The co-chief investment officer of one the cryptocurrency industry’s largest investment firms said that he expects the next bitcoin bull run to carry the cryptocurrency market cap 1,000 percent above its current valuation
Guys, I've been telling you that if Tether (USDT-USD) were to collapse, it could bring a Bitcoin (BTC-USD)(COIN)(OTCQX:GBTC) Black Friday. Well, it looks like this is happening right now, so I want to explain what's happening. First, Tether adds liquidity to the market, but it's based on a lie. They're supposed to have $2.5 billion in the bank, but do they? These funds are how they control the price of Tether, keeping it pegged to the US dollar. In other words, Tether should always be worth $1.00. But, that is no longer the case.