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RE: Tether-USD fraud, or everything’s ok! 👌
2.3 billion or so USD are needs to cover tether positions. The larger question is whether or not bitcoin's price has been inflated due to the tether "safe zone" how could bitfinex ever be able to cover tether cash outs to fiat in a falling market. We are at a tipping point where things will return to "normal" haha
OR
tether is insolvent and a classic "bank run" begins as people scramble to recover their money before tether confidence reaches zero
Fraud it is.. BTC ->> $5000 lol stil a lot of money. Nobody should cry (unless they bought at $18,000) but I'm sorry that's just dumb.
Why btc 5000? Why btc 18000? With all the new tech and purpose driven tokens on the market today btc should be worth very little as it has very little to offer.
A store of value with the idea that it is a "Legacy Coin" is the only use i can think of. A souvenir of the moment our financial paradigm began to shift.
In the end, its what the market will bear, if the demand for BTC is high enough then the price will continue to rise. We are past the point where there is enough BTC for everyone to have 1. If a true adoption curve takes place and BTC stays relevant then 18000+ even a million dollars a coin is understandable. All of this is a moot point unless BTC can stay relevant or end up like fidget spinners or.... dialup.