Глава BlackRock: Защитные активы в условиях глобального финансового беспокойства Translation: BlackRock CEO: Safe Assets Amid Global Financial Concerns

Investors are turning to gold and cryptocurrencies due to concerns about capital preservation amid rising government debt globally. This was stated by Larry Fink, CEO of BlackRock, at a conference in Saudi Arabia.

*“Cryptocurrencies and gold have become instruments for hedging against fear. Investors are worried about the devaluation of traditional assets and their financial and physical security,”* he explained.

Since the beginning of the year, the price of the precious metal has risen by over 50%. On October 17, it reached a historic high of $4,380 per ounce. Currently, its price has corrected to approximately $3,900.

The market capitalization of gold has, for the first time in history, risen to $30 trillion, surpassing the combined value of the seven largest technology companies worldwide.

Bitcoin has not exhibited such strong dynamics, trading between $108,000 and $115,000 for most of October. However, experts *expect* the bullish phase of the leading cryptocurrency to continue and new highs to be achieved.

As noted by *Bloomberg*, Fink’s comments coincided with a rapid increase in a strategy known as the «debasement trade.» In this strategy, investors are actively selling government bonds and popular fiat currencies, reallocating capital into gold, silver, and digital assets.

Fink identified the United States as the priority direction for investments. According to him, most international players view the American market as the key platform for capital allocation in the next year and a half.

However, the U.S. economy faces a significant challenge—the necessity of continuously selling dollars to foreign investors.

*“We are compelled to place 30-35% of treasury bonds abroad—this is our Achilles’ heel,”* noted Fink.

Any changes in this process will trigger a chain reaction, he added. Therefore, Fink believes the U.S. must focus on attracting private investments.

Fink also commented on *tokenization*, which has increasingly attracted the attention of central banks lately.

*“Regulators around the world are questioning the role of digitalization in the financial system. They are concerned about the pace of transformation, its implications for the dollar, and the future of payment systems,”* he remarked.

According to the head of BlackRock, the community underestimates the speed of upcoming changes. Rather than discussing AI, it is essential to focus on how quickly all assets will transition into digital form, Fink emphasized.

*“This process is accelerating faster than many assume, but most countries are not ready for it,”* the expert stated.

Fink has long been an advocate for digital assets and tokenization, which he previously *compared* to the transition from paper letters to email. He stated that this process will make investments more accessible, speed up transactions, and eliminate delays between purchases and settlements.

It is worth noting that in January, the head of BlackRock *mentioned* the condition under which Bitcoin would reach $700,000.