Why is everyone talking about “shorting tether”? It’s been a rough year for crypto. And in this chaos.. There’s a massive bet happening under our noses… one that could profit off the total collapse of crypto… Shorting Tether… The world’s largest stablecoin.
Hedge funds are betting hundreds of millions that Tether will lose its peg… Crashing completely. That might have something to do with the fact that just a few months ago, investors watched another Stablecoin, UST, do just that. Many investors think Tether is next in a long line of failed stablecoins.
There have been persistent questions about who owns the company behind the coin, and whether the business actually has the assets it claims to own. The assets that are supposed to back the coin.
With all that, shorting Tether, meaning betting that it will fall, may seem like a good bet.
But hold on… because Tether is a very different digital currency than the fallen UST, and, for better or worse, Tether plays a critical role in the crypto space.
DISCLAIMER: Please be advised that nothing in this video shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor. All personal opinion is intended for general information purposes only
We get the feeling now there are powerful forces at work that really don't want crypto defi to succeed and can and will do whatever it takes to crush it!
