during the 2024 Token2049 Dubai Conference, Tether’s CEO, Paolo Ardoino, spoke about AI, the Bitcoin halving, the recently-launched ETFs, USDT’s market share, and much more.
Additionally, he noted that the halving is a known event that people see coming and are preparing in advance for it. Consequently, he asserted that there is a big chance the halving might have already been priced in, especially given the fact that bitcoin soared to an all-time high ahead of it this time around.
Although he agreed that ETFs make it easier for people to begin their bitcoin journey, he also noted that these products have a somewhat negative effect. When people purchase shares of a spot ETF, they act in the opposite manner of what Maxis believes: that bitcoin HODLers should store their own assets outside of centralized entities.
Trading volumes on Bitfinex, a crypto exchange mostly serving institutional investors, have also grown significantly in the past 6 to 12 months after the ETFs went live.of Ethena’s USDe, the exec said there could not be a stablecoin industry if they were the only players in it.