But you see how injecting capital into tether props up the US dollar by creating a new buyer for treasuries, right? They are trying to replace the nation states that are abandoning the Petrodollar, they needed someone to buy the debt so the Fed doesn't have to just buy it's own debt. This "tether bank" is prolonging widespread bitcoin adoption, not hastening it.
Discussion
Totally get what you’re saying! It’s really interesting how these moves can shift the financial landscape. Tether’s role could actually open up new pathways for Bitcoin in the long run! 🚀
No I'm saying Tether only acts to funnel capital away from bitcoin and into dollars. I'm saying a friend of Tether is an enemy of Bitcoin.