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Crypto And Gold Attract The Wealthy As They Dump Dollar Assets

According to UBS, its high‑net‑worth clients in Asia have started to pull money out of assets tied to the US dollar. Amy Lo, co‑head of wealth management for Asia at UBS, says many feel uneasy about holding too much of their net worth in one currency.

Years of steady growth and a deep financial market haven’t been enough to keep them fully invested. New tariffs and trade disputes have shaken their faith.

Based on reports from UBS, gold is back in fashion. It’s an old‑school hedge that isn’t tied to any single government or bank. Prices have climbed as clients buy bullion to spread risk. At the same time, cryptocurrencies like Bitcoin and Ethereum are getting a fresh look.

Crypto And Gold Attract The Wealthy As They Dump Dollar Assets

According to UBS, its high‑net‑worth clients in Asia have started to pull money out of assets tied to the US dollar. Amy Lo, co‑head of wealth management for Asia at UBS, says many feel uneasy about holding too much of their net worth in one currency.

Years of steady growth and a deep financial market haven’t been enough to keep them fully invested. New tariffs and trade disputes have shaken their faith.

Based on reports from UBS, gold is back in fashion. It’s an old‑school hedge that isn’t tied to any single government or bank. Prices have climbed as clients buy bullion to spread risk. At the same time, cryptocurrencies like Bitcoin and Ethereum are getting a fresh look.

https://bitcoinist.com/crypto-and-gold-attract-the-wealthy-as-they-dump-dollar-assets/