Bitcoin gets vote of confidence as a long-term store of value as Tether says it will buy more of the crypto to back its stablecoin
Bitcoin got a vote of confidence as a long-term store of value after Tether said Wednesday it will buy more of the crypto to back its stablecoin.to buying bitcoin, excluding unrealized capital gains generated by price increases.
"Bitcoin has continually proven its resilience and has emerged as a long-term store of value with substantial growth potential," said Tether Chief Technology Officer Paolo Ardoino in a statement."Its limited supply, decentralized nature, and widespread adoption have positioned Bitcoin as a favored choice among institutional and retail investors alike."
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