/biz/ - Business & Finance

I thought the tether conclusion was bullish at first but we haven't recovered since then and a second reading of what happened actually makes me pretty bearish

>18.5 mil penalty ok who cares
>banned from the financial capital of the world, cant be used by major exchanges, or funds such as grayscale
>NYAG gave the highest penalty possible for a commodity or asset statewide (total ban)
>DoJ investigation running concurrently with NYAG now has precedence for nationwide ban due to NY ruling
>transparency mandate for the next 2 years - they cant print tether unless they can absolutely show its backed
>13% of tether was backed in 2017 when the marketcap was 4 bill - in 2021 its probably a fraction

shits actually looking really bearish. Im not surprised the price tanked literally the day they were ordered to stop printing. With organic money only in play the best we can hope for is a crab until the 2 year mark ends and tether goes back to BRRRRRRRRRR

>>29538898
We can smell it from very very very far away.

>>28944788
That's right. Our market now.

>>28917963
Patience, my young bobowan.

>>28793060
The bear has left its cave forever.

Not so fast.

>>28595487
We warned you.

>>28351609
I feel to also, Bobro.

>>27841241
The bear has left its cave forever.

>>26033421
Patience, my young bobowan.

https://youtu.be/b7s_yl1r0GM

https://youtu.be/2uy8i1nM3aE?t=4