Tether CEO: Bitcoin ’Undefeatable’ as 80K BTC Reserve Grows
Tether CEO Paolo Ardoino recently called Bitcoin “undefeatable”, highlighting its resilience amid ongoing market volatility. He stressed Bitcoin’s long-term strength against macroeconomic headwinds, sparking debate between supporters praising its durability and skeptics warning of future challengers.
According to Arkham Intelligence, Tether has built up nearly 80,000 BTC reserves, valued at over $9 billion, positioning the issuer among the top ten institutional Bitcoin holders. Bitcoin is trading around $115,000 with slight daily gains.
Many traders view Bitcoin’s steadiness as a buying opportunity. Others caution that emerging crypto projects could erode Bitcoin’s dominance. Market watchers should monitor Bitcoin’s short-term volatility and Tether’s growing BTC reserves for clues to the next market catalyst.
Bullish
Tether’s accumulation of nearly 80,000 BTC, combined with CEO Paolo Ardoino’s assertion that Bitcoin is “undefeatable”, reinforces confidence in Bitcoin’s demand and medium-to-long-term price trajectory. The news may spur additional buying from institutional and retail investors anticipating further reserve builds. While short-term volatility remains, traders are likely to interpret growing BTC reserves and bullish leadership sentiment as a trigger for renewed upward momentum.