Bitcoin Will Outlast Fiat Currencies and Even Tether, Predicts Paolo Ardoino

Tether’s CEO, Paolo Ardoino, recently shared a bold perspective on Bitcoin’s future

Tether CEO Paolo Ardoino has shared a unique perspective on the future of Bitcoin, contrasting it with fiat currencies and Tether's USDT stablecoin.

During a recent appearance on the "Best Business Travel Podcast," Ardoino, who openly identifies as a Bitcoin maximalist, expressed his belief that all traditional currencies are fundamentally flawed and destined to fail.

This failure, he predicts, will leave Bitcoin as the last man standing, inheriting the mantle of the dominant global financial asset.

While Tether is currently the largest stablecoin with a $142 billion market cap, Ardoino sees it as a temporary solution rather than a permanent fixture in the evolving crypto ecosystem.

"It's a bridge that we're building to move to a Bitcoin-driven economy," Ardoino explained, highlighting the role of Tether's USDT in facilitating the transition to a new financial order.

The CEO went on to describe a scenario where a financial reset could lead to hyperinflation and the collapse of national currencies like the dollar, rendering stablecoins like USDT obsolete.

In this bleak yet optimistic vision, a world where Bitcoin reigns supreme would emerge from the ashes of traditional finance.

Ardoino's predictions stem from his strong belief in Bitcoin's unique properties, which he has previously emphasized in an interview with Blocksize Matters.

Unlike the thousands of other cryptocurrencies that are essentially copies of Bitcoin, Ardoino asserts that Bitcoin is in a league of its own thanks to its decentralization and the ingenuity of its creators, Satoshi Nakamoto.

This vision aligns closely with the broader maximalist ideology, which predicts that Bitcoin will ultimately become the world's only universally accepted currency, rendering all other financial instruments obsolete.

However, it remains to be seen whether this optimistic yet extreme scenario will come to pass as the cryptocurrency industry continues to evolve at a rapid pace.