UBS: Asia's wealthy increasingly favor gold and crypto assets

It has been analyzed that wealthy people in Asia are increasingly showing a preference for crypto assets (virtual currencies). On the 14th (local time), global financial group UBS said that its Asian clients
There is a trend away from dollar-based investments and towards cryptocurrencies and gold. Amy Lo, head of asset management in Asia at UBS, said at Bloomberg in Hong Kong on the 13th (local time).
He explained these changes during a Gnew Voices event and cited increasing geopolitical uncertainty and market volatility as the main drivers of the change.
"Chinese assets, which have been out of the spotlight for several years, are making a comeback among the ultra-rich," said Lo.
It's getting attention," he said.