China Bets on Gold and Bitcoin Instead of the Dollar

China may begin selling off American government bonds in favor of gold and cryptocurrencies, said the head of active ETFs at BlackRock. Against the backdrop of geopolitical tension and the freezing of Russian reserves, countries are re-evaluating their asset storage strategies, and Bitcoin is increasingly seen as "digital gold".

❗️The correlation between cryptocurrencies and the stock market is decreasing, and the market capitalization of Bitcoin-based ETFs has already surpassed BlackRock's gold fund ($34.3 billion vs. $31.4 billion), enhancing its appeal as an alternative asset.#gold #BTC