The post Tether CEO Paolo Ardoino Reveals Bitcoin (BTC) and Gold Reserves! Answers the Question Why They Buy Gold! appeared on BitcoinEthereumNews.com.

The Bitcoin 2025 Conference, considered the biggest event of 2025, was held in Las Vegas between May 27-29 and ended yesterday. At the Bitcoin 2025 Conference, which hosted important names for three days, Tether CEO Paolo Ardoino also made important statements about Bitcoin (BTC), Tether (USDT) and the cryptocurrency industry. Paolo Ardoino, who made statements supporting and praising Bitcoin, stated that Bitcoin is much more than a digital asset and said, “Bitcoin is the ultimate social network.” Comparing Tether to Facebook, the Tether CEO said, “Tether has experienced growth that is equivalent to what Facebook once did.” Bitcoin and Gold Reserves! Paolo Ardonio, who also announced Tether’s reserves, stated that the company has over 100 thousand Bitcoins (worth over $10 billion) and 50 tons of gold in its reserves. Ardoino also said that Tether made around $13 billion in profits in 2024, making it the most successful and profitable name in the crypto industry. The famous CEO also explained Tether’s decision to hold gold in its reserves and the reasons for it. Noting that Bitcoin supporters questioned Tether’s decision on gold, Ardoino said: “A lot of Bitcoiners don’t like talking about gold because they think it takes something away from Bitcoin. But Bitcoin is perfect. Gold is imperfect. “At this point, gold is not competing with Bitcoin. Gold is competing with fiat money, and that’s why we like gold quite a bit.” The famous CEO finally stated that Tether has made a profit of approximately $20 billion in the last three years and said: “Less than 5 percent of this profit has been paid to shareholders. The remaining 95 percent will be used to expand the global distribution network and reinvest in Bitcoin.” *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and…

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Filed under: News - @ May 30, 2025 9:24 pm