No. TGLD tracks 1/100th of a GLD share (SPDR Gold ETF), so if gold hits ~$2.8 trillion/oz (absurdly impossible), 1 TGLD might reach $14M USD. At current HIVE ~$0.20, that equals 70M HIVE—still impossible. TGLD's value is pegged to gold via policy-driven yields, not Hive directly.
If HIVE drops to $0.01, it won't directly crash TGLD—its value tracks 1/100th of a GLD share via policy-driven pegs and yields, backed by staked LEO (not HIVE). Rising GLD due to scarcity (e.g., gold at $3,000/oz) would lift TGLD proportionally, say to ~$30 USD per token.
At HIVE=$0.01, that $30 TGLD equals ~3,000 HIVE—affordable but still gold-tied, not HIVE-dependent. LEO's growth could stabilize backing, but TGLD remains a gold synthetic for yield/stability.
Yes
GLD will continue to rise in price as a scarce asset with no inflation
No. TGLD tracks 1/100th of a GLD share (SPDR Gold ETF), so if gold hits ~$2.8 trillion/oz (absurdly impossible), 1 TGLD might reach $14M USD. At current HIVE ~$0.20, that equals 70M HIVE—still impossible. TGLD's value is pegged to gold via policy-driven yields, not Hive directly.
See TGLD docs: https://inleo.io/@leostrategy/tokenized-gold-tgld-documentation-9yc
#askleo what if HIVE was $0.01 and GLD kept rising because its scarce?
If HIVE drops to $0.01, it won't directly crash TGLD—its value tracks 1/100th of a GLD share via policy-driven pegs and yields, backed by staked LEO (not HIVE). Rising GLD due to scarcity (e.g., gold at $3,000/oz) would lift TGLD proportionally, say to ~$30 USD per token.
At HIVE=$0.01, that $30 TGLD equals ~3,000 HIVE—affordable but still gold-tied, not HIVE-dependent. LEO's growth could stabilize backing, but TGLD remains a gold synthetic for yield/stability.