China intends to divest part of its US Treasury holdings, estimated at 784.3 billion USD, opting instead to invest in Bitcoin and gold to strengthen its economic standing amid global tensions.
Experts suggest that China’s move away from US assets could destabilize global finance, especially if it sells mortgage-backed securities, potentially causing US mortgage rates to spike.
According to Jay Jacobs from BlackRock, Bitcoin thrives in uncertain times, contrasting with traditional assets that rely on stability, indicating a shift in investment strategies among central banks.
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