Asia's wealthy relocation of US dollars to crypto, gold, China: UBS

According to UBS Group in the US dollar dollars, the investments in the US dollar-based investments, which prefer gold, cryptocurrencies and Chinese assets throughout Asia.

“Gold is very popular,” said Amy Lo, the co-head for wealth management of Swiss Bank for Asia, while Bloomberg's new Voices event on May 13th in Hong Kong.

It cited rising geopolitical uncertainty and persistent market volatility as the main factors for the shift. Investors who are traditionally focused on US assets are now looking for a broader commitment to alternative asset classes, including crypto, raw materials and other currencies.

Lo said: “Volatility is definitely here to stay”, which causes customers to replace safe ports and growth opportunities perceived in new regions.

After years of damped interest restored China, the ultra-rich regains the traction again. Lo found that customers who previously avoided the engagement in China are now proactively asking about investment opportunities.

The Benchmark Index of Hong Kong, which was strongly composed of Chinese companies, developed in 2024 as one of the world's leading performers, which further develops interest.

The latest survey by Bank of America's Contest Fund Manager also shows that global fund managers significantly reduce their commitment in the US dollar in May and mark the largest underweight position in 19 years.

Related: Us Bitcoin Reserve vs. Gold and oil reserves: How do you compare?

US CHINA tariff Waffe arrest Sparks Investor Optimism

Christina Au-Yeung, head of investment management services at Morgan Stanley Private Wealth Management Asia, said Bloomberg that a new tariff armory recently created by the USA and China for another investor optimism.

“We see a origin of really interesting topics in China,” she said.

Au-yung also pointed out a growing, risk-related way of thinking among the richest customers in Asia. The company now recommends a balanced portfolio allocation, including 40% solid income, 40% shares, 15% alternatives and the rest in cash or equivalent.

On May 11, the United States and China announced an agreement on the temporary reduction in tariffs for the other's goods. After business, the United States will reduce tariffs for Chinese imports from 145% to 30%, while China reduce the tasks for American goods from 125% to 10%.

Related: Bitcoin looks like “value of the value it is” in the middle of Trump politics chaos: Nydig

Bitcoin considered a value memory

In a recently published indication that the digital analysts of Galaxy information that Bitcoin is increasingly regarded as a digital value memory, with growing interest in institutions, stock market funds (ETFs) and even governments being determined.

“Bitcoin's offer and after-frame dynamics consolidates its place as a mature digital value memory,” said Ian Kolman, co-portfolio manager at Galaxy.

Jay Jacobs supported this view and found on April 25 that the nations are increasingly gone from the US dollar reserves, and instead turned to assets such as gold – and now Bitcoin (BTC) – as part of a broader shift in the reservategory.

Magazine: Metric signals $ 250,000 Bitcoin is 'best case', Sol, Hype typed for profits: trade secrets