The article talking about Tether:
"don’t be surprised when the Federal Reserve comes to its rescue."
This is completely delusional. As if the Fed is going to hold Tether on its balance sheet to stabilize the price in some crisis event? The lack of correlation with the broader markets is because of all these crypto Three-card Monte games happening that make the space seem much larger than it is. "500 billion" gets shaved off the "market cap" and the broader markets don't even notice.
This is completely delusional. As if the Fed is going to hold Tether on its balance sheet to stabilize the price in some crisis event? The lack of correlation with the broader markets is because of all these crypto Three-card Monte games happening that make the space seem much larger than it is. "500 billion" gets shaved off the "market cap" and the broader markets don't even notice.