Subnostr

Why man?

US fed is offloading their debt burden on you via USDT.

Ludlow also said that explicitly in one of the conference's last month, in fact boasted that they were offloading us treasury on the "third world" via USDT.

Bitcoin is propped up by these USDT pumps, and you can correlate an inflow of USDT supply and a rally in BTC (especially when it drops to a certain level).

In other words it's just an illusion, an mechanism used to keep the BTC price at unreasonable levels and to manipulate the price action.

You can see it clearly when you correlate USDT new supply to BTC price action

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Discussion

𝕞ptf 8mo ago

If you hold USDT you are a moron. It's like a CBDC.

S!ayer 8mo ago

I think everyone holds it at some stage it's the third by market cap and it's all treasury bonds

𝕞ptf 8mo ago

I've never had use case for it. U?

S!ayer 8mo ago

I used to sell into USDT and sometimes held it in yielding fixed deposits (savings) but that was in up until last year October/November when I realised what was going on here, also that Lutnik became the US commerce secretary and he is on the board of Tether and was the CEO of Cantor Fitz

𝕞ptf 8mo ago

I just stack sats and stay humble.