HomeBitcoin NewsTether CEO Paolo Ardoino Says Bitcoin and Gold Will Outlast All Currencies

Tether CEO Paolo Ardoino Says Bitcoin and Gold Will Outlast All Currencies

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Tether CEO Paolo Ardoino believes that both Bitcoin and gold will endure long after fiat currencies lose their dominance, calling them the twin pillars of global wealth preservation.

In a post on X, Ardoino shared his vision of a financial future where traditional money steadily erodes in value while decentralized and hard assets retain purchasing power. He rejected the notion that investors must choose between Bitcoin and gold, emphasizing that the two assets serve complementary purposes in hedging against inflation and monetary instability.

“Bitcoin and gold will outlast all currencies,” Ardoino wrote, underscoring a view increasingly held within the crypto community that Bitcoin is emerging as the digital evolution of the world’s oldest store of value.

Tether’s Strategy: Balancing Bitcoin and Gold

Ardoino’s comments align closely with Tether’s long-term financial strategy. Over the past two years, the stablecoin issuer has strengthened its reserves with direct holdings of both Bitcoin and gold, treating them as essential safeguards for the company’s balance sheet.

In May 2023, Tether announced a plan to allocate up to 15% of its net profits toward Bitcoin purchases, not as part of its daily operational reserves, but as a strategic surplus asset intended to protect long-term value. Gold, meanwhile, continues to provide an additional layer of security, diversifying the company’s holdings beyond fiat exposure.

Ardoino’s latest remarks reaffirm Tether’s commitment to hard assets, signaling confidence in Bitcoin’s staying power and gold’s enduring role as a cornerstone of financial resilience in a world of depreciating currencies.

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: [email protected] Phone: +49 160 92211628
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