Bitcoin tops $44,000 since April 2022 as ETF optimism grows

Re:Bitcoin tops $44,000 since April 2022 as ETF optimism grows by drexlspivey on Wednesday December 06, 2023 @10:01AM (#38544701)

Tether is printing money, they make around $5B every year just by buying Treasuries, are you implying they are insolvent? Why? They make tons of money just by doing nothing

[ Parent | on HN ]

Re:Bitcoin tops $44,000 since April 2022 as ETF optimism grows by rspeele on Wednesday December 06, 2023 @10:52AM (#38545475)

With $90B in USD they could make ~$5B just by doing nothing. Although technically we don't know that they have $90B USD under management, other than them saying so. They have never been audited. All we know for certain is that they have printed $90B USDT.

[ Parent | on HN ]

Re:Bitcoin tops $44,000 since April 2022 as ETF optimism grows by kranke155 on Wednesday December 06, 2023 @02:36PM (#38548440)

Never been audited is an understatement.

They have dodged all regulation, been chased around and proven to be lying multiple times. Tether once said they had no association to Bitfinex, which was a plain lie. Its been lies all the way through.

There is literally no reason to trust Tether and multiple independent signals that the whole thing is not reliable.

[ Parent | on HN ]

Re:Bitcoin tops $44,000 since April 2022 as ETF optimism grows by kranke155 on Wednesday December 06, 2023 @10:39AM (#38545258)

This is the exact same thing people said about FTX.

“Why would they be insolvent if they can make 200mil a month legally?”

Turns out they were

[ Parent | on HN ]