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Recently number go up, so there will be people tempted to "invest" in number going even upper. Of course, number going up is purely due to consumer and institu
by resolutebat 3y ago
Recently number go up, so there will be people tempted to "invest" in number going even upper.
Of course, number going up is purely due to consumer and institutional demand and has nothing to do with, say, Tether printing another 5 billion USDT recently.
https://davidgerard.co.uk/blockchain/2023/12/06/bitcoin-goes-up-can-5-billion-unbacked-tethers-kickstart-a-fresh-crypto-bubble/ https://davidgerard.co.uk/blockchain/2023/12/06/bitcoin-goes...
- petesergeant 3y agoI have this fantasy that Tether is legit, and trying to look shady, so that they can buy dollars at a discount. Any time market confidence falters, they prop up this price by buying back tether (which is backed 1:1) at a price under 1. They purposefully don’t provide any evidence, because it leads to cheaper dollars for them to purchase. Definitely not true, but what a beautiful “scam” that would be.