- Jan Van Eck highlighted the increasing lack of trust in major U.S. institutions.
- Many people desire to have some of their wealth outside of the banking system.
- Central Banks may adopt Bitcoin as an alternative store of value.
VanEck’s CEO, Jan Van Eck, highlighted an increasing lack of trust in major institutions across the United States. The renowned asset manager made this statement during an interaction with Scott Melker, host of The Wolf Of All Streets podcast.
According to Van Eck, the growing distrust affects religious and military institutions in America, including the Congress. He said the most shocking among the distrusted institutions is the media, which is crucial to the financial markets.
Responding to Melker’s questions, Van Eck noted that many members of the public want to have some of their wealth outside the banking system because of the growing lack of trust in mainstream institutions. The investor’s analysis aligns with the data showing that 39% of Americans no longer trust the mainstream media, compared to 5% in the 1970s.
Meanwhile, Van Eck said the fragility of banks fuels the waning trust among citizens in the financial syste…
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