It’s the same thing Interview With CNBC.
Jacobs said that geopolitical tensions and global impregnists have access to diversification strategies among central banks in countries of difference. He highlighted a long -term trend in which nations reduce their recovery on the reserves of a dollar in favor of assets such as gold and, more and more, bitcoin.
This is in diversification of traditional assets to gold and cryptocurrencies […] Started three to four years ago, “said Jacobs, adding that the recent fragmentation of the world has exerted the desire for alternative savings means.
The representative of BlackRock mentioned increasing concerns concerning freeze in the west of $ 300 billion in assets from the Russian central bank. In his opinion, such events have forced countries such as China in Rathink their RSERVE strategies.
Geopolitical fragmentation as a defense force
During the interview, Jacobs said that BlackRock identified multipolarity as a key force that will influence global markets in the coming decades: “We have really identified geopolitical fragmentation as a key force which will be a global engine in the next decades.”
He noted that this environment is the request for facts for the assets of the non -correlated stock markets, with a bitcoin on the sides of Gold as a Safeen asset.
“We have seen significant inputs in gold ETF, we have seen significant entries in Bitcoin behavior,” said Jacobs.
Bitcoin is the security of the stock market
In particular, Jacobs is not the only one to emphasize the correlation of Bitcoin with American actions. Several analysts have also noted that the first cryptocurrency begins to separate from the American stock market.
April 22, Alex Svanevik, co-founder and CEO of Crypto Platform Nansen, Declared That the price of Bitcoin shows a growing mother as a world asset, making sure that “less Nasdaq and more like gold”.
He added that Bitcoin turned out to be “remarkably resilient” in the face of the trade war compared to altcoins and clues like the S&P 500, although it remains vulnerable to the economic fears of recessions.
Echoing this point of view, QCP capital in a report of April 21 shared the fame of Gold as a coverage against macroeconomic uncertainty.
“With the stock markets ending last week in the red, by continuing the decline of April, the Bitcoin account as a protectivectivective or cover tool in the field is again wins. Continue, it is providing additional imports for the institutional investment of Bitcoin,” summarizes the QCP capital.
