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Bain & Company A Business Analyst with 2+ years of experience. Looking for job opportunities abroad in Bain & Company. Skills include data research, analysis, visualization, writing PoVs, primary research (interview &surveys), market analysis etc.
Open to Canada, Australia, UK, Switz and flexible with other places too.
Please let me know if anyone can refer me! Would like to help you out in someway too :)
$ACUIF nuff said
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“I think it might crash further”🤪

Plz Fix. Thx.
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Tether is a scam. It's an open secret.
I've seen the "evidence"
There's one professor who said that tether prints preceding price rises in 2017 indicated that tether was creating unbacked USDT to pump the price
However, as demand increases for a scarce supply exchanges that use Tether to handle exchange transactions (many of them) trade USD for Tether.
So normally what occurs is
1. Demand rises
2. Exchange trades USD cash for USDT to handle increased transaction volume
3. Increased demand for a scarce supply of Bitcoin causes the price to rise
1 then 2 then 3 continuously as the price increases during a bulk run.
So the pattern of events that is expected to occur doesn't serve as evidence of anything. This is literally what always happens and proves nothing.
Are you thinking of this paper or something else?
Take with salt, little is known about the actual financials of tether
$50 bln sitting there generating interest from bonds yet they can hardly make any profit 😛
As an x-Tether developer I can tell you... Tether is a product idea more than any true "success" factor!
It's the shine of bitcoin + stability of $$ == usdt