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He’s up over 2 billion. What a loser huh

when this is the response it’s hard to take anything else seriously. 2024 is going to be a tough year for you man. You should probably take that bitcoin price off your screen now.

Don’t you find it arrogant to know objectively bitcoin has outperformed every asset in the past but you “know” it will stop right now and it will now underperform going forward? Thats something.

how do you reconcile bitcoin outperforming essentially every asset over a 3+ year time frame?

2024 going to be a brutal year for the haters. Almost feel bad

I would add, however, and I cover quant ans factor investing professionally, a lot of the most popular factor funds are very water down versions of what someone like AQR would do. For example, look at MTUM, that is by far the biggest momentum fund, but it only rebalances its portfolio twice...

Nah read it again man. He is talking about the amount of bills they hold for tether. At least, that is how it reads You tell me what this means: “So I keep their treasuries, and they have a lot of treasuries. They're over $90 billion now” what does that mean to you?

Ok I see what you mean. He *could* be referring to tethers market cap with that comment, but I read it as that’s how much bills they hold at cantor. either way, the tether truthers say that they’ve held nothing at Canter this whole time, so that is obviously disproven.

what? He says they hold over 90 billion bills for tether at Canter and this is the Canter CEO. He literally says the amount

By the way tethers liabilities (a.k.a. outstanding supply of tether) looks to be about 91 billion. to be clear that means they are 100% backed by US treasury bills!!!! They have other assets in excess of the bills as well. How can you deny this at this point??

There is a conspiracy theory that the stablecoin tether is lying about the assets that back its stable coin. Some even say the “only” reason bitcoin has the value it does (800ish billion market cap currently) is because of tether and when tether is found to be unbacked then the whole crypto...

@RedDuke

I will give you the direct quote from Howard Lutnick the Canter Fitzgerald CEO and Wall Street veteran. Today on CNBC: "I'm a big fan of this stablecoin called Tether...I hold their treasuries. So I keep their treasuries, and they have a lot of treasuries. They're over $90 billion now, so I'm a...

Its not a physical thing ... it obvious doesn't have "industrial" uses

It’s weird they didn’t mention the triple digit annualized returns with a sharpe over 1 for over a decade. Weird.

reread my post Man. I am saying bitcoin is a life raft to protect their net worth not a medium of exchange to buy coffee. Wake up

valid concerns.

I realize this is 100% a set up but that’s fine I will play along. There are many reasons to fundamentally like bitcoin way too many to go into here but I’ll just give you the one that I think is by far the most obvious. most of the world has a bad money problem. Many people around the world...

I think that you think you are saying something smart by your greater full theory, but I can assure you it just shows that you have no knowledge of the space.

Coins held at IB at custodied in bankruptcy remote accounts at paxos trust company.