News

According to Jinse Finance, citing BitcoinMagazine, BlackRock CEO Larry Fink recently stated that if one believes "countries will continue to devalue their currencies," then one should hold cryptocurrencies. The leader of the financial giant managing $13 trillion in assets further explained: "If you believe that global insecurity will increase, owning crypto assets or gold means holding 'fear assets.' You hold these assets because you fear currency devaluation and are concerned about financial and fiscal security." Fink emphasized that, between crypto assets and gold, the market generally considers them effective hedging tools against currency devaluation and inflation.

Jinse Finance reported that Citibank has lowered its short-term price targets for gold and silver, reducing the 0-3 month gold price forecast from $4,000 per ounce to $3,800 per ounce, and the silver price forecast from $55 per ounce to $42 per ounce, citing changes in the global market environment.