According to a recent survey by Bank of America, gold is the preferred safe haven asset for 58% of fund managers amid trade war concerns, while Bitcoin remains a distant option.
A survey conducted by Bank of America indicates that 58% of global fund managers view gold as the most favorable safe haven asset during potential trade wars, significantly outpacing Bitcoin, which garnered only 3% support. The survey highlights concerns over President Trump's tariff policies and their potential economic impact, with gold's appeal rising amid geopolitical tensions and inflation fears. Additionally, gold-backed digital assets are gaining traction among investors as safe havens in the cryptocurrency market.