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Tether Bets on Bitcoin as Fiat Currency Declines

10/15/2025

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Summary

Story summary

Paolo Ardoino, Chief Executive Officer of Tether, says Bitcoin and gold will outlast fiat currencies and serve as reliable wealth preservation assets.
Tether plans to allocate up to 15% of profits to Bitcoin purchases as it expands its BTC reserves.
Tether currently holds 87,475 Bitcoin, valued at about $10.02 billion.
Gold trades at $4,056.89 per ounce, up 0.96%.
Bitcoin trades above $114,600 after rising more than 2%.

History

Historical Context

The Gold Standard Act, signed by President William McKinley on March 14, 1900, established gold as the sole monetary standard in the U.S., fixing the dollar's value at approximately $20.67 per ounce. This act followed earlier legislation that marginalized silver, reflecting a broader trend toward gold-backed currencies. Today, discussions about Bitcoin and gold highlight ongoing debates about asset reliability amid fluctuating fiat currencies.

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Story summary

Paolo Ardoino, Chief Executive Officer of Tether, says Bitcoin and gold will outlast fiat currencies and serve as reliable wealth preservation assets.
Tether plans to allocate up to 15% of profits to Bitcoin purchases as it expands its BTC reserves.
Tether currently holds 87,475 Bitcoin, valued at about $10.02 billion.
Gold trades at $4,056.89 per ounce, up 0.96%.
Bitcoin trades above $114,600 after rising more than 2%.

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