Episode #57: The Final Countdown!
Housekeeping:
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In the news:
What is Tether?
Back in 2012 J.R Willet created a layer on the BTC Blockchain and through a couple of renames tether was born. Tether is a digital dollar backed one-one to fiat, loans and affiliates. Tether is the most liquid cryptocurrency more liquid than BTC.
Banking Cartel of the world is not going to allow competition. Currently USDT is much bigger than USDC however is USDC chosen one? Are we in a free market?
Tether received 1/3rd of all minted tether back in 2020. Voyager, Celsius, BlockFi, Terra Luna, FTX all failed how much tether went down with those companies? Alameda took 90 percent of all tether and put it in FTX. FTX was also hacked for millions of ETH and getting sold back to the blockchain for WBTC.
Where's Gary? Hate to see crypto becoming political and looks like its the gov laundering money not the average citizen but lets see how they come after us for our protection.
Cardano-Ecosystem is getting built out! USDA and Midnight coming soon!
Digital Currency Group: Genesis, Gemini and Grayscale all fall under this umbrella. Let's take a look at whats happening here. Redemptions coming for Grayscale holders?
https://bitcoinist.com/what-a-reg-m-will-entail-for-genesis-and-bitcoin/
BTC miners are not being profitable and smaller ones will go out of business. Every Bear cycle this happens.
Bottom is almost here. Time to get some cash and wait...patience is a must! Otherwise DCA in.... its all good! Bank Money, Institutions are all coming to the Blockchain.
Bank of America will use ODL one XRP has clarity in the USA.....
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This content is being offered for your consideration only. Lean into the information shared here, and take what resonates. We each have our own way and we are not financial advisors.
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