This post was originally published on Coinspeaker
Key NotesStablecoin issuer shifts portfolio strategy favoring precious metals amid market uncertainty and gold’s exponential rally.The decision reflects broader market sentiment as investors seek safe-haven assets during turbulent economic conditions globally.Bitcoin’s underperformance compared to gold highlights diverging investor confidence in traditional versus digital store-of-value assets.
Tether, a leading stablecoin issuer, plans to increase its exposure to the yellow metal, potentially holding more gold than Bitcoin, portfolio allocation-wise. The disclosure comes as gold consistently makes new highs and BTC lags behind the world’s largest commodity by market cap.
Paolo Ardoino, Tether CEO, explained his intentions of allocating between 10% to 15% of the company’s portfolio to gold and 10% to Bitcoin BTC $89 814 24h volatility: 2.9% Market cap: $1.79 T Vol. 24h: $47.27 B , according to a report by Reuters on Jan. 28.
“For our own portfolio, it’s reasonable that we are going to have around 10% in bitcoin and 10% to 15% in gold,” Ardoino said, without disclosing the value of Tether’s investment portfolio or how much of it was held in physical gold. “It’s hard to decide which one I like the most.
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