They were upfront honest that their public funds will not mimic Medalion. Still people were fighting to give them money because of their name. Not surprising how it played out so far.
Any past bubble in human history was fuelled with real money, this time around it is differed indeed, Bitfinex just prints tethers out of thin air to keep it going when it slows. Very interesting how it will play out.
this has nothing to do with the fed, well little perhaps. Cryptos have their own fed, BitFinex with its tethers. Tethers literally being printed out of thin air and used to purchased BTC, pushing it higher and higher.
I meant us debating merit of tether.
I am fully automated algo trader. I only trade things I can understand and measure. BTC is not one of them and too risky.
The only way to know BTC real worth is to allow it to be traded in fiat only. Just like any other product on the face of our planet.
stable coins that are audited by reputable firms are fine as well of course.
I expect BTC to be below 10K once Tether explodes.