Which investment type typically has the least risk?

Bonds typically represent the investment type with the least risk among the given options. This is largely because bonds are debt instruments issued by governments or corporations that pay fixed interest over a specific period and return the principal at maturity. Government bonds, especially those issued by stable governments, are often considered very safe, as they are backed by the government's ability to tax and create money.

In contrast, stocks are subject to market volatility and can experience significant price fluctuations based on company performance and market conditions. Cryptocurrencies tend to be even more volatile, with their prices influenced by market sentiment, regulatory news, and technological developments, making them high-risk investments. Futures contracts involve agreements to buy or sell an asset at a future date for a predetermined price, and they can involve significant leverage, increasing both potential gains and potential losses, thus carrying a higher risk.

Overall, the fixed income nature of bonds and their generally more stable performance set them apart as the least risky investment option compared to stocks, cryptocurrencies, and futures contracts.