Central banks, especially China, may start away from US Treasury bonds, and explore alternatives such as gold and bitcoin, according to Jay Jacobs, Blackrock President of the season and active traded investment funds.
In a conversation interview With CNBC, Jacobs said that geopolitical tensions and high global uncertainty accelerate diversification strategies between central banks.
He referred to a long -term trend, as the two countries reduce their dependence on dollar -based reserves, such as gold, and increasingly, Bitcoin (BTC).
“This diversification is all far from traditional assets and to things like gold and also encryption […] It may have started three years, four years ago, ”Jacobs explained.
He said that the recent geopolitical fragmentation had intensified pressure towards alternative stores with value.
Jacobs referred to increasing concerns about the freezing of $ 300 billion in the assets of the Russian Central Bank after its invasion of Ukraine, indicating that such events prompted countries like China to rethink its reserve strategies.
https://www.youtube.com/watch?
Blackrock Executive Jay Jacobs on CNBC. Source: YouTube
Related to: Checks, stocks enter a “new stage of trade war” with the rise in US -Chinese tensions
Geopolitical fragmentation to form global markets
During the interview, Jacobs said that Blackrock, the largest asset manager in the world, has determined the geopolitical division as a distinctive force for global markets over the coming decades:
“We have really identified the geopolitical division as a huge power that pushes the world forward for the next few decades.”
He pointed out that this environment feeds the demand for unrelated assets, as Bitcoin was increasingly displayed alongside gold as a safe origin.
“We have seen significant flows in the investment funds circulating in gold,” said Jacobs.
Related to: Bitcoin ‘Decouples “, shares lose $ 3.5T amid Trump’s tariff war and warn of” high inflation “
Investors highlight the dismantling of Bitcoin
It is worth noting that Jacobs is not alone in emphasizing the bitcoin affiliated with American stocks. Many analysts also noted that Bitcoin began separating it from the US stock market.
On April 22, Alex Alexanvik, co-founder and CEO of the Nansson Checks platform, said the price of Bitcoin offers its growing maturity as a global origin, to become “less than Nasdak-more gold”.
He added that Bitcoin was “amazingly flexible” in the trade war compared to Altcoins and indicators like the S& P 500, but it is still vulnerable to economic recession fears.
Echorating from this feeling, QCP Capital said in Telegram note on April 21 that Bitcoin seems to be involved in some of the GOLD lights as a hedge against total economic uncertainty.
She wrote: “With the completion of the shares last week in red and extending to the clouds in April, the BTC narration as a safe haven or the hedge of inflation is gaining again.
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