🇨🇳 China seems to have decided to move away from the dollar towards Bitcoin and gold, offloading some of its American treasuries (debt securities issued by the US government).

This information was shared by Jay Jacobs from BlackRock in an interview with CNBC. He stated that China, and not only China, has been actively moving away from the dollar in recent years, shifting towards cryptocurrency and precious metals.

Currently, China holds about $784 billion in treasuries, $230 billion in gold, and $18 billion in Bitcoin.

If China starts selling its US debt, experts believe it could seriously impact the American mortgage market - interest rates could skyrocket. However, there is an opinion that they could harm themselves if they begin to offload assets.