Oil, gold, and digital assets may be the new safe haven when it comes to sheltering investments during economic downturns. We know that gold has always been classified as a good bet and that bitcoin is dubbed “digital gold.”
The digital asset bitcoin has been around since 2008, just after the onset of the last major recession. This has given it the benefit of coming out in front as the most popular asset in the class. However, it does not mean that it is the only asset in this space, or that it will remain the front runner.
There are many more digital assets that have sustainable business use cases, transforming the way that the world operates.
In times of crisis, like that which we are all experiencing now, new systems take hold that reshape society’s idea of normal. The bigger the crisis, the bigger the change. When was the last time economies shut down entire sectors of the business community? The changes that erupt from this pandemic will be massive and it seems that digital assets may have a place in the aftermath. Just listen for the words “liquidity” and “crisis” from the mouths of nation’s leaders. There are options available in the digital asset sphere that can substantially help mitigate such instances.
All opinions are my own and should not be considered investment advice. I am doing this to provide entertainment.