Do you know what 100 tons of gold is equivalent to?
100 tons of gold is equivalent to 1672 bitcoins!
This is not a small number; it represents a huge opportunity for wealth.
Recently, Tether surprisingly holds 116 tons of gold. Every quarter, the gold it purchases accounts for nearly 2% of global demand, and it plans to buy another 100 tons of gold by 2025.
What does this have to do with our cryptocurrency trading?
In fact, Tether's move not only affects gold prices but is also quietly changing the trend of Bitcoin. Tether has launched a gold-backed token, XAUt, which has reached a market capitalization of $2.1 billion, indicating that gold and cryptocurrency are merging. You can invest in gold through cryptocurrency without being bound by traditional investment methods.
Moreover, Tether's profits this year are expected to reach $15 billion, representing huge market demand, which may also lead to fluctuations in Bitcoin or gold prices. For retail investors like us, this means there might be a significant opportunity in the market. As long as we seize the timing and capture the fluctuations of this cycle, we can also get a share of the pie.
