Tether CEO Prepares for Apocalyptic Future with Bitcoin, Gold, Land

Tether CEO Paolo Ardoino says his company is preparing for an 'apocalyptic future' by investing in Bitcoin, gold, and land. He claims that these assets serve as a hedge against worst-case macro scenarios and are essential to Tether's survival.

Ardoino believes that traditional financial systems may not work as expected, given the rising tensions between countries and growing market uncertainty. As such, he says that Bitcoin is one of the greatest currencies in the world and serves as an inflation hedge. He also claims that Tether Gold (XAUT) follows the same hedging logic as its Bitcoin holdings.

Tether's reserves include USDT, which has a circulating supply of roughly $183 billion. Ardoino emphasized that his company needs to consider every possible scenario and take steps to protect itself from instability in traditional financial systems.