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Every year it’s a new narrative. The reality is that until Tether is no longer active, we will never know the real price of Bitcoin or any other cryptotoken. T
by kranke155 3y ago
Every year it’s a new narrative.
The reality is that until Tether is no longer active, we will never know the real price of Bitcoin or any other cryptotoken. Tether is one of the largest financial problems in history at this point.
- deleted 3y ago[deleted]
- beaeglebeach 3y agoWith an ETF who cares about price. Buy BTC onto cold wallets, short the ETF, and you can't lose more in dollars than the cost of shorting plus risk of losing wallet . The major issue with BTC before was you could only hedge in the same gambler shitholes that would go bust as soon as BTC did, making the hedge useless.
- drexlspivey 3y agoTether is printing money, they make around $5B every year just by buying Treasuries, are you implying they are insolvent? Why? They make tons of money just by doing nothing
- kranke155 3y agoThis is the exact same thing people said about FTX. “Why would they be insolvent if they can make 200mil a month legally?” Turns out they were
- rspeele 3y agoWith $90B in USD they could make ~$5B just by doing nothing. Although technically we don't know that they have $90B USD under management, other than them saying so. They have never been audited. All we know for certain is that they have printed $90B USDT.
- kranke155 3y agoNever been audited is an understatement. They have dodged all regulation, been chased around and proven to be lying multiple times. Tether once said they had no association to Bitfinex, which was a plain lie. Its been lies all the way through. There is literally no reason to trust Tether and multiple independent signals that the whole thing is not reliable.