The post China may shift from US Treasurys toward gold, crypto — BlackRock exec appeared on BitcoinEthereumNews.com.

Central banks, particularly China, may start to shift away from US Treasurys, exploring alternatives such as gold and Bitcoin, according to Jay Jacobs, BlackRock’s head of thematics and active ETFs. In a recent interview with CNBC, Jacobs said that geopolitical tensions and rising global uncertainty are accelerating diversification strategies among central banks. He pointed to a long-term trend where countries have been reducing their reliance on dollar-based reserves in favor of assets like gold and, increasingly, Bitcoin (BTC). “This whole diversification away from traditional assets and into things like gold and also crypto […] probably began three, four years ago,” Jacobs explained. He said that recent geopolitical fragmentation has intensified the push toward alternative stores of value. Jacobs referenced growing concerns about the freezing of $300 billion in Russian central bank assets following its invasion of Ukraine, suggesting that such events have prompted countries like China to rethink their reserve strategies. BlackRock executive Jay Jacobs on CNBC. Source: YouTube Related: Crypto, stocks enter ‘new phase of trade war’ as US-China tensions rise Geopolitical fragmentation to shape global markets During the interview, Jacobs said BlackRock, the world’s largest asset manager, has identified geopolitical fragmentation as a defining force for global markets over the coming decades: “We really identified geopolitical fragmentation as a mega force that is driving the world forward over the next several decades.” He noted that this environment is fueling demand for uncorrelated assets, with Bitcoin increasingly viewed alongside gold as a safe-haven asset. “We’ve seen significant inflows into gold ETFs. We’ve seen significant inflows into Bitcoin. And this is all because people are looking for those assets that will behave differently,” Jacobs said. Related: Bitcoin ‘decouples,’ stocks lose $3.5T amid Trump tariff war and Fed warning of ‘higher inflation’ Investors highlight Bitcoin decoupling Notably, Jacobs is not alone…

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Filed under: News - @ April 26, 2025 2:23 am