UBS Flags Wealthy Investors’ Shift to Bitcoin and Gold

Amy Lo, Co-Head of Wealth Management for Asia at UBS Group, has recently spotlighted Bitcoin as a new trend among wealthy Asian investors. Speaking at a recent event in Hong Kong, Amy Lo explained that many high-net-worth clients are now moving away from US dollar-based assets. 

Instead, they invest more in gold, Bitcoin (BTC), and Chinese markets. She explained that rising tensions between China and the United States are making investors look for safer and more diverse options.

Industry Expert Revealed Changes in Investment Choices

Lo says more clients invest in digital assets, commodities, and alternative investments. They believe that these options will help protect their wealth during uncertain times.

This shows that many wealthy people are worried about the future of the global economy. They want to spread their investments across different markets, not just those based in the United States. 

Bitcoin Price Keeps Rising

While Asian investors are showing more interest in Bitcoin, the global market is also increasing asset prices. Bitcoin recently climbed from $76,000 to over $105,000. Some experts believe it could reach $120,000 by the end of May.

A crypto analyst revealed that Bitcoin’s price is following the growth of the global M2 money supply. As more money enters the system, the flagship cryptocurrency becomes more valuable.

According to CoinMarketCap data, Bitcoin is trading at $103,284, up by 0.11% in the last 24 hours. Its market value has increased by $15 billion to $2.05 trillion in the past week.

Less Demand From Korean Retail Traders

Another trend is happening in South Korea. Previously, local investors often paid more for Bitcoin than the global price. This is known as the “Korea Premium.” During the 2021 bull market, the Korea Premium was over 20%, showing strong interest from small investors in Korea.

However, that premium has dropped sharply. This means that Korean retail investors are no longer driving demand as they used to. Instead, global institutional investors are now leading the market.

Meanwhile, this change began after the approval of US spot Bitcoin ETFs, which made it easier and safer for institutions to buy Bitcoin. Experts now say that even a 10% Korea Premium would be considered high. This shows that the market is now more controlled by large investors than retail traders.