FUD.
Bitcoin will go to a million dollars. Tether is fiiine and Bitfinex is a good company. They say tether holds some junk China bonds, so what? China already bailed out half of Evergrande. They haven't rescued the other half yet, but maybe they will later.
Tether also made it clear that they don't hold any Evergrande bonds.
If they get in trouble, they'll just print more tethers and bail the failing part of their problems.
I wouldn't be surprised if tether's marketcap hits above 100 billion next year and drive bitcoin to $100k.
Buckle up.
Bitcoin will go to a million dollars. Tether is fiiine and Bitfinex is a good company. They say tether holds some junk China bonds, so what? China already bailed out half of Evergrande. They haven't rescued the other half yet, but maybe they will later.
Tether also made it clear that they don't hold any Evergrande bonds.
If they get in trouble, they'll just print more tethers and bail the failing part of their problems.
I wouldn't be surprised if tether's marketcap hits above 100 billion next year and drive bitcoin to $100k.
Buckle up.
Well, I think it's a little odd Bittrex is printing new USDT like there's no tomorrow. It could be nothing more than a move to manipulate the market to its own benefit. Unless Tether is really backed by USD reserves, I would take it with a grain of salt. You can never trust a centralized stablecoin subject to fraud, manipulation, and corruption. Trusting Tether is no different than trusting banks. I've seen cases where USDT funds where frozen (blacklisted) on the ETH blockchain. This greatly goes against what crypto was established in the first place. If this keeps up, Tether could go all the way to zero soon. I don't want to be pessimistic, but the facts speak for themselves. How long will Tether last is a mystery. I won't be surprised if the crypto market goes all the way down the drain after Tether's demise. Just my thoughts
