United

Bitcoin

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<ul> 
 <li>Ardoino anticipates that fund managers will be the next group to recognize the potential of Bitcoin and include it in their investment portfolios.</li> 
 <li>As stated by Tether’s CEO, adding Bitcoin to company balance sheets is a realistic step taken by many companies.</li> 
 <li>After the approval of the first spot Bitcoin exchange-traded funds (ETFs) by the SEC, the assets of these funds have significantly expanded and currently stand at around $42 billion.</li> 
</ul> 
<p><strong>Tether’s CEO Paolo Ardoino shared his thoughts and predictions about the role Bitcoin will play in traditional finance.</strong></p> 
<h2 id="strong-sharing-thoughts-on-bitcoin-tether-ceo-strong"><strong>Sharing Thoughts on Bitcoin, Tether CEO</strong></h2> 
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-126551" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="bitcoin-btc" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?w=1280&amp;quality=70&amp;ssl=1 1280w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p> 
<p>Tether’s CEO Paolo Ardoino shared his thoughts on the role Bitcoin will play in traditional finance during a recent panel. Ardoino’s predictions are related to the SEC’s approval of the first spot Bitcoin exchange-traded funds (ETFs). This decision makes this cryptocurrency more acceptable among experienced investors.</p> 
<p>Ardoino expects fund managers to be the next group to recognize the potential of Bitcoin and include it in their investment portfolios. These expectations are based on the approval of spot Bitcoin ETFs in the United States. These ETFs not only expanded the accessibility of Bitcoin in traditional investment markets but also gained legitimacy through regulatory approval.</p> 
<p>In Ardoino’s context, fund managers could allocate about one-fifth of their assets to Bitcoin. This shift indicates the tendency for digital assets to become an integral part of diversified investment strategies.</p> 
<p>As mentioned by Tether’s CEO, adding Bitcoin to company balance sheets is a realistic step taken by many companies. Spot Bitcoin ETFs were launched during a period when several companies, such as Tesla, Inc. and MicroStrategy Inc., disclosed their Bitcoin positions.</p> 
<p>Ardoino hopes that the introduction of spot Bitcoin ETFs will create a tendency for more companies to follow this example, especially during periods of political instability. However, they use Bitcoin to protect their assets against the volatility of traditional financial markets.</p> 
<h2 id="strong-increase-in-bitcoin-etf-assets-strong"><strong>Increase in Bitcoin ETF Assets</strong></h2> 
<p>After the approval of the first spot Bitcoin ETFs, the assets of these funds have significantly expanded and currently stand at around $42 billion. The multitude of Bitcoin ETFs is one reason for the influx of capital into cryptocurrency, leading to a price rally that surpassed the all-time high since November 2021. This price movement is a clear indicator of the significant impact of substantial institutional investment on Bitcoin’s market dynamics.</p> 
<p>Ardoini also mentioned that regulations around cryptocurrency are taking shape. With other countries like El Salvador adopting BTC as legal tender, he argues that regulators and policymakers in other jurisdictions need to evolve rapidly to cope with the rapidly changing financial landscape.</p> 
<p>In the United States, there is a period of introducing laws that will provide regulatory frameworks for cryptocurrencies. Additionally, SEC Chairman Gary Gensler’s classification of Bitcoin as a commodity sets it apart from other cryptocurrencies that are generally treated as securities.</p> 
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<p>The post <a rel="nofollow" href="https://en.coinotag.com/tether-ceo-shares-predictions-for-btc-traditional-finance-and-bitcoin/">Tether CEO Shares Predictions for BTC: Traditional Finance and Bitcoin</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>

Tether CEO Shares Predictions for BTC: Traditional Finance and Bitcoin

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