Tether CEO predicts more funds will increase their holdings of Bitcoin

Bitget App

Trade smarter

Bitget

News

Cointime2024/02/28 06:38

By:Cointime

BlockBeats News, on February 28th, according to The Block, Tether CEO Paolo Ardoino predicts that Bitcoin will increasingly integrate into traditional finance, with growing interest in the world's first cryptocurrency, including hedge funds, pension funds, and enterprises.

Ardoino is also the Chief Technology Officer of Bitfinex. On Tuesday, he gave a speech with Blockstream CEO Adam Back at an online event hosted by the trading platform. During the live broadcast, Ardoino said that it is expected that with the approval of the US spot Bitcoin ETF, more fund managers will be interested in including Bitcoin in their portfolios. He also said that fund managers are increasingly interested in raising the proportion of Bitcoin in their investment portfolios to five percent.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14