/biz/ - Business & Finance

>a billion
amateurs

>>56552314
that requires 1 billion dollars of deposits

>>56552323
Usdt is the fed

>>56552340
this

>>56552314
>Guys how can they just make 1 billion dollars appear out of nowhere
Explain to me why is the public sector allowed to print infinite money but the private sector isn't?

>>56552392
Sbf, that you?

>>56552413
I was referring to Tether not FTX

he wills it pbuh

>>56552326
>DONT LISTEN TO THIS MAN, ITS NONSENSE AAAAAAA!!

>>56552314
tether is unironically the greatest fud against crypto. it is a ticking atomic bomb and when it goes off we're all fucked.

>>56552314
Retard alert

>>56552314
fake signaling, don't fall for it

>>56552314
Paolooooooooo

i wanted to show you niggers to zoom out and that we're not even close to 2021 levels, but tethers mcap is literally at an all time high
how is this even fucking possible

>>56552660
that looks suspicious

>>56552340
qrd?

>>56552660
>>56552674
usdc for comparison kek

>>56552660
>>56552686
only reason for this would be big china money (but BTC price doesnt make sense then), or some major institutional usdt utility unrelated to the general crypto market

>>56552705
the only explanation is that USDT is just balance sheet token and the money is not there

>>56552705
could also be people not trusting usdc after silvergate or whatever banks failed, but nobody knows wtf is up with usdt collateral and how safe that is

>>56552711
I meant only "legit" reason kek

magic internet money propping up magic internet tokens

>>56552314
Taking a page out of the feds playbook

>>56552314
Bitcoin has 100x to go.

>>56552314
Yes, they're probably going to use it to poomp Bitcoin so they can print more Tether. They stopped doing this during the bear.
Saw a new article today about Tether claiming it must be safu because it's always regained peg, which is pretty stupid. But made a good point about the government killing all its competition, which has lead to it retaining dominance over the market.
https://omid-malekan.medium.com/the-funny-thing-about-tether-0f2dfdad60a1

Where did the 1B dollaroos go? The market isn't up!

>>56552674
It isn't.
People who hold stables are the suckers while Tether just uses the cash buying T-bills.

>>56554534
Ngl, pretty based.

>>56552314
>make 1 billion dollars appear out of nowhere
they have 80+ billion in short term treasuries which are cash equivalent
you can't fake treasury holdings, sissy boy

>>56552314
How mentally ill do you have to be to still post tether fud in 2023?

>>56552392
private banks do

>>56552326
proof?

>>56552660
Cash on side is huge rn

>>56552314
>print ze tethers and pahmp eet

>>56554879
THIS TIME
FOR REAL
BITFUCK IS GOING TO ZERO YOU FUCKING NERDS

>>56554534
CEO says this, CEO says, where audit by top firm, where debt, where assets
Truth is, top firms won't audit because they know they'll end crypto as we know it

>>56552314
It's a counterfeit digital dollar. Still bullish though.

>>56552314
It's all going into shorts

>>56552326
lol

>>56552660
memes aside you do understand tether is not backed by anything, right?
they can print as much as they want. they just have to pace it enough idiots don't freak out

>>56552660
Extreme many fags waiting on the sidelines
Bullish
>>56552674
>>56555690
>tether fud in 2023

>>56552323
> 5 billion every day

>>56552314
You are never gonna make it Jeet. Get the fuck up and bag some RIDE tokens

>>56552314
> Guys how can they just make 1 billion dollars appear out of nowhere

Talmudic magik

>>56552639
Calm down bitfinexed lmao. I'm sorry you sold your coins at $500 cause of the tether seeming shady and never bought back in. But you have to let it go now

>>56552314
How is this stupid fucking 1pbtid thread in the catalog for over 24 hrs this board is a fucking abortion

>>56559288
wow, what a surprise that the business forum populated by millennials and zoomers, generations with no access to wealth, is devoid of meaning

Where do you think all the covid money came from?. Treasury just created all that money outta the air. When you control the money creation computer you can do whatever the hell you want. Cause money is mostly digital bits anymore. Which by the same token means the whole "debt" thing is a joke to. Wanna get rid of the debt? Simply tell the computer to whip up 33 trillion extra. Poof debt gone. You say "they can't do that". Me? Why not. They control the computer. Money is whatever they tell the computer to spit out.

>>56552314
This is me preparing for the bullrun with my holoride investment