Tether CEO Makes Bold Statement About Bitcoin: “I Admire BTC, But Not Altcoins!”
In a recent interview, Tether CEO Paolo Ardoino expressed his admiration for Bitcoin and his reservations about other cryptocurrencies.
Bitcoin is Special!
Ardoino emphasized the uniqueness of Bitcoin among the thousands of cryptocurrencies available, noting that it is the only decentralized digital currency. He praised Bitcoin for being governed by mathematical principles and maintaining immutability.
During the Bitcoin conference in Prague, Ardoino highlighted the consistency of Bitcoin compared to other cryptocurrencies, which often undergo frequent changes in developers, software versions, and monetary policies. He stressed that Bitcoin’s supply is fixed at 21 million and undergoes halving every four years, ensuring a level of certainty that is unmatched by other cryptocurrencies.
“I’m not a fan of Memecoins!”
While Ardoino lauded Bitcoin, he made it clear that he does not have the same appreciation for memecoins. He stated that memecoins are the antithesis of Bitcoin and that they occupy opposite ends of the cryptocurrency spectrum.
In conclusion, Ardoino’s stance on Bitcoin and memecoins reflects his belief in the unique qualities of Bitcoin as a decentralized and immutable digital currency.
