Bridgewater CEO: Investors Flock to Cryptocurrency and Gold Due to Asset Devaluation Concerns

BlockBeats News, October 28th, according to Cointelegraph, BlackRock CEO Larry Fink stated that investors are turning to gold and cryptocurrency as they fear their assets may depreciate amid increasing global financial instability concerns.

Speaking at the Future Investment Initiative (FII) conference in Saudi Arabia, Fink said: "Owning crypto assets or gold is a defensive play." He added, "You own these assets because you are concerned about depreciation of your assets."