UBS executives report a shift in investment trends among wealthy clients, who are reducing their exposure to U.S. dollar-denominated assets. This move is driven by a growing interest in Chinese markets, gold, and alternative investments such as cryptocurrencies.

The trend has accelerated following a reduction in trade tensions between the United States and China and rising interest in China's innovation sectors.

This shift is reflective of broader global economic changes and investor confidence in diversified asset classes, including crypto.