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/biz/ - Business & Finance

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28999552 No.28999552 [Reply] [Original]

They dont have the liquidity to support their massive printing do they?

Whats keeping this alive?

>> No.29000406

>>28999552
the only thing keeping this alive is that we haven't had the crypto equivalent of a bank run....yet.

>> No.29001075
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29001075

>>29000406
what are you implying

>> No.29001219

>>28999552
it just werks

>> No.29001395

>>28999552
>print $1,000,000 tether
>buy $900,000 BTC, pocket $100,000
>Bitcoin price goes up, BTC now $1.08 mil
>tether backed by assets equal to tether

>> No.29001609

>>29001395
isnt this problematic in a correction

>> No.29002032
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29002032

>>29001609
What do you think.

>> No.29002058

>>29001609
If there is a correction. If bitcoin price continues to rise, no problems. Many other things in the economy are like this. For example, housing. The federal reserve buys $40billion in mortgage backed securities every month, turning them into a super landlord. As long as every house goes up in value quickly, and people can constantly buy property like hermit crabs with the expectation of always making a profit, no problem. The govt knows this, and takes action to buoy the market, like ensuring inflation. These same actions which prevent corrections in other markets, inadvertently inflate bitcoin value as well.

The music stops suddenly, and everyone without a chair is hurt. But it seems like every action will be taken to ensure the populace keeps dancing.

>> No.29002174

>>29001395
Zimbabwe on the phone, its'' for you

>> No.29002543

>>28999552
More truthful and better than the FED, and that's all it needs to be.

>> No.29002611

>>28999552
How dumb are you tether guys. The fucking people with billions of dollars are approaching them and giving either collateral or cash. HURRR DURRR MADE UP MONEY HURRRR

>> No.29003025

>>29002611
>billions of dollars
ok but is it 33 Billion bro?
not even robinhood can raise that much with hedgefunds and trying to IPO. Theyre getting met at 20B.

bitcoin billionaires have already created their own stable coins like gusd or usdc