Forget Bitcoin! Here’s what I’m buying after the FTSE 100’s recent slump

Over the past two weeks, investors have been running for cover to avoid the recent bout of market volatility. One asset attracting attention as a haven in stormy waters is Bitcoin. However, while the cryptocurrency might look like an attractive investment in the current environment, it has its flaws.

Bitcoin’s flaws 

Indeed, one of the reasons why Bitcoin hasn’t really taken off as an independent currency is that it’s difficult to trade. Its value is also highly volatile. The price of the cryptocurrency can move hundreds of dollars in just a few seconds. That makes it pretty unreliable as a currency.

The costs of buying and selling Bitcoin is also quite high compared to regular investments. As such, it might be better to avoid it altogether. High-quality, blue-chip income stocks could be a better investment.

Blue-chip investments

There are a handful of FTSE 100 companies that seem well-placed to weather the current storm. These include consumer goods giant Unilever,…