Complete showdown:
Tether holds 87,000 Bitcoins, this time they're really going big!
News confirmed! They really hold 87,296 Bitcoins!
Based on a price of $104,000 per coin, this wave of BTC is worth $9.09 billion, accounting for 5.6% of Tether's total reserves, almost double compared to the same period last year!
The reason this has caused such a stir is because:
S&P just downgraded the stability rating of USDT reserves to "weak", specifically criticizing "too much Bitcoin, too thin a buffer"
Big shot Jason Calacanis publicly urged: Sell everything and switch to US Treasuries!
Tether CEO directly responded: 15% of our earnings are still being used to buy BTC, whatever!
Now the entire market is watching:
Either BTC continues to rise, Tether becomes the most hardcore Bitcoin whale, and USDT faith rises to a new level;
Or one day the coin price halves, a redemption wave hits, will the nightmare of 2022 repeat?
Honestly, holding $9 billion worth of Bitcoin as reserves, this operation is not bold, it's truly insane!
Do you think Tether is stockpiling nuclear bombs, or laying mines for themselves?
The comment section is open for battle, I’m bearish, I’m bullish, whatever, come on!
