The long-standing debate over whether Bitcoin could one day rival gold as a store of value has taken a new turn.
Tether CEO Paolo Ardoino believes that both assets will ultimately stand the test of time – long after fiat money has faded.
Ardoino, sharing his thoughts on X, said he envisions a future where Bitcoin and gold dominate global wealth preservation as traditional currencies continue to lose purchasing power. He dismissed the idea that investors are abandoning Bitcoin for gold, stressing that both play vital roles in safeguarding value against inflation and monetary instability.
According to him, these two assets shouldn’t be seen as competitors but as complementary pillars of financial resilience. “Bitcoin and gold will outlast all currencies,” Ardoino wrote, reflecting a growing belief among crypto supporters that the digital asset is evolving into a modern alternative to the world’s oldest store of value.
Tether’s Bitcoin Strategy Remains Firm
The remarks echo Tether’s broader financial approach. Over the past two years, the company has quietly expanded its reserves to include both Bitcoin and gold, positioning them as key hedges within its balance sheet.
Ardoino reiterated that the stablecoin issuer remains committed to increasing its Bitcoin exposure – a policy first announced in May 2023, when Tether pledged to allocate up to 15% of its net profits toward purchasing BTC.
At the time, Tether said holding Bitcoin would serve as a strategic “surplus profit” asset rather than part of its routine reserves, reinforcing the company’s long-term focus on durable value. Gold, meanwhile, continues to represent another important component of Tether’s asset base, providing additional stability alongside its digital holdings.
As debates over the future of money intensify, Ardoino’s message is clear: in a world of depreciating fiat currencies, both Bitcoin and gold may ultimately prove to be the true survivors.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
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Source: https://coindoo.com/tether-ceo-predicts-bitcoin-and-gold-will-outlast-all-fiat-currencies/
