Tether CEO "Bitcoin and gold will outlive any currency"

A claim has emerged that Bitcoin (BTC) and gold will outlive any currency.

On the 13th (local time), CoinDesk reported that Paolo Ardoino, Tether's chief executive officer (CEO), said, "Bitcoin and gold will outlive any currency." This is in line with Tether's stance of strengthening reserve management strategies centered on Bitcoin and gold over the past two years.

Earlier, on May 17, 2023, Tether announced it would use up to 15% of net profits to purchase Bitcoin. At the time the company explained, "By holding Bitcoin as excess profits rather than routine reserves, we will strengthen the financial structure as a long-term store of value."

Gold also forms a pillar of Tether's asset portfolio alongside Bitcoin. Tether issues 'Tether Gold (XAUt)', which is 1:1 collateralized by physical gold, and said that as of June 2025 about 7.66 tonnes of gold back the issued tokens. According to the Financial Times (FT), Tether is also considering investing across the gold value chain, including mining, refining, and royalties.

CEO Ardoino recently grouped Bitcoin, gold, and land as 'value preservation assets', and denied claims by some that "they sold Bitcoin to buy gold." He emphasized that "the policy to increase Bitcoin holdings remains unchanged."

This remark is interpreted as reaffirming Tether's existing policy of operating Bitcoin as a profit-based strategic asset and gold as a tokenized and physical investment asset in parallel. However, most of the company's reserves are still based on highly liquid assets such as U.S. Treasury bonds.

Tether plans to release its next reserves report at the end of this month or early next month, and whether the proportions of Bitcoin and gold holdings have changed is drawing attention.