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Gabor Gurbacs highlights Tether holding 116 tonnes of gold

Gabor Gurbacs highlights Tether holding 116 tonnes of gold
@gaborgurbacs: Tether holds 116 tonnes of gold

Gabor Gurbacs revealed that Tether has accumulated 116 tonnes of gold, positioning it as the largest independent holder of gold, on par with national reserves of several countries. Tether's gold holdings place it alongside the reserves of nations such as South Korea, Greece, and Hungary.

Tether’s substantial shift into gold aligns with broader market dynamics that Gabor Gurbacs has analyzed extensively, particularly his examination of intensified market pressure amid weak earnings and soft guidance. Furthermore, ongoing debates over the intrinsic value and technological underpinnings of digital assets recall Gurbacs’s pointed critique of Bitcoin technology, where he argued that so-called prophets are draining value from the sector.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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