Paolo Ardoino, the CEO of Tether, has finally addressed Bitcoin’s price — a topic he typically avoids. His statement wasn’t a forecast but rather a straightforward acknowledgment of Bitcoin’s return to $117,000. This brief comment was significant not just for its content but for the authority behind it.
The context is crucial here. Earlier this month, Bitcoin’s value dipped below $110,000 following a challenging August. However, since then, the cryptocurrency has surged by over $7,000 and reached as high as $117,272 today before settling around $116,200 in anticipation of the Federal Reserve’s interest rate announcement.
Welcome back BTC@117k
— Paolo Ardoino 🤖 (@paoloardoino) September 17, 2025
Tether currently boasts a market capitalization of $171 billion and continues to be the primary trading pair on exchanges worldwide. Additionally, Tether holds approximately 92,646.2 BTC valued at about $10.76 billion — one of the largest corporate holdings in this asset class. When its CEO emphasizes a specific price point like this one; it serves as an important indicator that market participants should monitor closely.
This rare commentary from Tether’s leader reinforces that Bitcoin’s resurgence has achieved levels that carry both psychological significance and technical relevance.
Conclusion
The recovery of Bitcoin is being driven by familiar factors: ETF inflows totaling approximately $292.27 million over the past day alongside dwindling exchange reserves.
However, today’s key takeaway isn’t merely another analysis or chart pattern; it’s noteworthy that Tether’s CEO chose to break his silence regarding an essential figure that everyone in the market is watching: $117,000.