Two prominent figures in the stablecoin industry have cautioned against the dangers of obsessively tracking cryptocurrency prices, comparing frequent trading to gambling while maintaining their long-term confidence in digital assets.
Avoid the Pitfalls of Vegas-Style Crypto Day-Trading, Say Stablecoiners Witkoff and Collins
3 December 2025 - 19:00 CET
By Giles Broom
Speaking at Binance Blockchain Week in Dubai, Zach Witkoff, co-founder and CEO of World Liberty Financial – the Trump-backed company behind the USD1 stablecoin – offered a measured approach to the market.
“I don’t really check the prices day to day,” Witkoff said during a panel discussion. “I believe in the long-term health of this industry and the long-term growth of major assets like Bitcoin, ETH, World Liberty Financial…I don’t trade in and out every day. I guess you could call me bullish.”
The contrarian signal
When asked about Bitcoin’s recent volatility, Witkoff and fellow panelist Reeve Collins, co-founder of Tether, the largest stablecoin issuer, shared a wry smile. Witkoff dismissed media headlines about Bitcoin’s recent “rout” in which the original cryptocurrency declined to near $80,500 on 21 Nov. He suggested that interest from the mainstream media merely shows that the market has reached an inflection point.
“When all the newspapers tell you that Bitcoin’s getting hammered, your mum’s calling you, your cousin’s calling you, saying ‘are you alright? I saw the prices are down," Witkoff observed. "Those tend to be bottom signals: I’m not too worried.”
Bitcoin had declined more than 30% since its all-time high on 6 Oct before paring losses this week. It traded at about $92,500 as of 17:23 UTC, leaving the entire crypto market at a value of $3.11tn compared with more than $4.27tn two months ago.
Vegas tactics
Collins took a more pointed stance on retail crypto trading, explicitly comparing it to casino gambling.
“It's not good for your personal health to check the prices day to day,” Collins told the audience. “Should the general public check it all the time? Sure, if they love to gamble, if that's what they're in it for.”
He later elaborated: “Is the public ready? Are they ready for crypto prices? I don't know: do they like to go to Vegas? If so, yes. If not, just use the technology, don't invest in it.”
Infrastructure focus
The comments come as fiat-pegged stablecoins gain prominence in global payment systems, offering faster and cheaper money transfers between organizations. These digital currencies also serve as critical infrastructure for crypto marketplaces and payroll systems at blockchain-focused companies.
Witkoff highlighted that World Liberty's USD1 is deeply integrated into Binance's BNB blockchain ecosystem, serving a community that includes technology workers, developers, and active traders.
The discussion provided a sobering counterpoint to the atmosphere at Binance's annual conference, where numerous trading platforms exhibited alongside the exchange operator that serves 300mn users worldwide. Crypto day trading remains popular among users who access these platforms in their spare time.
Building vs. betting
As lawmakers and regulators worldwide develop consumer protection frameworks for digital currencies and blockchain assets, the stablecoin founders emphasized a different priority: enabling technological development rather than speculative trading.
According to Collins, stablecoin backers are more focused on fostering innovation around the underlying technology than encouraging price speculation.
That’s not quite the impression created by Witkoff’s co-founder Eric Trump, however. He has repeatedly suggested this year that Bitcoin will reach a million-dollar value in the near future, without giving a specific date. The Trump family fortune may have lost about $1bn leading up to the November crypto market correction, according to an estimate last month by Bloomberg.
