CEO of Tether predicted a significant inflow of capital into spot Bitcoin ETFs

Tether CEO Paolo Ardoino expects further capital inflows into spot bitcoin ETFs in the United States. This is reported by The Block with reference to the speech of CEO Tether at one of the online conferences.

According to Ardoino, fund managers are interested in further adding bitcoins to their portfolios. CEO Tether predicted the integration of the first cryptocurrency into the field of traditional finance. At the same time, hedge funds, various corporations and even pension funds will show interest in digital gold, he said.

In addition, companies will start publicly storing bitcoins on their balance sheets. There are few such companies now. According to CoinGecko, these include MicroStrategy, Tesla, as well as mining companies Riot Platforms, Marathon Digital, Hut 8 and others.

Source: https://incrypted.com/ceo-tether-sprognoziroval-znachitelnyj-pritok-kapitala-v-spotovye-bitkoin-etf/