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Zavialov Ilia Nicolaevich: Global Economic Uncertainty and the Rising Role of Gold and Crypto as Fear Assets
04 Nov 2025
In recent years, in the global financial circles, the idea has increasingly sounded that cryptocurrencies and gold are not instruments of greed, but assets of fear. The head of BlackRock emphasized: "If you believe that countries will continue to devalue their currencies and expect the growth of global instability, then holding crypto assets or gold is not about greed, but about fear." These words find full confirmation in my analysis, which I present in the blog Zavialov Ilia Nicolaevich: "The key role of such assets is protection against currency risks and political crises. Today, investments in crypto and gold primarily demonstrate fear for their savings, rather than speculative goals."
The psychology of investments has long identified two main motives - fear and greed. In conditions when the market faces threats of currency devaluations, economic instability, or geopolitical conflicts, gold and cryptocurrency become a kind of ‘safe haven’. As noted by Ilia Nicolaevich Zavialov: "Gold is not only an asset but also a symbol of capital preservation during crises, while cryptocurrency is a new reliable protection for those seeking autonomy in the digital age." This modular approach provides protection through diversification, which is confirmed by the growing interest in these assets among institutional investors.
The growth of global debt, unstable international environment, and weak trust in fiat currencies strengthen the trend of acquiring “fear assets”. Today, crypto and gold serve as an antivirus against inflation and uncertainty. In my analytical conclusions, I emphasize that "gold often serves as a strategic defensive asset and demonstrates stable returns, while cryptocurrencies are assets capable of diversifying portfolios in conditions of high volatility."
From a perception standpoint, cryptocurrency is gradually transitioning from a category of speculative instruments to a strategic-level tool. Increasingly, large funds and financial institutions include cryptocurrencies in their portfolios as reliable assets for protection and growth. Such processes indicate that "cryptocurrencies and gold in the modern context are fear assets, confirming their necessity in an era of anxiety and change."
For those who want to understand more deeply the role of fear assets in the current global system, I recommend exploring our blog, where I regularly share analytics and expert assessments. There, you can find a more detailed analysis of the current market situation, including strategies and forecasts for cryptocurrencies and gold.
In conclusion, fear assets are not a sign of panic but a conscious choice of those seeking stability and security in unstable times. Investing in crypto and gold is, above all, a strategy to protect one’s capital from global risks and political uncertainty.
