Amy Lo, who helps manage money for Asia’s ultra-rich at UBS (a big Swiss bank), says her clients are shifting away from the US dollar.
Where are they heading? Into gold, Chinese Yuan and – wait for it – CRYPTO!.
The US-China trade tensions are pushing investors to spread their money around into other currencies, alternative assets, and yes, crypto, so that their eggs aren’t in one basket.
And now, what does that tell us?
1. The rich are taking crypto more seriously.
If wealthy investors with teams of financial advisors are adding crypto to their portfolios, it reinforces the idea that crypto isn’t just hype. It’s a growing part of long-term wealth planning.
2. Political tension can be good for crypto.
When countries like the US and China are on bad terms, people worry about the economy. That makes them look for investments that aren’t tied to any single country.
3. Diversification is cool
These investors aren’t going all-in on crypto – but they are adding it to the mix alongside gold and commodities.This shows that crypto is starting to be seen as part of a smart, balanced investment strategy.
