Tether CEO: Bitcoin's Limited Supply Drives Superior Performance and Boosts Economic Expansion
- Tether CEO Paolo Ardoino emphasizes Bitcoin's long-term value, citing El Salvador's 30% tourism surge after adopting it as legal tender in 2021. - He highlights Bitcoin's scarcity and immutability as advantages over Ethereum, noting Tether's $10.98 billion BTC holdings and growing institutional adoption globally. - Ardoino frames Bitcoin as a "lifeline" for economies, with 1.5M BTC in ETFs and U.S. states exploring strategic reserves, signaling its shift toward core financial infrastructure. - While Ethe
Tether CEO Paolo Ardoino has once again stressed that those who embrace
Ardoino described Bitcoin as a “lifeline” for economies facing challenges and as a superior form of global currency, suggesting its adoption marks a turning point for both countries and individuals. He emphasized that cities and businesses that integrate Bitcoin could benefit greatly by accessing the capital within the cryptocurrency’s network. Tether’s own Bitcoin reserves, now totaling 100,521 BTC (valued at $10.98 billion), illustrate the company’s commitment to this approach. Ardoino also pointed out that Bitcoin’s capped supply of 21 million coins and its “unchangeable” nature make it a more appealing store of value than
His statements are in line with the growing trend of Bitcoin adoption by both institutions and governments. Since 2024, Bitcoin ETFs have acquired more than 1.5 million BTC, and countries such as El Salvador continue to build their Bitcoin holdings. The United States has also shown interest in developing a national Bitcoin reserve, with some states already investing public funds into the asset. Ardoino’s perspective supports the idea that Bitcoin is evolving from a speculative investment to a fundamental part of the world’s financial system.
Although Ethereum’s staking and DeFi sectors have drawn considerable investment—with nearly 70 institutions directly holding $17 billion in
The CEO’s focus on Bitcoin’s strengths comes as the crypto community debates the advantages of being an early adopter. By referencing El Salvador’s economic improvements and Tether’s own Bitcoin investments, Ardoino highlights the outsized benefits that can come from early involvement. Nevertheless, this position also prompts discussion about Bitcoin’s scalability and practical uses compared to Ethereum’s application-centric approach.
With Bitcoin adoption gaining momentum among both institutions and nations, Tether’s decision to allocate significant resources to the cryptocurrency demonstrates strong belief in its future leadership. Ardoino’s viewpoint mirrors a broader industry movement toward recognizing Bitcoin not merely as a speculative asset, but as a key pillar of the global financial system, with the potential to transform economies for those who adopt it early.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Switzerland Delays Crypto Information Exchange Pending International Coordination
- Switzerland delays crypto tax data sharing with foreign nations until 2027, citing unresolved CARF partner agreements. - The OECD's 2022 framework requires member states to exchange crypto account details, but 75 countries including the EU and UK face implementation challenges. - Transitional measures ease compliance burdens for Swiss crypto firms while awaiting finalized international data-sharing protocols. - Major economies like the U.S., China, and Saudi Arabia remain outside CARF due to non-complian

Bitcoin Updates: SGX Addresses Offshore Perp Shortfall as Bitcoin Decline Increases Demand for Hedging
- SGX launched Bitcoin and Ethereum perpetual futures, becoming a first-mover in regulated onshore crypto derivatives to meet institutional demand. - The $187B/year perp market, dominated by Asia, now gains a regulated alternative to offshore platforms with SGX's 22.5-hour trading window. - Perps enable hedging during Bitcoin's 2025 downturn, with SGX's margin-call system prioritizing investor protection over instant liquidations. - Regulatory caution limits access to accredited investors, aligning with gl

Bitcoin News Update: Institutional ETF Adjustments Challenge Key Bitcoin Support Thresholds
- Analysts warn Bitcoin faces 25% drop risk if key support levels fail amid shifting institutional ETF dynamics. - Texas's $5M IBIT purchase highlights growing government interest, but ETFs fall short of direct BTC ownership criteria. - Technical analysis shows Bitcoin trapped in a broadening wedge pattern, with breakdown below $80,000 risking $53k decline. - Institutional rebalancing sees $66M IBIT outflows vs. $171M FBTC inflows, signaling tactical ETF rotation over accumulation. - Abu Dhabi's $238M ETF

XRP News Today: IMF Cautions That Rapid Tokenized Markets Could Intensify Crashes in the Absence of Regulation
- IMF warned tokenized markets like XRP could worsen flash crashes without regulation, citing risks from decentralized systems lacking traditional safeguards. - Report acknowledged tokenization's potential to cut cross-border payment costs but highlighted volatility risks from rapid liquidity loss seen in crypto markets. - SEC's approval of crypto ETFs signals growing institutional acceptance, though regulators emphasize oversight frameworks to mitigate systemic risks. - IMF proposed a global digital marke
