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RE: Crypto Bear Market Continues - What's Next ?
The tether situation is scary.
That tether printing press has been pumping around the clock. I heard someone say 20% of what’s in the total crypto market cap is imaginary tether. Uh oh.
And I was silly to think once the futures date passed we’d be heading bank up strong.
Ugh.
Well, Tether (USDT) market cap is 2.2B, total crypto market cap is 510B, So Tether is only 0.4% of crypto market even if they fail. The real problem is with the US government in my opinion. Crypto gets more than enough bad publicity, so I hope this time they come through.
Absolutely. How about them going after exchanges that did business with Tether.
I’m not so sure they have the actual 2 billion in US fiat to back it up. The recent auditor was let go. So we’re just going on their word.
Hmmmmm
Yes, if they go after the exchanges - that will be very baaaad for us! I hope they don't do, although that sound like a good conspiracy theory ! Scary just to think of it.