1. Idk if you are following the news lately, but the US government is coming after Tether. The head of the SEC has been on a public road show for the past couple of months saying "WE ARE COMING". That's why Binance and other exhcanges are trying their hardest to clean up their act by taking away leverage and cutting off lots of countries. The music is slowing down and people on the inside know it. The Coinbase CEO is basically crying on Twitter every week now bc he knows what's coming. The US government works very, very slow..tons of bureaucracy. Once they get you in their cross hairs, then you are in for a world of pain.
2. One of the main reasons the US government is coming now is precisely because their balance sheet is $70 billion. Tether failing now might spill over into other financial markets, so they want to stop this before the bubble gets even bigger.
3. Bitfinix can do nothing once Tether goes down because people will lose confidence in Tether. Once confidence is gone then you can print all you want, it won't matter if nobody will touch it.
If they had any brains, they wouldn't let tether grow in the first place. *This is all organized*. I was nuts last year when tether marketcap hit $9b and now it is nearly x8 of this. They should have stopped it way earlier. It already became too big and if they close tether now, the pain will be huge. People will riot and burn cities. They can't risk this.
If they do it anyway, which means *This is all organized*. They wanted it to happen. They want to do it on purpose. By they, I mean the SEC.
Was tether small when its marketcap was $9b? No. $9b is still huge money but the SEC let it grow to $70b. And I think, they won't do crap till it hits $100b+ or probably never.
4. I'm actually replying to you because you seem like a real person...most of the other reply's look like "copy/paste" jobs (I wonder by whom?). I'm a believer in crypto long term, but the sooner this gets cleaned up the better. The technology is too good to have bozos like Tether and Bitfinix associated with it.
I wish I was AI, life would be way easier.