China Chooses Gold and Bitcoin Over Dollars
China may shift away from investing in U.S. government bonds to gold and bitcoin, said Jay Jacobs, head of active ETFs at BlackRock.
🇨🇳 Geopolitical tensions and the freezing of $300 billion in Russian reserves are forcing countries, including China, to reconsider their asset storage strategies, he said.
🔼 Bitcoin is strengthening its status as “digital gold” – its correlation with the stock market is falling, and BlackRock’s ETF has already overtaken their gold fund in assets ($34.3 billion versus $31.4 billion).
#TariffPause #BinanceAlphaAlert #dinnerwithtrump #MarketRebound #USStockDrop