Let's have a prediction thread here on gbatemp. My prediction is this...
Tether / Bitfinex was supposed to hand over documents for something like 8 charges the NYAG brought on them in 2020. The deadline was mid January so they did a document dump of 2.5 Million pages to attack / stall them and got extensions until mid February to provide other documents for the remaining charges. They may get another extension in mid February and they keep pumping bitcoin and ethereum with fake tether but I predict at some point after the deadline the crypto currency market collapses after they get shutdown.
Reasoning. The crypto market is highly leveraged garbage with estimates being 50x actually dollars invested and highly illiquid. Tether has a market cap of 25 billion at 50x leverage that is 1.25 trillion dollars in monopoly money. Market cap of all crypto currency is 1 trillion which means real dollar value of crypto is in the negative.
What are your predictions?
Tether / Bitfinex was supposed to hand over documents for something like 8 charges the NYAG brought on them in 2020. The deadline was mid January so they did a document dump of 2.5 Million pages to attack / stall them and got extensions until mid February to provide other documents for the remaining charges. They may get another extension in mid February and they keep pumping bitcoin and ethereum with fake tether but I predict at some point after the deadline the crypto currency market collapses after they get shutdown.
Reasoning. The crypto market is highly leveraged garbage with estimates being 50x actually dollars invested and highly illiquid. Tether has a market cap of 25 billion at 50x leverage that is 1.25 trillion dollars in monopoly money. Market cap of all crypto currency is 1 trillion which means real dollar value of crypto is in the negative.
What are your predictions?
Last edited by gbadl,