this post was submitted on 03 Feb 2024
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Skip ad. Bitcoin is pumped through ridiculous leverage and printing of "stable" coins like tether. The scam hasn't unraveled yet, but that doesn't mean it won't.
Do you know that tether is printed and used to buy bitcoin? Because it seems like you don't.
??? How is USD being pumped by USDT/USDC? I'm lost, lol.
Do you genuinely believe the impact of Tether buying Bitcoin on Bitcoins price is comparable to the impact of Tether buying USD to USD "price"/value? Like fr?
My mistake, I was thinking about the current supply. Brain fart.
It's the same with ADA. 1 ADA is the same percentage of the total supply 5 years ago or now.
People defending Binance and Tether are either:
Which one are you?
I just wish it collapsed sooner. At this point the effect on the whole crypto sector, be it BTC, ETH or ADA will be unimaginable for most people.