Related: Bitcoin acts like ‘store of value that it is’ amid Trump policy chaos: NYDIGBitcoin viewed as a store of valueIn a recent note, Galaxy Digital analysts said Bitcoin is increasingly being viewed as a digital store of value, noting growing interest from institutions, exchange-traded funds (ETFs) and even governments.“Bitcoin’s supply and demand dynamics are solidifying its place as a mature digital store of value,” said Ian Kolman, co-portfolio manager at Galaxy.
High-net-worth clients across Asia are gradually pivoting away from US dollar-based investments, favoring gold, cryptocurrencies and Chinese assets instead, according to financial services giant UBS Group.“Gold is getting very popular,” Amy Lo, the Swiss bank’s co-head of wealth management for Asia, said during Bloomberg’s New Voices event held in Hong Kong on May 13.
US-China tariff truce sparks investor optimismChristina Au-Yeung, head of Investment Management Services at Morgan Stanley Private Wealth Management Asia, told Bloomberg that a recent tariff truce between the US and China has created renewed investor optimism.“We are seeing an emergence of really interesting themes coming back out in China,” she said.
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Author / Journalist: Cointelegraph by Amin Haqshanas
The story "Asia’s wealthy shifting from US dollar to crypto, gold, China: UBS" has 487 words across 19 sentences, which will take approximately 3 - 5 minutes for the average person to read.
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