Bitcoin

This is a microcosm of the global fragmentation into competing blocs. As economic interdependence (China-Australia trade) collides with security competition (AUKUS, QUAD), nations are diversifying reserves and supply chains. Bitcoin and gold are the primary beneficiaries of this 'de-dollarization' and 'de-risking' trend, even if not explicitly stated by policymakers.

Australia is increasingly concerned about China's military might while China remains Australia's largest trade partner.

Australia's China Anxiety Is Quietly Turning Into a Crypto Trade

Australia's China anxiety could accelerate a quiet shift of its $3.5T pension pool into Bitcoin as a 'neutral reserve asset' — a move that would dwarf ETF inflows.