Palihapitiya identifies Tether as the most important new gold buyer, issuing Tether Gold stablecoin alongside central bank rebalancing.
“Gold is up because there are many more net new buyers. Who is the most important net new buyer? It's Tether.”
Palihapitiya predicts everything will become tokenized markets, including sports, knowledge, equities, and debt instruments.
“You'll have knowledge that becomes a market, and then you'll ultimately have equities and debt instruments also behave this way, meaning they'll be tokenized.”
Palihapitiya notes Brian Armstrong observed that certain prediction markets only thrive on insider information and secrets.
“The corollary to this is Brian Armstrong tweeted something which I thought was quite an interesting comment about prediction markets, is that certain prediction markets only thrive on insider information, which is to say that they know a secret.”