BlackRock CEO: Fear Fuels Shift Away From Government Money in Search of Safe Havens

Larry Fink, CEO of Blackrock, highlighted a growing trend among investors seeking refuge from government-backed assets amid rising concerns about inflation and economic instability. He argued that the current environment encourages the purchase of ‘fear assets,’ including cryptocurrencies and precious metals like gold, as these provide protection against potential currency devaluation. In a recent interview at the Future Investment Initiative (FII) conference in Riyadh, Fink explained this shift in investor sentiment to Bloomberg.