/biz/ - Business & Finance

>>29966161
Hahaha, very nice fren, I'm afraid BTC might actually see such a huge red dildo in the future.

>>29966194
Tether days are over, XRP will rises from the ashes of crypto as the magnificent phoenix it is

>>29669504
>Tether inc gets loan from bahamas bank that they're majority shareholders in
>use that loan to print USDT
>buy a massive amount of BTC with that USDT
>starts a pump
>sell off the BTC to pay back the loan
>store the remaining BTC and say its "backing" BTC leads the market.
BTC's price is artificially pumped by USDT
USDT is insolvent.

The great depression was caused by a run on the banks. A run on BTC will be catastrophic.

>>29658834
pic related.

>>29658856
Either the entire crypto market dies, or the money flows to a new (see: regulated) 'store of value'. Place your bet.

>>29658909
Listen chief, allow me to spoonfeed you the tether scam:
>Tether inc gets loan from bahamas bank that they're majority shareholders in
>use that loan to print USDT
>buy a massive amount of BTC with that USDT
>starts a pump
>sell off the BTC to pay back the loan
>store the remaining BTC and say its "backing" the USDT
It's a ponzi with extra steps. Everytime BTC crashes, Tether prints 300 billion USDT and theres a huge V-shaped recovery.

>>29658977
Quarterly audits. However if they can prove that USDT is being used by anyone in New York between now and the next audit, it will trigger the RICO investigation all the same.

>>29659314
USDC is regulated and backed 1:1 with USD. They also submit regular audits.