“Paolo Ardoino Talks Long-term Crypto Ambitions and Bitcoin Adoption”
A year ago, our team interviewed Paolo Ardoino, CTO at Bitfinex, to discuss the Bitcoin price and the events that led to the long crypto winter. Now, we caught up with Ardoino again to talk about the reasons driving the current Bitcoin price rally, Bitfinex’s partnership with El Salvador, their long-term ambitions, and his new role as CEO at Tether.
Bitfinex and Tether
Paolo discussed how his new position as CEO at Tether won’t bring any changes for Bitfinex or its users. He emphasized that he will continue focusing on strategy decisions, business development, and Bitcoin infrastructure. His passion for his work remains unchanged despite the title change.
Impact of Bitcoin Law in El Salvador
Paolo believes that significant change takes time and patience. He pointed out that people are naturally resistant to change and drew parallels between Bitcoin adoption in El Salvador and the slow adoption of credit and debit cards in Switzerland. He emphasized the importance of education for widespread adoption.
Bitfinex’s Partnership with El Salvador
Bitfinex has partnered with educational projects such as Torogoz Dev and Mi Primer Bitcoin to promote knowledge and infrastructure development in El Salvador. They also obtained a securities license to help small companies raise capital through securities.
Bitcoin Market Activity
Paolo believes that since 2022, institutions have been accumulating Bitcoin, leading to a steady recovery in its price. He also mentioned that the potential approval of a spot Bitcoin ETF could further drive Bitcoin adoption.
Hot Take:
Paolo Ardoino’s insights shed light on the slow but steady process of Bitcoin adoption globally, emphasizing the need for patience and education. The partnership between Bitfinex and El Salvador aims to promote knowledge and infrastructure development. Additionally, Paolo’s perspective on market dynamics indicates a positive outlook for Bitcoin’s future.
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