The global financial world is undergoing a major shift. One of the largest banks in the world, Union Bank of Switzerland (UBS), revealed that its wealthiest clients are starting to move away from US dollar assets and are transitioning to crypto, gold, and Chinese stocks.
This was directly stated by Amy Lo, Co-Head of Wealth Management at UBS, who noted that conglomerates are now more comfortable holding their wealth in alternative assets to avoid the risks posed by geopolitical tensions and market volatility.
> "UBS's wealthy clients are increasingly distancing themselves from US dollar assets and turning to gold, crypto, and Chinese stocks," she said, quoted from Bloomberg.
Why Are Crypto and Gold the Choice?
The trade tensions between the United States and China have become one of the main triggers. The retaliatory tariff policies that had heated up have created global uncertainty, leading ultra-wealthy investors to choose asset diversification to maintain their wealth stability.
Currently, gold is the most popular asset, followed by crypto such as Bitcoin and Ethereum, which are increasingly regarded as "digital gold" by many institutional investors.
Tariffs Ease, But Confidence Has Already Shifted
Although the two superpowers have now suspended tariff retaliation for 90 days, the impact is already being felt. The US has cut tariffs on Chinese goods from 145% to 30%, while China has reduced tariffs on US goods from 125% to 10%. Nevertheless, the shift of assets to crypto and gold seems set to continue.
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Conclusion: Strong Signals for Retail Investors
This phenomenon serves as an important signal for retail investors: crypto and gold are no longer fringe assets but are now part of the investment strategies of the world’s conglomerates. If the big players are starting to enter, will you be left behind?