#EthereumFuture 🤑China chooses gold and Bitcoin instead of dollars

China may abandon investments in US government bonds in favor of gold and Bitcoin, said Jay Jacobs, head of active ETFs at BlackRock.

🇨🇳According to him, geopolitical tensions and the freezing of $300 billion in Russian reserves are forcing countries, including China, to reconsider their asset storage strategies.

🔼Bitcoin strengthens its status as 'digital gold' — its correlation with the stock market is decreasing, and BlackRock's ETF has already surpassed its gold fund in assets ($34.3 billion vs. $31.4 billion).