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/biz/ - Business & Finance

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56863928 No.56863928 [Reply] [Original]

>Tether is earning a massive yield on their 89 billion US Treasuries
>They're using that money to buy Bitcoin
>tfw am*rimutts are forced to pump Bitcoin wether they like it or not

>> No.56863952
File: 151 KB, 498x498, fe32.png [View same] [iqdb] [saucenao] [google]
56863952

>>56863928
Pretty based thats right
The eu is almost as bad tho

>> No.56863975

>>56863928
Based burger banking finally pumping our bitcoin

>> No.56864094

>>56863928
tether is using the resources of the massive crypto market to drain the us of all its cash funneling it straight into a hard asset like bitcoin while the us prints and devalues their currency even more. genius move, if you think about it

>> No.56864164
File: 1.63 MB, 2864x1272, Screenshot 2023-12-04 at 18.25.14.png [View same] [iqdb] [saucenao] [google]
56864164

>>56864094
kind of explains why US authorities are seething non stop about Tether despite them cooperating with the US department of justice a lot

>> No.56864327

Remember am*rimutts, your taxes are going to pay the ever increasing interest rates payments (a trillion a year right now), a few billion of that money being used by Tether to pump Bitcoin.

Your tax dollars funded this rally

>> No.56864349

>>56864094
This is why ETF will get rejected again. The question is where is the bottom.

>> No.56864364

>>56863928
Based Tether.

>> No.56864423
File: 222 KB, 1752x447, 1.png [View same] [iqdb] [saucenao] [google]
56864423

>>56864349
> bottom
Pic related is from before last run. Maybe he was just 1 cycle early with his assessment

>> No.56864442

>>56863928
Or the US government is pumping the market

>> No.56864908

>>56864423
Well by bottom I mean, correction on ETF rejected news, and ETF approval may be sell the news event anyway.

>> No.56864934

>>56864423
Just thought about that post recently

>> No.56865367

>>56863928
Tether holds no treasuries, it's completely unbacked.

>> No.56865395

>>56863928
You idiots just can't believe that your marktet can be controlled by the governmetn. Will it is dude this backstory is just that.

>> No.56865462

>>56863928
At 5% that is only 4.4billion a year. That will hardly pump btc. What pumps Btc is tether printing billions out of nowhere