Are you kidding? Please, look at the charts of ethereum and bitcoin. There are the very strong downtrends in these assets. I am already tired to watch these downtrends. Last several days I saw quotations and market was stably in the red zone showing from -3% to -20% by assets. I think that in such a situation it is strange to talk about a safe haven because I am sure that prices will continue slashing.
It is a pity that I am still holding ETH and I acknowledge that I have mistaken with this bought. Well, I am frank with you talking about the current market situation and I consider that crypto assets in the current moment of time is not a good choice for investing and I am not sure that crypto assets will be strong in a period of the further crisis.
You are only seeing things as they are now, we are talking about how the events may unfold in the future in the case of a crisis, and we have seen several local examples of this and one of the most notorious is Venezuela, the inflation in that country is terrible and people are looking for ways to improve their situation, some use dollars but dollars are scarce in their country and many people have began using bitcoin and other crypto to store their wealth.
In the case the US dollar fails what can you use to protect yourself from that? Gold and silver are good options but not many have them and can be easily confiscated, but cryptocurrencies can be held without no one knowing you have them and even if someone knows they cannot take them away without your keys so in that way crypto is safer to store than gold or silver.
Yes, the financial anonymity can be very important during the times of an economical crisis, so the crypto currencies can be useful for saving a wealth. But I don't see any failure of USD. In contrary, currently the US dollar is a very profitable asset in comparing to the fiat currencies of other countries. Recently some of these fiat currencies have crashed down to 20%. Who knows, maybe non-US investors sold their crypto currencies and bought the US dollars to exchange them later and gain profits. In my opinion, the investment portfolio should be diversified by crypto and fiat.