#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
💬 Do you think Bitcoin will become a new norm for corporate asset allocation? How might this impact Bitcoin’s price? What’s your recent BTC trading strategy? Post to share your price predictions, market analysis, and strategies with us using the topic tag!
🎁 Meanwhile, Gate’s BTC Staking event is in full swing! Simply stake your BTC and earn up to 3% APY. Click the link to start staking and enjoy your earnings: https://ww
The CEO of Tether company stated in the Bitcoin Italia podcast that in the long term, the stablecoin USDT issued by his company will become unnecessary, and the world will only use Bitcoin.
According to Paolo Ardoino, the global financial system will soon face a crisis that will cause the collapse of national currencies and hyperinflation: 'The crisis is inevitable. In this scenario, only the first cryptocurrency will survive, and stablecoin USDT will eventually prove to be an unnecessary asset.'
The businessman believes that the task of Tether, the stablecoin operator, is to help developing countries gradually adapt their financial systems to the bitcoin standard.
According to Ardoino, Bitcoin will be able to survive any cataclysms and will be in demand even after 2000 years, while USDT will exist as long as there is a need for it.