Global #Gold

At the recent Plan ₿ Forum, Tether CEO Paolo Ardoino disclosed that the company holds $9.45 billion in Bitcoin and gold as part of its reserve structure.

The debate over whether gold or Bitcoin is a superior store of value has intensified as both assets have seen significant price gains in 2024.

Peter Schiff, a well-known Bitcoin critic, remains steadfast in his belief that Bitcoin cannot be classified as digital gold. Recently, he took to Twitter to showcase his interaction with ChatGPT, asserting that the AI agreed with his stance.

In a notable shift in monetary policy, global central banks—excluding the Bank of Japan—are easing their approaches to increase liquidity in financial systems.

Bitcoin (BTC) saw a brief rebound, rising above $61,500 in Asian morning trading on Wednesday, after a sharp decline that brought it down to as low as $60,300 late Tuesday.

The price of gold has reached a historic milestone, surpassing $2,660 per ounce after experiencing a remarkable increase of over 30% this year.

The price of gold has soared to an all-time high of $2,629 per ounce on September 23, driven by a recent interest rate cut from the U.S. Federal Reserve.

Gold prices have reached a new all-time high, surpassing previous records as investors seek safe-haven assets amid global economic uncertainties.

In a striking development for financial markets, gold has recently surpassed $2,500 per ounce, a milestone that highlights its growing appeal amid economic uncertainties.

Bitcoin (BTC) has recently witnessed a sharp increase in volatility, stirring apprehension among futures traders amidst geopolitical uncertainties that have heightened global market anxieties.

As the financial world ushers in what’s being termed the ‘Macro Summer,’ both Bitcoin and gold are poised for potential breakouts, signaling a shift in investment dynamics and economic sentiment.

Gabor Gurbacs, a strategic advisor at Tether, which issues USDT, highlighted Bitcoin's capacity to transform the way central banks manage and safeguard national reserves. He cited India's logistical difficulties with gold as a notable illustration of this potential.