A year ago, our team sat down with Paolo Ardoino, CTO at crypto exchange Bitfinex, to talk about the Bitcoin price and the events that, for many, triggered the long crypto winter: the FTX collapse, and the downfall of major companies in the space.
Now, we sat down with Ardoino once again to talk about the underlying reasons fueling the current Bitcoin price rally, Bitfinex’s partnership with El Salvador, their ambition for the long term, and his new position as CEO at Tether, the company behind stablecoin USDT.
Ardoino draw a parallel between Bitcoin adoption and the legacy financial market, saying that adoption happens “slowly” but much more in the traditional system. In addition, he claims to be unbothered by his new role to focus more on the work. This is what he told us:
Q: What does your new position mean for you personally and for Bitfinex as a company? Will there be any changes for the users?
Paolo: No changes at all. I mean, I think on the Bitfinex side, again, my role didn’t change, and so things are progressing at the same pace, with the same attention to our user base. Same excitement for Bitcoin adoption and building Bitcoin infrastructure. So, absolutely no changes on the side. And also on the other side, I’ve been involved in strategy decisions for the last few years. I have always been excited to not just do development but also work on the strategy and the business side. So, also no changes there (…) Given the fact that I’ve been, anyway, leading the strategy made sense to just adjust the title on the Tether side as well.
For me. I mean, I’m the same guy that keeps working, keeps coding, keeps doing things that he likes all day long (…) So I like to think that for me, nothing changes. I’m not the type of guy that goes around with fanfare for title changes. I just like to work. I like the two companies that I’m working in. My passion is my work; it is my hobby.
Q: Having celebrated two years since the Bitcoin Law made BTC legal tender in El Salvador, do you believe it has significantly impacted the population? Are more people using Bitcoin now compared to 2021?
Paolo: So that’s a good question. So first of all, I am always carefully explaining that while we all want change, that is fast change can never be fast. People are historically by nature are reluctant to change. So I think it’s important that people keep that in mind because. I lived part of my time in Switzerland and I was…
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