Wall Street Giants UBS & Morgan Stanley Bet Against the Dollar—Gold and Crypto Win Big

Whales are dumping the greenback, and the smart money’s following. UBS and Morgan Stanley just placed their bets on the ultimate anti-dollar plays: gold and crypto. De-dollarization isn’t coming—it’s here.

Gold’s hitting record highs while Bitcoin eats inflation for breakfast. Meanwhile, traditional finance scrambles to explain why their ’stable’ assets keep bleeding value. Somewhere, a central banker just spilled his $7 latte.

Why The Wealthy Are Replacing The United States Dollar With Crypto and Gold

Banking Giants Report Shift from Dollar

UBS’s co-head of wealth management for Asia, Amy Lo, stated:

The wealthy and affluent investors alike are also prioritizing their asset protection through some various de-dollarization strategies. These strategies include, among other things, cryptocurrency investments. Some clients are currently allocating up to 5% of their total portfolios to digital assets. This is, in fact, a remarkable shift for traditionally conservative investors at this time.

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Gold Remains Central to De-Dollarization Strategy

Physical Gold continues to be a cornerstone of ongoing de-dollarization efforts. Amy Lo from UBS confirmed:

This classic hedge against currency substitution is being embraced alongside newer alternatives. It creates a somewhat balanced approach to reducing dollar exposure in investment portfolios.

Market Volatility Drives Protection Through De-Dollarization

Christina Au-Yeung, head of Investment Management at Morgan Stanley Private Wealth Management Asia, acknowledged:

The United States dollar, which was once considered the ultimate SAFE haven, is now viewed with caution. There is some increasing skepticism as well. De-dollarization has essentially become a practical response to market unpredictability. It is not just a purely speculative move.

Cryptocurrency Legitimacy in De-Dollarization

John Deaton, a prominent financial commentator, noted:

The cryptocurrency market’s role in de-dollarization has sort of evolved from fringe to mainstream. Institutional support has grown significantly in recent months.

Global Implications of Wealth De-Dollarization

Amy Lo observed:

As de-dollarization accelerates within the people that are wealthy, the potential for broader currency substitution increases. This change could possibly reshape the global financial landscape for years to come. Consequently, it might change how we think about reserve currencies.