Tether CEO Warns: Bitcoin and Gold Are Key Amid Global Tensions
14.08.2024 10:00 1min. read Alexander Stefanov
Tether CEO Paolo Ardoino believes that rising geopolitical tensions and macroeconomic shifts will heighten the value of scarce assets such as Bitcoin (BTC) and gold.
In a recent interview with investor Preston Pysh, Ardoino highlighted global instability as a driving factor behind the increased relevance of these assets.
Ardoino pointed out the escalating tensions worldwide, from Europe to the US, suggesting that this environment makes Bitcoin and gold attractive investment options.
He observed that fear of potential crises is prompting countries like China to stockpile substantial amounts of gold, and he advises individual investors to consider adding Bitcoin or gold to their portfolios as a safeguard.
He further emphasized that investing in these assets could be a wise decision given the uncertainty ahead. As of now, Bitcoin is priced at $59,545, reflecting a 2% increase over the past day.
Tether, known for its USDT stablecoin, strives to keep a 1:1 value with the US dollar.
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