Tether’s (USDT) chief executive, Paolo Ardoino, has issued a stark warning about the global economic and geopolitical landscape, urging investors to seek refuge in scarce assets like Bitcoin and gold.
In a recent interview with investor Preston Pysh, Ardoino painted a grim picture of the world’s future, citing escalating tensions across the globe. “There’s so much tension starting from Europe: very, very high tension, to the US, to everywhere else in the world. Things are not nice,” he stated.
Ardoino’s concerns are echoed by the actions of major economies, particularly China, which has been aggressively accumulating gold reserves. This trend, according to the Tether CEO, is a clear indicator of growing fears among global powers.
“Everyone’s fearful that something is going to happen,” Ardoino said, emphasizing the need for individuals to protect their wealth from potential economic upheavals. He recommends allocating a portion of investment portfolios to Bitcoin and gold, assets he believes can withstand even the most severe economic storms.
“With your profits, you should start investing a portion of them into something that can resist the wrath of God, and maybe I’m wrong, [but] we’re going to experience that sometime in the future,” Ardoino added.
Bitcoin, the world’s largest cryptocurrency by market capitalization, has seen a surge in recent days, trading at $59,545 at the time of writing. This upward trend appears to align with Ardoino’s bullish outlook on the digital asset.
Also Read: Tether Slams $2.4B Celsius Lawsuit – A Crypto Showdown
Tether, the company Ardoino leads, is the issuer of USDT, the most widely used stablecoin. USDT is pegged to the US dollar and aims to provide a stable alternative to volatile cryptocurrencies.
As the world grapples with geopolitical uncertainties and economic challenges, the views of influential figures like Paolo Ardoino are closely watched by investors and analysts alike. Whether or not his predictions materialize, his emphasis on asset diversification and the potential of Bitcoin and gold as safe-haven investments has sparked a renewed interest in these asset classes.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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