Source: YouTubeRelated: Crypto, stocks enter ‘new phase of trade war’ as US-China tensions riseGeopolitical fragmentation to shape global marketsDuring the interview, Jacobs said BlackRock, the world’s largest asset manager, has identified geopolitical fragmentation as a defining force for global markets over the coming decades:“We really identified geopolitical fragmentation as a mega force that is driving the world forward over the next several decades.”He noted that this environment is fueling demand for uncorrelated assets, with Bitcoin increasingly viewed alongside gold as a safe-haven asset.“We’ve seen significant inflows into gold ETFs.
On April 22, Alex Svanevik, co-founder and CEO of the Nansen crypto intelligence platform, said Bitcoin’s price is showcasing its growing maturity as a global asset, becoming “less Nasdaq — more gold.”He added that Bitcoin was “surprisingly resilient” amid the trade war compared to altcoins and indexes like the S&P 500, but remains vulnerable to economic recession concerns.
He pointed to a long-term trend where countries have been reducing their reliance on dollar-based reserves in favor of assets like gold and, increasingly, Bitcoin (BTC).“This whole diversification away from traditional assets and into things like gold and also crypto [...] probably began three, four years ago,” Jacobs explained.
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Author / Journalist: Cointelegraph by Amin Haqshanas
The story "China may shift from US Treasurys toward gold, crypto — BlackRock exec" has 446 words across 19 sentences, which will take approximately 2 - 4 minutes for the average person to read.
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