Short Sellers Bet Tether, Crypto’s Central Bank, Is Vulnerable to a Run

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Hedge funds are betting against a cryptocurrency whose price shouldn’t move. Tether says the short sellers are part of a 'clever scheme to raise capital from those less knowledgeable.'

Tether says it has conservative investments, while hedge funds question how much risk lies in the $82 billion investment portfolio that backs the currencyShort sellers are betting against a cryptocurrency whose price shouldn’t move.

A few investment firms, including Fir Tree Partners and Viceroy Research LLC, have placed substantial bets in recent months that the price of tether will fall, according to people familiar with the matter. Tether is the most popular currency for trading bitcoin and is supposed to have a fixed value pegged to the U.S. dollar.

 

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Bro your fiat isn’t backed by that much shit tether is backed by.

Lol. Tether is a scam currency based on a fake failed fiat and this is a scam in top... Hahaha. Buy and hold BTC only. It may go down at times, that's fine. It is a real currency. Unlike anything that has come before.

Those less knowledgeable? Pl explain... Evergrande?

World Peace hinges on Independent Sovereignty, the self-determination of national peoples, for that each nation needs its own currency, cryptocurrency is a global scheme, and not sovereign, it is a parasite draining the lifeblood of legitimate entities.

'Clever scheme to raise capital from those less knowledgeable.'😂😂😂🤣 CryptoDystopia gets satirical. They really said that or is this The Onion?

Cryptocurrency is a direct threat to world peace: a sovereign currency ties domestic law to national wealth, that is how modern law affords civil rights, cryptocurrency is a way around that, it is stealing the means each nation needs to provide for their people.

All crypto is unstable. Hedge funds fleecing sheep ftw

China will destroy Russia first, because China doesn’t have ability for interfering Russia, which has resisted and waged war. Russia's strategy is right, has been half won, rest is eliminating Brain-Control and advancing technology. There is no trade in the world.

They can’t do a run on the bank if they won’t honor a withdrawal request. Classic scam.

Is this the crypto equivalent of fighting the Fed

Wow long Article

RealWillyBot they are right, but early. Waay too early imo.

insiliconot

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