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Tether's Troubles in November 2022

kalzumeus.com

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Re: Tether's Troubles in November 2022

#2
This will be the true extinction level event for this era of crypto. I now fully expect it to happen on this bear cycle. It will be interesting to watch - potentially the FTX investigation coming off the bankruptcy will set loose enough threads we will learn the truth.

Re: Tether's Troubles in November 2022

#10
post #7

I'm a huge crypto bear, but the Fed Balance sheet is still way to big for the entire space to go to zero. Where would all the money go? SPX X 2, hyperinflation? https://www.federalreserve.gov/monetarypolicy/bst_recenttren...

Crypto isn’t money. The money has already changed hands when people speculated on the tokens. If anything, wiping crypto off the books will be deflationary to real currencies.
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