Tether few months back had admitted in court filling that it only has USD reserves to cover around 75% of usdt. In the months that have followed, tether printer is working overtime, printing more than $1.5 billion in USDT.Meanwhile Bitcoin has seen random (?) Pumps breaking $11000. Like clockwork the crypto space is back to posting hodl memes.Do you guys think we are due for a crash in coming months ? According to me The cycle of late 2017 is repeating before us.A theory I have is that, once btc starts crashing, people will move to usdt, which might be the reason someone is pumping it. A word of caution from me, don't hodl usdt in coming months, there are enough stable coins right now. If usdt is shut down by the government, you are essentially holding useless tokens.
Submitted June 24, 2019 at 10:14PM
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