πππππ ππ πππ πππππππππ πππππππβββ
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.
In this video, I discuss:
1) How Tether makes money for its issuer
2) Whether Tether is responsible for Bitcoin pumps
3) Whether Bitcoin will crash if Tether fails.
Tether invests its reserves mostly in T-bills (as far as we can tell), and probably earns north of $3 billion per year from the interest income that these bills throw off.
As such, it makes it more unlikely that Tether would risk committing fraud and killing its golden goose in the process.
If USDT were to fail, there is a good chance that BTC actually rallies as people exit USDT into BTC.
It's the central bank money printers that have a much greater impact on BTC than the Tether money printers.
Bitcoin is the apex predator of money, and it will eventually absorb all monetary energy from everywhere, including all fiat and stablecoins.
There's nothing stable about "stablecoins." They are backed by a melting ice cube, which is fiat. And they have massive counter-party risk and can blow up overnight like UST did.
Bitcoin is the real stablecoin. Its price is volatile, but the Bitcoin network is incredibly stable, robust, and anti-fragile. It is truly stable money, unlike USDT, USDC, or USD.
Not investment advice! Consult a financial advisor.
Tether:
https://en.wikipedia.org/wiki/Tether_(cryptocurrency)
US Treasury rates:
https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value_month=202301
Amount of Tether:
https://tether.to/en/transparency/
Tether reserves breakdown:
https://tether.to/en/transparency/#reports
Circle and USDC:
https://www.circle.com/en/
WEF and Davos love Circle:
https://www.circle.com/davos
US M2 money supply growth:
https://fred.stlouisfed.org/series/WM2NS
I am not being paid or otherwise compensated by any company or cryptocurren..
