Bitcoin’s growing decoupling from US equities is fueling its appeal as a safe-haven asset alongside gold, BlackRock's Jay Jacobs told CNBC.
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Central banks worldwide are accelerating their diversification strategies amid rising geopolitical uncertainty, increasingly turning to assets like gold and Bitcoin, according to Jay Jacobs, BlackRock’s head of thematics and active ETFs.
In a recent interview with CNBC, Jacobs pointed to a long-term trend where countries have been reducing their reliance on dollar-based reserves in favor of assets like gold and, increasingly, Bitcoin BTC $94,305.
“This whole diversification away from traditional assets and into things like gold and also crypto [...] probably began three, four years ago,” Jacobs explained.
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