On 10/14/23, pro2rat@yahoo.com.au
There's no news like bad news
" . . . on-chain data reveals that Alameda Research minted 39.55 billion USDT tokens.
This figure represents 47% of the current circulating supply of Tether.
https://cryptopotato.com/alameda-research-minted-over-39b-usdt-accounting-fo...
Price is set on the margin. So the whole Stables propping crypto meme is nonsense, that trade has already moved the price as it is set on the margin. In reality, Stables and CBDCs are nothing but a profiteering middlemans manufactured unnecessary route for Fiat, and ultimately all value, converting onwards into holding and using sound cryptos. If you spent them on real crypto, great. If you let someone buy real crypto from you with them, you're a fool. If you issued that garbage to swap for whatever you're a fraud. And if you're still holding them today, you'll meet the same fate as the Fiat, Treasuries, violence, and whatever other shit they're backed by including nothing but air... zero. And as that realization sets in, there will be yet another great wave of price setting at the margin as everyone panic dumps those Fiat equivalents for yet more sound crypto. Long Term = Everything / Sound Crypto Denominator That's it, that's the price, period, the end.