i have never seen more collective bullishness on Bitcoin, probably in the last 7 years. Literally everyone is bullish on Bitcoin. What could possibly go wrong here.... This confirms my suspicions that the ponzi scheme is at it's very end and will soon collapse, probably in the next few months.
Well, but people say what you say also since years. Indeed, BTC would collapse - If it wouldn't be for it's scarcity. I calculate with a possible drawback to ~$40k, but not more.
Is that what you call a modern conspiracy theory??! Very few people are repeating their suspicioun tether being a fraud; but the evidence is not there. Or is it?
Stablecoins are now critically important to the survival of the US dollar. Its all over the damn internet if you listen in to some of the podcasts. Nobody is buying treasuries anymore, but these stablecoin issuers are soaking them up. There are many countries that need access to dollars and stablecoins allow anyone this access now who previously couldn't get access to it. Call me biased, but I think we are very much moving towards a system where Bitcoin is necessary to put a lid on the debt bomb, and stablecoins will help keep the USD relevant. The poor countries need stablecoin to protect from massive inflation, and the western world needs Bitcoin to protect from our own inflation. Of course in the long run, everyone will move to bitcoin, but for the next little while, the stablecoin will provide stability for much of the world. So saying all this, no matter how much you want it to fail, its not going to. Even if Bitcoin collapses in price, and the treasuries of these stablecoin issuers is somehow in peril, I'm sure the US government will bail them out because of how critical stablecoins will be to the system in the future.
respectfully disagree. First I do not want anything to fail. I want Tether fraud busted, and have crypto traded for either Fiat or stable coins that are indeed backed 1:1. Only then we will know what BTC real price is.
Ignorance is a bliss. Look how many people blindly bought and made millions on the fraud. Sometimes i wonder, how much longer can Tether last? Is it weeks? Is it months? Is it years? Ponzi schemes collapse once: 1.) government starts cracking down on them 2.) when they run out of new suckers The government has already started cracking on them. They've been banned in NY for years, Europe has banned them recently and the next ban is going to be in Hong Kong and probably many others. (NYAG specifically prohibited them from operating in New York, Europe and Hong Kong "bans" are because they will not be able to comply with the regulations) There are ongoing civil lawsuits alleging printing unbacked Tethers and pumping up the market, there is tetheredtocorruption.com campaign working against Tether and the US treasury specifically requested for new rules so "they can go after stablecoins that claim to be dollar-backed, but escape US regulations". I also think we are slowly running out of new suckers while they distribute in the $70K range.. I mean who else could be even a bigger deal trying to pump the market other than Trump? There is no bigger endorsement.... And the democrats now also have an incentive to take action, speed up the process and bring down some of the fraud since Trump has aligned themself with crypto.