That would be the end result. That novogratz convo under his Merlin username talked about bitcoin tanking to 1K if they couldn’t get enough of an advance to keep the tether investors paid up. It’s not a joke. LEO token is like a stay of execution if they can’t get the case tossed.
CRYPTO is OVER
Robert Morgan
Gabriel Johnson
Smart money is all in BSV.
Jaxson Martinez
Tether is fine. Funds are safu
Leo Campbell
Fucking idiot merlin is giancarlo
Elijah Hall
It's like 75% solvent. At worst 60% now. Highly fractional but surprisingly solvent given how many of us thought 10% backing was optimistic. The story looks better if you think being backed by exchange debt is reasonable or think that unbanked tether will still function.
Blake Myers
dont forget td ameritrade just started on futures too. ledger x just got approved
Lincoln Nguyen
Who cares. Point remains the same. Tether tanks = bitcoin tanks. Just means I’ll buy up more on the cheap while normies are focusing on libra and NFL games.