Tether CEO Explained What Makes Bitcoin Unique, Commented on Memecoins
Tether CEO Paolo Ardoino explained the feature that distinguishes Bitcoin (BTC) from other cryptocurrencies.
Tether CEO Paolo Ardoino said that Bitcoin, unlike more than 14 thousand other cryptocurrencies, is decentralized and unique in this regard. Paolo Ardoino thinks other cryptocurrencies are more centralized.
Bitcoin and certainty
Speaking at the Bitcoin conference in Prague, Ardoino said, “Bitcoin is the only example of currencies governed by a mathematics that cannot be changed.”
In other currencies, you see developers coming and going every month. "They release new software, they change monetary policy, whether inflationary or deflationary, and they continue to change things," he commented.
Emphasizing that the supply of Bitcoin is strictly limited to 21 million, Tether CEO said, “The thing about Bitcoin is certainty. It's like a constantly ticking clock. "When it comes to unstoppable products or decentralization, only Bitcoin remains," he said.
Memecoin review
The memecoin market in the Ethereum and Solana ecosystems has grown to the tune of billions of dollars this year. Some cryptocurrency experts argue that memecoins do not benefit the industry.
Stating that Bitcoin and memecoins are "at two opposite ends of the spectrum", Tether CEO said that he "does not like memecoins".