UBS: High net worth clients are abandoning the dollar in favor of gold, Crypto Assets, and Chinese assets.

UBS executives said that high-net-worth clients are withdrawing from US dollar assets and switching to gold, cryptocurrencies and the Chinese market due to Sino-US trade tensions and safe-haven demand, indicating a shift in global asset allocation strategies. (Synopsis: Microstrategy Michael Saylor talks in depth about why BTC is the world's strongest safe-haven asset, there is no one) (Background supplement: Heavy "US Office of the Comptroller of the Currency: Banks can freely trade crypto assets and custody without prior approval) UBS high-net-worth clients are accelerating their withdrawal from US dollar assets and turning to gold, cryptocurrencies and the Chinese market. Speaking at the Bloomberg New Voices event in Hong Kong on May 14, Amy Lo, Co-Head of Wealth Management at UBS Asia, noted that investors are actively seeking to diversify their asset allocations against the backdrop of US-China trade tensions. A new safe-haven favorite: crypto assets Amy Lo said its high-net-worth clients are increasingly moving money out of their "fairly US-centric" portfolios. Against this trend, gold is favored for its traditional hedging function and ability to hedge against dollar fluctuations, she bluntly said: "Gold is very popular now." In addition, Basel III's reclassification of gold as a Tier 1 asset not only enhances its status as a highly liquid asset, but also partly explains the recent strong performance of the gold price. At the same time, despite the high volatility, cryptocurrencies (especially Bitcoin), as new safe-haven assets that the wealthy are beginning to be interested in, are attracting investors looking for non-correlated assets due to their unique risk-diversification properties. Funds also went to commodities, other alternative assets, and the Chinese market, which has growth potential. These trends underscore the strong demand from large investors for risk aversion, risk diversification and the search for new growth sources at a time when market volatility is triggered by ongoing US-China trade tensions. Looking ahead, Amy Lo's expected view is: "Volatility will definitely continue." The impact of the great transfer of assets by the rich will gradually change the market. Related Stories MicroStrategy Michael Saylor Ultra-in-depth details why BTC is the world's strongest safe-haven asset, there is no one Bitcoin market value returns to $2 trillion, surpassing e-commerce leader Amazon (Amazon) to become the world's fifth largest asset Heavy" US Office of the Comptroller of the Currency: Banks can freely trade crypto assets and custody without prior approval UBS: High-net-worth customers are abandoning the dollar , Switching to Gold, Cryptocurrencies and Chinese Assets" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".