China may turn from the American Treasury towards gold and encryption – Blackrock Exec

Central banks, especially China, may start away from US Treasury bonds, and explore alternatives such as gold and bitcoin, according to Jay Jacobs, Blackrock President of the season and active traded investment funds.

In a conversation interview With CNBC, Jacobs said that geopolitical tensions and global uncertainty are accelerating Diversification strategies Among the central banks.

He referred to a long -term trend, as the two countries reduce their dependence on dollar -based reserves, such as gold, and increasingly, Bitcoin (BTC).

“This diversification is all far from traditional assets and to things like gold and also encryption […] It may have started three years, four years ago, ”Jacobs explained.

He said that the recent geopolitical fragmentation had intensified pressure towards alternative stores with value.

Jacobs referred to increasing concerns about the freezing of $ 300 billion in the assets of the Russian Central Bank after its invasion of Ukraine, indicating that such events prompted countries like China to rethink its reserve strategies.

https://www.youtube.com/watch?

Blackrock Executive Jay Jacobs on CNBC. Source: YouTube

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Geopolitical fragmentation to form global markets

During the interview, Jacobs said that Blackrock, the largest asset manager in the world, has determined the geopolitical division as a distinctive force for global markets over the coming decades:

“We have really identified the geopolitical division as a huge power that pushes the world forward for the next few decades.”

He pointed out that this environment feeds the demand for unrelated assets, as Bitcoin was increasingly displayed alongside gold as a safe origin.

“We have seen significant flows in the investment funds circulating in gold,” said Jacobs.

Related to: Bitcoin ‘Decouples “, shares lose $ 3.5T amid Trump’s tariff war and warn of” high inflation “

Investors highlight the dismantling of Bitcoin

It is worth noting that Jacobs is not alone in emphasizing the bitcoin affiliated with American stocks. Many analysts also noted that Bitcoin began separating it from the US stock market.

On April 22, Alex Svanvik, co -founder and CEO of the Nansson Intelligence platform said Bitcoin price offered its growing entitlement As a global origin, to become “less than Nasdak – more gold”.

He added that Bitcoin was “amazingly flexible” in the trade war compared to Altcoins and indexes Such as S & P 500But it is still vulnerable to economic recession concerns.

This feeling echoed, QCP CAPITAL said in Telegram note on April 21 Bitcoin seems to have been sharing some of the golden spotlight As a hedge against total economic uncertainty.

She wrote: “With the completion of the shares last week in red and extending to the clouds in April, the BTC narration as a safe haven or the hedge of inflation is gaining again.

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