"There are foreign countries that are buying a lot of gold, and we believe that these countries will soon launch tokenized versions of gold as a competitive currency to the US dollar.”
— CEO, Tether
Paolo Ardoino
This statement is unusually direct for a private-sector executive. On its surface, it reads as a competitive observation about foreign monetary behavior. At a deeper level, it reveals something more consequential: a private issuer of digital money openly framing its strategy around nation-state monetary conflict. That framing is neither casual nor rhetorical. It signals participation in a geopolitical contest over the future architecture of money.
And what have to do this garbage with bitcoin?
Ah wait... You are a shitcoiner, now make sense.
Purchasing power of a money is one of its most important qualities.
If you don't understand that, you were dropped on your head one too many times as a child.
What does it have to do with bitcoin? Well, gold has added an entire bitcoin worth of market cap to its value yesterday. Meaning, the marketplace/investors have decided that gold is worth a fuckload more than they think bitcoin is worth. That means something, no?
Just yesterday, the dollar lost 5% of its value against gold, and bitcoin just lost 3% of its value against the dollar
why do I care about "against the dollar" ?
Go away fiat lover. And stick your gold bars into your ass
Sigh. You're clearly deranged. Let me try to explain it to a moron like you.
A human needs shelter or food or water. Let us go with a bottle of water in NYC. It costs $2 USD.
If a bitcoin gives you $100,000 USD, you can purchase 50,000 bottles of water. If a bitcoin gives you $1 USD, you can purchase 1/2 a bottle of water.
Do you understand now why the fiat value of bitcoin matters? It is because 99.9% of transactions occur over fiat rails so we determine the purchase power of bitcoin by looking at its conversion value to fiat.
It is pretty simple. So simple that it seems you must be arguing just for the sake of arguing. Or you're retarded?
ahh yes, you proved that you are mentally retarded. good. at least we all know now
No, I realized that is totally and utterly useless to debate with a shitcoiner.
My time is much important to spend than debating with a shitcoiner.
So please go back and eat your shit.
Tokenized gold like tether gold