Tether CEO: "Bitcoin (BTC) Will Surpass All Fiat Currencies... Predicts Collapse of Traditional Finance"
Summary
- Paolo Ardoino, Tether CEO, claimed that Bitcoin (BTC) will surpass all fiat currencies to become the center of the financial market.
- He emphasized that the existing financial system will collapse due to structural limitations and inflation.
- He added that Tether is a transitional tool for shifting the financial system to be Bitcoin-centered.
A claim has emerged that Bitcoin (BTC) will surpass all fiat currencies to become the center of financial markets, and that the existing financial system will eventually collapse due to structural limitations and inflation.
According to cryptocurrency media News Bitcoin on the 28th, Paolo Ardoino, Chief Executive Officer (CEO) of Tether (USDT), recently appeared on a podcast saying, "I am a Bitcoin maximalist" and "I expect a reset of the financial system. All fiat currencies will eventually collapse."
He emphasized that "fiat currencies inevitably face hyperinflation due to structural limitations" and claimed that "Bitcoin is the only currency that can last for the next 2000 years." He added that Tether itself is merely a transitional tool for shifting the financial system to be Bitcoin-centered.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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