"Easy Choice": Tether Boss Picks Bitcoin Over Ethereum

“Easy Choice”: Tether Boss Picks Bitcoin Over Ethereum

August 3, 2024

In a social media post, Tether CEO Paolo Ardoino has dismissed the idea of allocating a portion of the company’s profits to Ethereum, the second-biggest cryptocurrency by market cap.

Ardoino has picked Bitcoin over Ethereum due to the former’s immutability and limited supply. “Bitcoin is immutable. Only 21 million coins. Easy choice,” he said.

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Funny! Musk and Bezos took jabs at each other on X over Musk’s claim the Amazon founder was “telling everyone” Donald Trump would lose the election and to sell shares in Musk’s companies – which Bezos denies.

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Very funny! They found a way out: The largest bank in Russia has advised clients to seek loans in Belarus due to Russia’s monstrously high interest rate. The key interest rate difference between the two countries is striking: Russia at 21%, compared to Belarus at 9.5%

The key (or refinancing) rate refers to the interest rate at which commercial banks borrow money from the central bank.

“Easy Choice”: Tether Boss Picks Bitcoin Over Ethereum

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Funny! Musk and Bezos took jabs at each other on X over Musk’s claim the Amazon founder was “telling everyone” Donald Trump would lose the election and to sell shares in Musk’s companies – which Bezos denies.

Very funny! They found a way out: The largest bank in Russia has advised clients to seek loans in Belarus due to Russia’s monstrously high interest rate. The key interest rate difference between the two countries is striking: Russia at 21%, compared to Belarus at 9.5%