Why Are Investors Turning to Crypto and Gold?

Larry Fink, the head of BlackRock, recently shared his thoughts on why people are investing in crypto and gold. He believes that these investments are driven by fear. People worry about their money losing value, so they turn to these assets for security. This was said at a big investment conference in Saudi Arabia. Fink also talked about the US economy. He pointed out that the US relies heavily on selling dollars to other countries. This is a big concern because if this changes, it could have a huge impact on the economy. He thinks the US needs to find new ways to attract investment.At the same time, central banks around the world are buying more gold. Fink thinks this is a big shift in global finance. He also mentioned that central banks are worried about the future of money and how technology will change it. He believes that all financial assets will be tokenized soon, and many countries are not ready for this change. Interestingly, BlackRock is one of the biggest holders of Bitcoin, but only for its clients. As of October 27, they held about 805, 806 BTC. This is a lot, but it's important to remember that it's not their own investment.