Tether’s CEO Paolo Ardoino has declared Bitcoin as the only decentralized currency, distinguishing it among over 14,000 different digital assets, according to Cointelegraph.
“Bitcoin is the only currency governed solely by mathematics, with an unchangeable foundation,” he explained.
Ardoino noted that other currencies have developer teams working monthly to release new software and alter monetary policies.
Besides digital gold, some cryptocurrencies are slightly more centralized, while others are less so, added the Tether CEO.
“Bitcoin is certainty. It’s like a clock that keeps ticking forever. […] When it comes to the concept of unstoppable or decentralized products—because everyone uses the term ‘decentralized’—there is only Bitcoin,” stated Ardoino.
He also expressed skepticism towards the rising popularity of meme coins. The Tether CEO emphasized that he enjoys “memes, but not meme tokens.” According to him, Bitcoin and meme coins “are at completely opposite ends of the spectrum.”
Previously, bestselling author of “Rich Dad Poor Dad” and entrepreneur Robert Kiyosaki identified Bitcoin as the simplest path to becoming a millionaire. Before this, he predicted the first cryptocurrency would reach $350,000 by the end of summer.
Analysts at Bernstein expect digital gold to hit $200,000 by the end of 2025.