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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.

Updated Sep 14, 2021, 8:18 a.m. Published Mar 10, 2020, 4:02 p.m.

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 (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

Volatility Gold Voting Markets poll Safe Haven

John Biggs

John Biggs is an entrepreneur, consultant, writer, and maker. He spent fifteen years as an editor for Gizmodo, CrunchGear, and TechCrunch and has a deep background in hardware startups, 3D printing, and blockchain. His work has appeared in Men’s Health, Wired, and the New York Times. He runs the Technotopia podcast about a better future. He has written five books including the best book on blogging, Bloggers Boot Camp, and a book about the most expensive timepiece ever made, Marie Antoinette’s Watch. He lives in Brooklyn, New York.