The chief executive of Tether’s stablecoin, Paolo Ardoino has said that Bitcoin is “undefeatable“, in a post by X. This bold statement comes at a time when markets are in turmoil and digital assets have been under new downward pressure.
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Bitcoin’s price action Ardoino’s statement has prompted a lot of conversation among analysts and traders.
Tether’s Bitcoin Holdings Expand
Tether’s Bitcoin holdings have reportedly risen to almost 80,000 BTC, according to recent reports. This holding would be worth over $9 billion at the current rate.
Its constant buying shows that it still sees value in Bitcoin, even if prices fall. Tether’s recent balance sheet heavily relies on the oldest crypto-asset in existence.
Market watchers believe that such a commitment by a large player would boost confidence in Bitcoin’s prospects on the long term.
Bitcoin is unbeatable
— Paolo Ardoino 🤖 (@paoloardoino) August 6, 2025
Ardoino supporters have rallied to support his view, noting that Bitcoin has a history of rebounding after large sell-offs. According to reports on crypto forums, and in social media feeds, some believe only big, long-lasting shocks are able to move Bitcoin’s price.
Some caution against calling assets by their asset names. “undefeatable” Investors may be lulled into a false security. In the future, they warn, new technologies may challenge Bitcoin as the top cryptocurrency.
Bitcoin $BTCUSD A number of other cryptos set up a fake head after a Bollinger Band Squeeze. This pattern doesn’t appear on ETFs because they do not trade over weekends and holidays. Investors beware!
— John Bollinger (@bbands) August 6, 2025
Bollinger Technical Warning
John Bollinger is the inventor of the Bollinger Bands A note was posted on X by a charting tool about a possible “head fake” Bitcoin price is rising.
He pointed to a Bollinger Band pressure that temporarily pushed Bitcoin to $111900 on August 3, before it sprang back to $115700.
The sudden U turn trapped many of the bears that betted on further drops. Bollinger added that this pattern is not seen on cryptocurrency ETFs since these funds aren’t traded on weekends.
It is a term borrowed from basketball “head fake” A stock that goes up and down in price, then suddenly reverses direction. It catches traders unawares.
Bitstamp showed that Bitcoin traded at $115.200 in one session.
Coin has risen slightly in the past day, but volatility still remains. The weekend gap and the low liquidity are factors that can cause sharp movements in either direction.
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Participants in the Market Weigh-In
Investors are analyzing both Bollinger’s cautionary flag and Tether boss’ bullish message.
Some say Bitcoin’s track record in the past decade—including weathering regulatory clampdowns, global economic shocks, and high-profile exchange failures—earns it the right to such bold labels.
Some investors argue blind faith will not protect them from market fluctuations.
Chart from TradingView, Featured Image from Meta
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Source: www.newsbtc.com
