I still think Real Estate (properties but also including land assets) is the safest haven. It's the best hedge against inflation and economic collapse, as people still need a place to live and there is a finite supply of land available to build/inhabit in.
Crypto has a world of potential, but we might not yet be in that world. It could very well take a total collapse of the US Economic system (looking to have a high potential at this point) to set the stage for a decentralized form of currency that can connect the "unheard" masses and get the greedy hands of the central banks out of the finances of the average person and business.
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Here's the downside:
-Real estate can be compulsorily acquired by the Government.
-It is not immovable and cannot be transferred across boarders.
-Huge friction in transaction costs (both to buy and sell).
-Maintenance costs ongoing.
-Requires ongoing effort if renting it to earn a yield.
-Can be heavily taxed (both on acquisition, on an ongoing basis, and massively via capital gains tax on any sale).
-For most people is leveraged, and value is thus highly influenced via interest rates. (This can be both a positive of a negative).
-Virtually unlimited supply can be produced in most countries, unless a very small place like HK or Singapore or Monaco (via more apartments that can be built upwards on plots of land).
