Unknown
Market Wrap: BTC Settles at $20K as Voyager Files for Bankruptcy

The Toronto-based crypto lender is the second high-profile crypto firm to do so in July.

CoinDesk - Unknown
4
CoinDesk - Unknown
CoinDesk Industry Group Select Equal Weight Index (DIGS)
CoinDesk - Unknown