. @Tether_to Overview of Gold Industry Investments:
1. Physical gold reserves: $8.7 billion in gold bars 🍋
2. $XAUt gold token (the earliest physical RWA) with a market cap of $880 million
3. Investment in gold royalty company Elemental: $205 million 💵
4. Just need to buy a mine and open a gold shop now.
Tether is making crazy investments in gold-related industries.
Galaxy is aggressively entering the AI data center market.
Both believe that investing in productivity or gold equivalents is safer and has greater economies of scale. Clearly, Tether does not see $USDT as equivalent to value itself, and $GLXY does not see crypto as the future of humanity.
Those who make money in the crypto space invest in the future, while those who make money from the future invest in DAT. Everyone feels that what others have is more appealing.
And that's how liquidity comes in. 😁
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