Tether chief executive Paolo Ardoino thinks geopolitical tensions and macroeconomic trends are going to increase the importance of scarce assets like Bitcoin (BTC) and gold.
Ardoino says in a new interview with investor and venture capitalist Preston Pysh that he doesn’t think the globe is headed towards “a nicer period for humanity,” citing bubbling geopolitical issues across the world.
“There’s so much tension starting from Europe: very, very high tension, to the US, to everywhere else in the world. Things are not nice. And so having an exposure to scarce assets like Bitcoin and gold is the way to go.”
The Tether CEO notes that fear is driving China and other countries to buy up “enormous amounts” of gold. He encourages individual investors to buy gold or Bitcoin in the same way.
“Everyone’s fearful that something is going to happen…
[Buying Bitcoin and gold is] the most intelligent thing you can do with your profits. With your profits, you should start investing a portion of them into something that can resist the wrath of God, and maybe I’m wrong, [but] we’re going to experience that sometime in the future.”
BTC is trading at $59,545 at time of writing, up 2% in the past day.
Tether issues USDT, the largest stablecoin by market cap. It aims to maintain a 1:1 peg with the US dollar.
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