I talked to my brother who is an Edward Jones Financial advisor. Told him 5 months ago I wanted to 'take some off the top' on my traditional investments to fix up my house.
...
Then the last hedge is the BTC and Crypto Hodl Hoard, in case everything really goes to hell. Also, of course, have NO DEBT.
So from a 'coping mechanism' point of view on economy/politics/etc out of my control, it seems to be all covered.
Any other hedging from economic calamity will require a bunker being dug and me learning how to can food. (a step too far IMHO)
So bring it on World.
Bitcoin HODL has made me 'brave as f*ck'
Ok. I tend to run along the lines that one should always have assets that can be drawn down for expenses in any situation. When times are great, sell some stocks to pay for things. When times are bad, sell some gold. And when times are really bad... well the technical experience on safe cracking can probably be put to use rescuing things from locked safes (happens).
What annoyed me about 2008 was that ALL asset classes were collapsing. Even as I mentioned Gold, which was dropping through the 700's. Fortunately I had some cash around so I just drew on that till shit got less crazy. Debt most of all, I remember people saying you should just have a big HELOC as your "cash reserve". Those got locked out really quickly, people who depended on that got fucked.
Bitcoin seems to move in tandem with the market, which is odd as people are looking for places to hold their cash because cash is going to be worth shit with heavy inflation around the corner (go ahead, print money). Bitcoin is pretty immune to that problem. We shall see.
It's that time in the cycle to say "place your bets kids". Annoying we have to go through this shit, but that's what happens when your money is manipulated by idiots....