/biz/ - Business & Finance

>>23729963
>MicroStrategy buys $400,000,000 of BTC
>Bitcoin's price doesn't budge
>tether's market cap increases by 500,000,000
>Bitcoin's price goes up 30% in two weeks
wow it's a miracle

Yet more retarded Tether FUD. Tether's coins available rises because Bitfinex holds part of its backing funds in Bitcoin, not the other way around. And the only reason Tether does that is because the U.S. government sabotaged their ability to work with banks to hold fiat cash in deposit accounts. They had it in Hong Kong and were told to fuck off, they moved it to Colombia and were told "LOL that's drug money we're confiscating it all". Now they back it in the only crypto that matters and the U.S. Government can't make shit up to steal it.