/biz/ - Business & Finance

The bulltrap is soon complete, now we fall to 7k over the next months.

Not only are we going to see the most ridiculous and blatant fuckery from the system to prevent the little guy from winning, we'll also see Reddit be labeled as nazis or other hate group tomorrow, so yeah they're getting their redpills soon enough.
Banning of the discord already showed to many people how things really are.

>Mostly had the dollars when market cap was 950 million in 2018
>74% backed by cash and "cash equivalents".
>Market cap soon 25 billion and they're printing +3 billion a month.

So you're saying they started making billion a month a year after they were damn near insolvent and are now making exponentially more money?
Unless the Chink government is directly pumping money into Tether, there's no way this thing is even 10% backed.
This is going to turn out to be the biggest money counterfeiting scandal in history and it's going to lead to giga regulation of all crypto as everyone loses their money and calls for the death of this system.
And all because people didn't actively call for this fucking scam to be audited right from the get go, because they wanted a quick buck.
Get ready for trading crypto to become hell of a lot harder than it used to be and for 60% of the trade volume to evaporate.