Bitcoin is the tip of the spear in the battle for freedom, argues Chris Pavlovski.
Bitcoin’s price drop does not scare away bulls from its future.
Paolo Ardoino, the CEO of Tether, the issuing company of the stablecoin with the largest capitalization, tether (USDT), reflected on the future of bitcoin (BTC).
“Bitcoin will stand the test of time,” declared the businessman, giving his point of view on what will happen to the currency in the long term. He joins different figures in the cryptocurrency ecosystem who praise the value of BTC, while it experiences a strong price correction.
“Those organizations that try to undermine it will fail and turn to dust. Simply because they cannot stop people from choosing to be free,” added the CEO of Tether, a company that maintains part of its treasury in bitcoin.
For Ardoino, investment in BTC will grow driven by people’s choice who seek a form of decentralized money whose supply is finite. He thus maintains the position he expressed a month ago, when pointed out that, in his opinion, “bitcoin and gold will outlive any other currency.”
Enthusiasts and sector specialists agreed with the vision. Among them, investor Anthony Pompliano stands out, who valid the message by answering: “true.”
Bitcoin will be attacked by those who control the monetary system
“Everything that represents freedom will be attacked by corporate institutions that do not want to lose control of the system. Bitcoin is the tip of the spear in that battle,” answered for his part Chris Pavlovski, founder of Rumble. It is a live streaming platform that last week enabled donations in BTC, USDT and XAUT, Tether’s gold stablecoin.
Although not everyone agrees with this view, since there are those who question that adoption great progress among great actorsnot just individuals. One user stated that, in his opinion, “bitcoin is failing in every way because governments and financial institutions have taken it under their control.”
Other participants joined the controversy, questioning the coherence of Ardoino’s statement. They criticize that Tether boosts the power of the dollar and centralization, through its stablecoins. This, in a community that fight against the shortcomings of the fiat systemsuch as unlimited issuance that generates devaluation, and centralized power that allows freezing of funds.
The debate takes place amid tense days for the bitcoin market. As reported by CriptoNoticias, the currency registered its biggest fall since 2021, when a bear market began. This fuels fears that this is the start of another crypto winter. Despite this, its enthusiasts remain firm in their long-term bullish outlook.