I was set up; if I had known earlier, everyone would have sold their U and bought gold.
易理华JackYi-Liquid Capital
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Companies like Tether and Binance operate as industry siphons, earning billions of dollars in profits each year, successfully growing wildly in the early days of the cryptocurrency market without needing compliance. Tether, as a non-compliant stablecoin company, earns significant profits in the crypto space while aggressively purchasing gold with those profits. From an investment perspective, it is successful, but from an industry development and respect perspective, it is a failure. In contrast, compliant stablecoins like USD1 distribute profits to users through WLFI subsidies while continually acquiring industry assets like ETH, which is true industry building. I hope that if CZ genuinely believes in the super cycle and if the leading figure believes in the arrival of the Bitcoin era, they should use part of Binance's profits to buy BTC/ETH, which would truly align words and actions, genuinely keep building, and earn more respect. Of course, I also hope other platforms follow suit; only an industry bull market can create a better environment for everyone, while those big short-sellers are the real tumors of the industry.
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