Tether’s CEO, Paolo Ardoino, recently shared a bold perspective on Bitcoin’s future, suggesting that it will outlast fiat currencies and even stablecoins like USDT.
Speaking on a podcast, Ardoino, who identifies as a Bitcoin maximalist, predicted that all traditional currencies will eventually fail due to inherent flaws, leaving Bitcoin as the dominant global financial asset.
Although Tether remains the largest stablecoin with a $142 billion market cap, Ardoino sees it as a temporary solution rather than a long-term fixture.
He described USDT as a bridge facilitating the transition to a Bitcoin-driven economy.
According to him, a financial reset could lead to hyperinflation and the collapse of national currencies, rendering stablecoins obsolete in a world where Bitcoin reigns supreme.
Ardoino has previously emphasized that Bitcoin stands apart from the thousands of other cryptocurrencies, highlighting its decentralization and unique properties.
His vision aligns with the broader maximalist belief that Bitcoin will ultimately become the world’s only universally accepted currency.
Japanese investment firm Metaplanet has officially joined the ranks of the world’s largest corporate Bitcoin holders, announcing Thursday the purchase of 145 BTC — pushing its total stash to 5,000 BTC, currently valued at around $460 million.
As global sanctions continue to isolate Russia from traditional financial networks, the country’s top financial bodies — the Central Bank and the Ministry of Finance — are preparing to launch a government-backed cryptocurrency exchange.
Veteran Bloomberg Intelligence strategist Mike McGlone has reiterated his bearish stance on Bitcoin, adding Dogecoin (DOGE) to the list of assets showing signs of weakness.
Bitcoin’s recent dip below $100,000 might feel discouraging, especially after soaring to $109,000 earlier this year.