Crypto, Gold Are ‘Assets of Fear’ Amid Debt Concerns
BlackRock CEO Larry Fink has declared that investors are rushing into crypto and precious metals such as gold as “assets of fear,” driven by mounting concerns over spiraling government debt worldwide.
“Owning crypto assets or gold are assets of fear,” Fink said during his appearance at the Future Investment Initiative conference in Riyadh, according to a Bloomberg report. “You own these assets because you’re frightened of the debasement of your assets. You’re worried about your financial security. You’re worried about your physical security.”
“The renewed focus on the so‑called ‘debasement trade’—where investors move away from fiat currencies into hard assets—is rooted in a clear trend: purchasing power is…
