Tether Gold from July 24th, was placed at $1,900, bringing it closer to the maximum price of gold. Since September 2011 I have not seen a rise in its value.
The gold price has risen by about 22%, from $1,500 to $1,900 since XAUT (Tether Gold). This StableCoin allows for possession of one ounce, which is housed in a vault controlled by the company.
For the Wall Street Journal, it set a record that had not been seen since September 2011. However, it did not reach the price it had by then which was $1,921.
This is due to the announcement made by the U.S. government where they announced a new economic plan called the Covid-19 pandemic stimulus bill.
Tether Technology Director Paolo Ardoino says that in times of uncertainty most people are attracted by the right to hold gold reserves.
However, it is still decided that it is better if Gold or Bitcoin can be said to be a war that has time on the market. And it's no coincidence that today the BTC reached a value of $10,500.
Although for commentator Peter Schiff, for investors it is better to take shelter in Gold as volatility is not an issue to worry about, the opposite of Bitcoin.
You'll have to wait and see what happens, because this is an important move, of course, being a stablecoin of Gold is not a competition to Bitcoin.
On the contrary, it is a great ally. For Bitcoin Tether Gold means a great ally to continue growing in the market. What we know is that there will be surprises for market lovers.
