Crypto
Ardoino: Tether's Apocalypse Insurance Policy
Tether CEO Paolo Ardoino says Bitcoin is key to surviving an apocalyptic future. He believes that alongside gold and land holdings, Bitcoin can help Tether navigate worst-case macro scenarios.
Ardoino describes Tether as a 'stable company' built on tangible assets rather than any single currency or system. The CEO emphasizes the importance of considering every possible scenario, which is why Tether invests in gold, Bitcoin, and land.
The company's gold-backed token, Tether Gold (XAUT), follows the same hedging logic as its Bitcoin holdings. According to Ardoino, it's essential for a digital asset-based company like Tether to have a position in Bitcoin.