{"id":127961,"date":"2025-04-25T12:16:33","date_gmt":"2025-04-25T12:16:33","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127961"},"modified":"2025-04-25T12:16:33","modified_gmt":"2025-04-25T12:16:33","slug":"china-may-shift-from-us-treasurys-toward-gold-crypto-blackrock-exec","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127961","title":{"rendered":"China may shift from US Treasurys toward gold, crypto \u2014 BlackRock exec"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCentral banks, particularly China, may start to shift away from US Treasurys, exploring alternatives such as gold and Bitcoin, according to Jay Jacobs, BlackRock\u2019s head of thematics and active ETFs.<br \/>\nIn a recent interview with CNBC, Jacobs said that geopolitical tensions and rising global uncertainty are accelerating diversification strategies among central banks.<br \/>\nHe 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).<br \/>\n\u201cThis whole diversification away from traditional assets and into things like gold and also crypto [&#8230;] probably began three, four years ago,\u201d Jacobs explained.<br \/>\nHe said that recent geopolitical fragmentation has intensified the push toward alternative stores of value.<br \/>\nJacobs 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.<br \/>\nBlackRock executive Jay Jacobs on CNBC. Source: YouTubeRelated: Crypto, stocks enter \u2018new phase of trade war\u2019 as US-China tensions rise<br \/>\nGeopolitical fragmentation to shape global markets<br \/>\nDuring the interview, Jacobs said BlackRock, the world\u2019s largest asset manager, has identified geopolitical fragmentation as a defining force for global markets over the coming decades:<br \/>\n\u201cWe really identified geopolitical fragmentation as a mega force that is driving the world forward over the next several decades.\u201d<br \/>\nHe noted that this environment is fueling demand for uncorrelated assets, with Bitcoin increasingly viewed alongside gold as a safe-haven asset.<br \/>\n\u201cWe\u2019ve seen significant inflows into gold ETFs. We\u2019ve seen significant inflows into Bitcoin. And this is all because people are looking for those assets that will behave differently,\u201d Jacobs said.<br \/>\nRelated: Bitcoin \u2018decouples,\u2019 stocks lose $3.5T amid Trump tariff war and Fed warning of \u2018higher inflation\u2019<br \/>\nInvestors highlight Bitcoin decoupling<br \/>\nNotably, Jacobs is not alone in stressing Bitcoin\u2019s declining correlation with US equities. Several analysts have also observed that Bitcoin is beginning to decouple from the US stock market.<br \/>\nOn April 22, Alex\u00a0Svanevik, co-founder and CEO of the Nansen crypto intelligence platform, said Bitcoin\u2019s\u00a0price is showcasing its growing maturity as a global asset, becoming \u201cless Nasdaq \u2014 more gold.\u201d<br \/>\nHe added that Bitcoin was \u201csurprisingly resilient\u201d amid the trade war compared to altcoins and indexes\u00a0like the S&amp;P 500, but remains vulnerable to economic recession concerns.<br \/>\nSource: Alex SvanevikEchoing this sentiment, QCP Capital said in an April 21 Telegram note that Bitcoin seemed to be sharing some of gold\u2019s limelight as a hedge against macroeconomic uncertainty.<br \/>\n\u201cWith equities finishing last week in the red and extending an April drawdown, the narrative of BTC as a safe haven or inflation hedge is once again gaining traction. Should this dynamic hold, it could provide a fresh tailwind for institutional BTC allocation,\u201d it wrote.<br \/>\nMagazine:\u00a0Ethereum is destroying the competition in the $16.1T TradFi tokenization race<a href=\"https:\/\/cointelegraph.com\/news\/china-shift-us-treasuries-gold-bitcoin-blackrock-jay-jacobs?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCentral banks, particularly China, may start to shift away from US Treasurys, exploring alternatives such as gold and Bitcoin, according to Jay Jacobs, BlackRock\u2019s head of thematics and&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127961"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127961"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127961\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127961"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}