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Of course traditional assets are highly uncertain if the world goes tits up, but you were the one hinting that cryptocurrencies would be a good hedge in a dooms
by short_sells_poo 7y ago
Of course traditional assets are highly uncertain if the world goes tits up, but you were the one hinting that cryptocurrencies would be a good hedge in a doomsday scenario.
The truth is that it is extremely difficult to predict what asset to hold in such a case. Physical assets can be confiscated by force, ephemeral assets are likely to just cease to exist.
Perhaps the best hedge is nothing as material as gold, or guns, or money, but having a large and robust network of friends and acquaintances. Ultimately, being connected (not just in a technical sense) is the best enabler of success in or out of a doomsday event I think.