Bitcoin price keeps rising because of inflation fears plus U.S.-China trade wars, despite getting near the $100,000 value. The price jump in most digital coins cheers up Bitcoin enthusiasts who believe the currency could rival the U.S. dollar in the future.

Jay Jacobs’ conversation with Equity ETFs at BlackRock about digital assets triggered fresh reaction alongside market turmoil. During his CNBC “Squawk Box Asia” appearance on Saturday, Jay Jacobs explained how Bitcoin works better in times of international market instability.

Jay Jacobs Discusses Geopolitical Risks in Recent Interview

The interview quickly started gaining attention on social media since people believed Jacobs revealed secret information about China selling U.S. Treasury bonds to buy Bitcoin and gold.

Bitcoin Nears $100K Amid U.S.-China Tariff Strain

A number of X platform users spread this information about BlackRock’s Jacobs confirming Chinese Bitcoin purchase ideas, which other related profiles, “cryptopolitan,” shared through different social networking sites.

The interview directly shows that these statements about China’s asset sales proved false based on what Jacobs actually said. On April 25, the CNBC video platform broadcasted a 3-minute 48-second interview featuring Jacobs who analyzed how geopolitical risks, especially U.S.-China tariff conflicts, affect worldwide markets.

Soong asked Jacobs in their interview how the Ukraine-Russia conflict and the frozen Russian assets would impact the market further. These moments make many nations, especially China, consider moving their money out of U.S. Treasury bonds into alternative assets, including gold and digital currencies.

Bitcoin Nears $100K Amid U.S.-China Tariff Strain

During past years, central banks across the globe, including China’s bank, have been adding gold and crypto to their investment portfolios. As Jacobs mentioned above, BlackRock introduced its investment methodology called Megaforces in 2023, recognizing geopolitical fragmentation as an influential policy factor. The growth of Bitcoin results from continuing divisions between nations.

Jacobs Clarifies Bitcoin’s Growth Not China-Driven

During his interview, Jacobs did not talk about Chinese Treasury holdings or indicate Beijing plans to invest directly in Bitcoin. Bitcoin has grown because of the overall global political factors rather than one nation’s financial strategy.

The X platform promotes false rumors about China, although Jacobs never gave details about specific actions in his remarks. Crypto enthusiasts base their assumption on rumors that China might swap U.S. Treasuries for digital assets. Misinformation about cryptocurrency rises quickly because news passes through so fast yet few readers attempt to verify statements.

People tend to view Bitcoin’s market growth through a lens of worldwide crises because there is increasing talk about using digital assets to reshape global finance. Social media users interpreted Jay Jacob’s interview about China’s investing plans in an oversimplified way.

Bitcoin’s path to $100,000 worth will increase global discussions about its role in international finance. People need to tell true facts from lies when influential individuals have their words conveyed inaccurately.