Recently, during a panel, Paolo Ardoino, the Chief Executive Officer of Tether, shared his ideas about what role Bitcoin would play in traditional finance. Ardoino’s predictions are based on the U.S. SEC’s approval of the first spot Bitcoin exchange-traded funds (ETFs). This decision has pushed this cryptocurrency, making it more acceptable among seasoned investors.
Increased Interest from Institutional Investors
Ardoino expects that fund managers will be the next group to realize the potential of Bitcoin by incorporating it into their investment portfolios. These expectations of private investors are founded on the approval of spot Bitcoin ETFs in the US. These ETFs not only extended the accessibility of Bitcoin in traditional investment markets but also gave it legitimacy through the stamp of authority.
.@PaoloArdoino on the total addressable market of securitized tokens on the bitcoin network: „…in the trillions.” https://t.co/OtcaV2nEsl
— Tuur Demeester (@TuurDemeester) F
We współpracy z: https://coingape.com/tether-ceo-predicts-fund-manager-rush-to-bitcoin-post-etf-approval/
