Gold Soars in Trade War Forecasts, While Bitcoin’s Potential Remains Low, Says New Bank of America Survey

In a recent survey conducted by Bank of America, a significant 58% of fund managers have indicated a strong preference for gold as the most resilient asset during a trade conflict, eclipsing other investment options. This sentiment underscores gold’s historical reputation as a safe haven during economic instability. In stark contrast, only 9% of respondents expressed confidence in 30-year U.S. Treasury bonds, highlighting a shift away from traditional fixed-income securities. Meanwhile, a mere 3% of hedge fund managers believe that Bitcoin will thrive in such turbulent conditions, suggesting skepticism regarding cryptocurrency’s viability as a defensive asset. This data offers crucial insights into current market perceptions, reflecting the growing emphasis on tangible assets like gold in an unpredictable trading environment.