You only lost 8% to inflation! Best crypto investment of the last 12 months, hands down. Hell, you outperformed the tech stocks too. Until Tether finally and inevitably collapse. But that is still about 10 months away. Until that it is still safe heaven...
USDT isn't looking very promising right now https://www.fastcompany.com/90809135/ftx-crisis-tether-depeg-crypto-collapse
I don't know, but could be as simple as Paolo's printer running out of ink. But seriously, something only tangentially related could bring it down.
I guess I have to bring him back from my Ignore list. If he is shorting it he is a real trader, as compared to Baron, who is a crypto investor and believer. By the way this thread was made with tongue in cheek, if it wasn't clear.
Do you believe that the backing doesn't exist? I never noticed the tether gang talking absurd stuff like SBF and girlfriend did. I am genuinely curious, the value was 20bn a couple of years ago, now it's about 60bn... An audit is due, could that be a trigger or the confirmation of reserve backing?