Bitcoin’s Potential Price According to CEO Tether, Paolo Ardoino, After Halving

Tether's new CEO, Paolo Ardoino, has addressed the question of Bitcoin's price after the halving. During the halving event, the supply of new Bitcoins issued to miners is reduced by half, leading to speculation about its impact on the price. Ardoino acknowledged the uncertainty surrounding Bitcoin's price post-halving but expressed optimism for its long-term growth. He emphasized that market dynamics, such as demand and supply, in addition to other factors, can influence Bitcoin's price. Ardoino also highlighted Tether's commitment to supporting Bitcoin and the wider cryptocurrency ecosystem through its stablecoin offerings. As a leading figure in the industry, Ardoino's insights provide valuable perspective on the future of Bitcoin and its potential for continued success.

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New Tether CEO, Paolo Ardoino, has addressed questions about the Bitcoin price following the halving.

As the next Bitcoin halving event approaches, Bitfinex and Tether’s CEO Paolo Ardoino notes the difficulty in predicting its impact on prices due to increased demand from Bitcoin ETF spot funds.

Ardoino emphasizes that the current demand for Bitcoin significantly exceeds the amount of coins generated from mining activity.

Ardoino said: “Right now, the demand for Bitcoin still significantly exceeds the current mining activity.”

The next halving event, scheduled for April, is expected to decrease miner rewards from 6.25 BTC per block to 3.125 BTC.

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