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Tether Co-Founder on Bitcoin's Bounce, Clarity Act Hopes

Bloomberg Technology Monday 24 August 2026, 21:25 UTC 1 min read
Key Points

Aug 24th, 2026 Tether Co-Founder on Bitcoin's Bounce, Clarity Act Hopes Bill Quigley, Co-Founder of Tether and Wax, explains that Bitcoin is increasingly behaving like a gold hedge against U.S. government inflation, with its correlation to gold rising to 0.71. This shift has contributed to Bitcoin's 35% increase since June lows. He speaks with Romaine Bostick & Emily Graffeo on "The Close."

Aug 24th, 2026 Tether Co-Founder on Bitcoin's Bounce, Clarity Act Hopes Bill Quigley, Co-Founder of Tether and Wax, explains that Bitcoin is increasingly behaving like a gold hedge against U.S. government inflation, with its correlation to gold rising to 0.71. This shift has contributed to Bitcoin's 35% increase since June lows. He speaks with Romaine Bostick & Emily Graffeo on "The Close."
Tether Co-Founder (ORG) Bitcoin (PERSON) Bill Quigley (PERSON) Co-Founder (ORG) U.S. (LOCATION) Romaine Bostick & Emily Graffeo (ORG)
Originally published by Bloomberg Technology Read original →

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