According to BlockBeats, on November 27, Tom Lee, Chairman and CEO of BitMine, stated regarding “Tether purchasing more gold last quarter than several Central Banks”: “Stablecoin issuers in the cryptocurrency space are the largest gold buyers globally, and since the beginning of 2026, they have been the sole factor driving up prices. This trend will push gold prices further up starting in early 2026, and this situation is by no means Unfavourable Information for Bitcoin; on the contrary, it suggests that Bitcoin prices will also rise in the future.”
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