Shifting Sands: Asian Millionaires Embrace Gold and Crypto Amid Dollar Uncertainty

Asia’s wealthiest individuals are increasingly distancing themselves from the US dollar, seeking refuge in gold and cryptocurrencies instead. Chinese investments and Bitcoin are experiencing a surge in popularity as portfolios shift away from traditional safe haven assets towards newer, more volatile options. This trend of diversification is particularly pronounced among Asia’s high-net-worth investors, according to a recent UBS Group report that highlights declining demand for US dollar-linked investments.