Ryan
👤 SpeakerAppearances Over Time
Podcast Appearances
And they're kind of going up at the cost of, I'm going to say, Bitcoin?
Because Tether has non-fiat reserves, of course.
They have a ton of treasuries.
But then they also have gold and Bitcoin.
And Paolo says he wants to increase this to 10% to 15%.
It's at about 7% now.
So this is effectively them, from a relative perspective, buying more gold than Bitcoin, being more bullish on gold.
Dude, they are a central bank, dude.
Tether is a central bank.
They're like a central bank from the 1900s with stable coin technology.
They're going backwards in time.
I looked this up.
If Tether were a country, just in terms of gold holdings, in terms of treasury holdings, they're top 15.
In terms of gold holdings right now, they're top 25.
Top 25.
They have far more gold than like a lot of G20 countries.
Why not?
Right now they're outsourcing that to Switzerland, basically, who's kind of like sovereignty and security in this nuclear public.
I don't know.
It's very strange, I think.