Biggest whale in crypto is buying 2 tonnes of gоld… per week!
Why Crypto Giants Are Turning to Gоld
And What It Could Mean for the Future of Mоney
For most of the last decade, cryptocurrency and gold were seen as opposites.
Gold represented the old finanсial world — physical, traditional, and slow-moving.
Crypto represented the new digital ecоnomy — decentralized, borderless, and fast.
But something interesting is happening in global markets today:
Some of the biggest players in the crypto industry are quietly accumulating large amounts of gold.
And the reason may say a lot about where the financial system is heading next.
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A Crypto Giant With a Growing Gold Strategy
One of the most influential companies in the crypto ecosystem is Tether, the issuer of the stablecoin USDT, one of the most widely used digital dollars in the world.
Tether’s business model is surprisingly simple.
When users buy USDT, the company holds reserves behind those tokens. Much of those reserves are invested in U.S. Treasury bills, which generate billions of dollars in interest income while interest rates remain elevated.
That cash flow has given the company something unusual for a crypto firm:
A massive and growing pool of profits.
And according to industry reports, part of those profits is being used to accumulate physical gold.
At the same time, Tether has expanded into precious metals by launching Tether Gold (XAUt) — a digital token backed by physical gold stored in Swiss vaults.
This strategy reflects a larger trend developing in global finance.
But one detail about this story has caught the attention of many market observers.
Some insiders claim the company is accumulating gold at an astonishing pace.
Why This Is Getting Attention?
If the current pace continues, the amount of gold being accumulated could reach well over 100 tonnes a year — a level typically associated with central banks, not private companies.
That possibility is why some analysts are paying close attention to what this could mean for the gold market — and for investors.
Tether is the biggest whale in the crypto space. They're best known for their stablecoin, USDT.
This company has a license to print US dollars – literally. But that’s not all…
The GENIUS Act is like a blessing from the US monetary authorities to continue their little money printing operation for as long as they like. Why?
Because Tether backs its stablecoin with US Treasuries – the same US Treasuries that other governments are dumping in favor of gold.
And what is Tether doing with all the profits they make by earning interest on US Treasuries?
Buying gold. Lots of it. Roughly two tonnes a week!
I recently met with Tether’s head of special projects – the man behind Tether’s new tokenized gold offering…
What he said shocked even me, a 20+ year veteran in the gold markets.
He told me he expects Tether Gold (XAUt) will soon be bigger than Tether’s roughly $200 billion stablecoin.
Just think what that means for the price of gold as Tether continues accumulating two tonnes a week… more than 100 tonnes a year.
There is one time in the historical cycle when you cannot be without gold. That time is here, now.
Regards,
Garrett Goggin, CFA, CMT
Lead Analyst and Founder, Golden Portfolio
P.S.
I’ve even teamed up with my longtime friend, Porter Stansberry, on this story. Why? Because Porter has been on top of the coming dollar devaluation for over 15 years. He wrote about it in his famous End of America documentary. Porter and I think identically about what’s happening. That’s why Porter’s team put together a special report on the one non-gold asset you MUST have for the coming shift in the world’s monetary system.
The Return of Gold in the Global Financial System
The renewed interest in gold isn’t limited to the crypto industry.
Over the past several years, central banks around the world have been buying gold at one of the fastest rates in modern history.
According to data from the World Gold Council, central banks purchased more than 1,000 tonnes of gold in both 2022 and 2023, the strongest pace of buying in decades.
Major buyers include:
- China
- India
- Turkey
- several Middle Eastern and emerging-market economies
This surge in demand reflects a broader shift happening behind the scenes in global finance.
Many countries are gradually diversifying reserves away from the U.S. dollar and strengthening their holdings of neutral assets.
Gold — which carries no counterparty risk — has historically filled that role.
Why Digital Finance Is Rediscovering Gold
For decades, gold had one major limitation.
It was difficult to move quickly across borders.
That limitation disappears when gold becomes tokenized.
Tokenized gold links a digital token on a blockchain to a specific amount of physical bullion stored in a vault. The token can then be transferred globally in seconds, much like cryptocurrency.
This combination creates an asset with:
- the stability of gold
- the speed of blockchain technology
- and the global accessibility of digital finance
For companies operating in the crypto ecosystem, that combination is extremely powerful.
It allows gold to function not just as a store of value — but as a programmable financial asset.
Gold’s Strong Performance Is Reinforcing the Trend
The renewed attention toward gold is also happening during a period when the metal itself has been performing strongly.
Gold prices have surged to record highs in recent years, supported by several global forces:
- persistent geopolitical tensions
- rising government debt levels
- strong central-bank buying
- and investor demand for safe-haven assets
As a result, many analysts believe gold could be entering a new long-term cycle of global demand.
A New Phase for the Monetary System?
The intersection of crypto technology and physical gold may signal something larger than a short-term market trend.
For centuries, gold anchored the world’s monetary systems.
In the late 20th century, the system shifted toward fiat currencies and government bonds.
Now a third model may be emerging — one where digital assets are backed by tangible reserves.
If that trend continues, it could reshape how investors think about both gold and cryptocurrency.
Instead of competing with each other, the two could increasingly work together.
What Investors Are Watching Now
The developments around tokenized gold and large-scale bullion accumulation by financial players highlight an important reality:
The global financial system is evolving.
As governments, central banks, and private companies explore new forms of money and reserves, assets that combine scarcity, trust, and portability may become increasingly important.
Gold has historically provided the first two.
Blockchain technology may now provide the third.
And that combination is why many investors are paying closer attention to what’s happening at the intersection of gold and digital finance.