Bitwise CIO Predicts Tether’s Growth Could Rival Top Global Corporations
Matt Hougan, Bitwise CIO, that the stablecoin issuer’s business model, which is based on high interest rates and constant asset accumulation, makes Tether a strong candidate to become the most successful firm ever. If the corporation acquires $3 trillion in assets, which is approximately 3% of the world’s money supply, it may generate more revenue than the renowned oil giant Saudi Aramco.
Tether’s recent discussion of a $500 billion valuation, which places it on par with tech giants like OpenAI and SpaceX, supports these predictions.
Incredible Growth in Users and Assets
Tether now has over 400 million users, and approximately 35 million new wallets are added every quarter. In emerging economies, have become increasingly popular. It acts as both a replacement currency and a way to strengthen the U.S. dollar.
Tether now owns $127 billion in U.S. Treasury securities, making it one of the largest non-sovereign investors in the world. It also has more than 100,000 worth roughly $11.4 billion. The company’s reduced workforce of fewer than 200 people generated an anticipated $13 billion in profit in 2024, demonstrating its effective business operations.
Tether is no longer satisfied with just being a stablecoin issuer; it’s expanding into new areas. The corporation has invested a significant amount of money in BTC mining, telecommunications, data centers, energy infrastructure, and . These numerous actions demonstrate the ambition of Tether and how crypto firms are becoming increasingly valuable in the digital industry as a whole.
The Chance for Crypto in Global Markets
Hougan’s extends beyond Tether to examine the entire cryptocurrency industry. He points out that BTC’s market valuation of $2.3 trillion is still less than gold’s $25 trillion, indicating the significant room for crypto to grow.
ETH and are targeting the global payments and finance markets, which are worth hundreds of trillions of dollars. Hougan believes that these platforms, which function like decentralized supercomputers, can play a significant role in markets where centralized corporations may struggle to compete.
What Investors Should Know
Hougan investors to view crypto investments like venture capital: expect challenges, but recognize that the upside is that you may support winners that are larger than any conventional tech company. The growth of companies like shows that crypto is not just a small industry, but also a place where large businesses can be begined.
