According to Citadel -founder Ken Griffin, investors move away from the US dollar And put their funds in safe refuge such as gold, silver and bitcoin. The move, called an abolition trading, Griffin is worried about “significant asset inflation away from the dollar.” The increase in gold and bitcoin investments has further operated AV-dollarization agenda, which has seen significant subscribers over the past decade.
Does Bitcoin and gold do further AV hell movement?
The increase in gold and bitcoin investments is shown in the latest prices for both assets. Bitcoin (BTC) hit a maximum time of $ 126080 on October 6. Gold rose to a new peak of $ 3,977.19 earlier today, October 7. The Pivot from the US dollar may be due to macroeconomic uncertainties from geopz tensions and trade war.
The departure movement has seen a significant driving force in recent years. Central banks around the world have aggressively collected gold, a pattern that is expected to continue. China in particular seems to be heavy on gold purchases. China too Holds 194 000 Bitcoin (BTC), others to the US 198 012 BTC Holdings.
Also read: Brics just revealed the plan to replace the US dollar worldwide
Although it may be an impossible task right now, the market players seem to be more careful in setting their capital in Greenbacken. Bitcoin (BTC) and gold may seem to be a much safer investment for investors right now.
