Tether CEO Paolo Ardoino sparked a new debate in the crypto community on Friday, February 6th. make A post that seems to be bullish for Bitcoin as major price corrections are seen throughout the virtual currency market.
The long-time Bitcoin supporter and founder of the largest stablecoin company expressed his current mood regarding Bitcoin through a recent X post featuring a short video depicting an army at war with shields and swords.
Given the timing of the post and Bitcoin’s current market performance, Ardoino’s post has been widely interpreted as a metaphor for resilience and defensiveness under looming sell-off pressure.
Bitcoin falls 50% from ATH
Ardoino posted shortly after. Bitcoin We retested $60,000 as the price continues to drop significantly.
As the price correction continues, the asset is now down more than 50% from its all-time high, one of the most severe price declines in recent market cycles.
High market volatility continues to raise doubts among investors, and major cryptocurrencies face sustained selling pressure amid market-wide uncertainty, but Ardoino’s recent posts suggest that major companies view the decline as a test of patience rather than a defeat.
Prominent Bitcoin investors and institutional investors continue to show resilience amid significant price corrections, but continue to double down on Bitcoin’s declines, demonstrating long-term confidence in Bitcoin’s future price prospects.
In response to the widespread theory that periods of extreme volatility and fear often precede periods of recovery, and that confidence is built during market distress, he posted: tether’s CEOs are raising expectations even more among small investors.
