Paolo Ardoino is the CEO of Tether. The stablecoin that has the largest market cap in the world. He expressed concerns over the potential impact of an AI bubble by the year 2026 on Bitcoin.
Ardoino shares his views on BitcoinBTCOn Thursday, the Crypto Industry will be presenting the latest developments in the crypto sector. Bitcoin Capital Co-hosted podcast by Bitfinex Securities & Blockstream
Bitcoin was mentioned by the executive. “still too much correlated” Capital markets could be affected by the AI bubble or, a stock market bubble that is theorized to grow amid the current AI boom.
“That is the so-called AI bubble, this concern about the fact that AI companies are spending too much money in AI infrastructure and data centers and trying to build a gazillion gigawatts of power and installing GPUs,” Ardoino said.
Ardoino forecasts that BTC will no longer experience sharp corrections in the same way as those seen between 2022 and 2022
Tether’s CEO said that if AI sentiment shifted in 2026 the stock market volatility in the US would affect Bitcoin prices.
Ardoino does not see any other significant risks for Bitcoin’s performance by 2026, apart from the AI bubble associated risks. This is due to its growing adoption among pension funds and government.
“So I would imagine that sharp corrections of 80%, like we saw in 2022 or early 2018, might not be the case anymore,” Ardoino predicted.
Ardoino expressed bullishness as well on real-world asset (RWA) tokenizationSaying that tokenized commodities and securities are “going to be massive.”
“The only downside I see is like. Bitcoin is for Bitcoin, right? You don’t want 99% of Bitcoin being institutionalized,” He said.
Ardoino is bearish about Europe “just treasury companies”
Tether CEO Paolo Ardoino, while remaining optimistic about Bitcoin and tokenization by 2026 expressed a much less positive view of crypto adoption in Europe as well as certain developments that will occur in the digital asset Treasury in 2019.
“I’m very bearish on Europe,” Ardoino argued in an interview that the region is still lagging behind when it comes to innovation.
“Europe will always remain the last wheel of the cart whenever we talk about innovation. Europe is trying to regulate something that it doesn’t understand yet. That is very sad,” He also added.
Ardoino emphasized the importance of European Union. Markets in Crypto-Assets Regulation (MiCA)The debate about centralized or local crypto oversight has been intensified.
Related to Europe reconsiders crypto oversight as ESMA centralization gains momentum
Tether is one of the leading companies in its field. openly refuse compliance with MiCATether USDt was delisted from many European crypto assets service providers (USDT) stablecoin.
Addressing DATs, Ardoino said he’s “not very bullish” On crypto-treasury businesses that are “just treasury companies.”
“I think that you want a treasury company to have an amazing operational business,” Ardoino added remarks to the Tether-backed Bitcoin company Twenty One:
“The aim for Twenty One is for Twenty One to be an amazing Bitcoin company that provides Bitcoin services and also has a Bitcoin treasury, a very important, big Bitcoin treasury.”
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
