Tether’s Gold Purchases May Drive Bitcoin Prices Higher, Says BitMine CEO

BitMine Chairman and CEO Tom Lee commented on Tether’s recent gold acquisitions, highlighting the company’s status as one of the largest global gold buyers. Lee explained that since early 2026, Tether has been responsible for driving up gold prices, a trend expected to persist into early 2027. While he emphasized that this activity is not necessarily harmful to Bitcoin, it suggests potential future increases in its value.