Paolo Ardoino, who is the CEO of Tether, the issuer of the largest stablecoin USDT, thinks that institutional demand for Bitcoin will grow.
Ardoino, who is also the CTO of the Bitfinex exchange, participated in a broadcast Bitcoin will increasingly become part of traditional finance told.
Ardoino thinks that thanks to the approval of spot ETFs, hedge funds and institutional companies will start adding Bitcoin to their portfolios.
Ardoino, “Every company can now add small amounts of Bitcoin to its balance sheet, and I think that will grow over time.” said.
Tether CEO, giving the example of El Salvador Other governments are also part of this trend He talked about what it could become.
Ardoino, “This is just like the Bitcoin ETF story. Initially, Bitcoin ETFs possibility of establishment “They were making fun of people who even mentioned it, but when it became a reality, everyone started wanting to jump on the Bitcoin train and establish an ETF.” said.