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Ryan

👤 Speaker
8319 total appearances

Appearances Over Time

Podcast Appearances

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

It's hard to know with Trump because who knows what he actually knows?

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

Who the fuck knows?

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

It does feel like this is, when you listen to things that Besant says, for instance, Treasury Secretary, I think this is part of a plan, a weaker dollar, right?

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

It's just less hollowing of manufacturing in the U.S.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

I mean, we're talking about Triffin dilemma even last week, right?

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

So you sort of need a weaker dollar and you need dollars to be less of the world export and to weaken in terms of reserve currency power if you're going to reverse the effects of the Triffin dilemma and start to bring manufacturing back to the U.S.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

So it's kind of part of the plan.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

Yeah.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

I mean, in a way, if you do these things in kind of parallel, right, it just seems to be an intentional economic strategy, which is the market's realizing this.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

And the market is, I think...

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

Overall, aside from the gold bugs you mentioned, which are a minority, most people, most U.S.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

investors, most people don't have a lot of gold in their portfolio.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

And I think there's like an, oh shit, we better get some gold in our portfolio.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

And it's kind of a catch up that's happening right now.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

Speaking of catch up, David, Tether.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

Tether now holds 140 tons of gold.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

This is worth about $23 billion.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

The CEO, Paolo of Tether, says he aims to allocate 10% to 15% of Tether's total treasury to physical gold inside of their investment portfolio.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

And they hold all of this gold in a Cold War Swiss nuclear facility.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

bunker, okay?