SkrillaKing: THIS PROBLEM Could Cause a Crypto Recession
Today we will be looking at the correlation between Tether's (USDT) market cap and Bitcoin's price action. In the past there have been obvious connections made between Tether (USDT) printing more units and a sharp change in Bitcoins' (BTC) price. Typically there's a slight delay any time this has occured, but it seems it is beyond coincidence at this point.
Tether could be operating a fully unregulated fractional reserve with no real audit to legitimize themselves. They've modified their original "FIAT reserves" to include cryptocurrency holdings and the recent bitfinex scandal that's being handled in US court reeks of foul play with Tether and Bitfinex executives. Not to mention this audio recording we're going to dive into for part 2 of analyzing the Bitfinex Tether allegations and the insane correlation to Bitcoin's price. So stay tuned.
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