Business
These Doomsday Preppers Are Starting to Switch From Gold to Bitcoin
- Doomsday preppers in North America bet on bitcoin
- Cryptocurrency is starting to impinge on gold's appeal
This article is for subscribers only.
Wendy McElroy is ready for most doomsday scenarios: a one-year supply of nonperishable food is stacked in a cellar at her farm in rural Ontario. Her blueprint for survival also depends upon working internet: part of her money, assuming she needs some after civilization collapses, is in bitcoin.
Across the North American countryside, preppers like McElroy are storing more and more of their wealth in invisible wallets in cyberspace instead of stockpiling gold bars and coins in their bunkers and basement safes.