Crypto Critics' Corner Tether wins, Skeptics lose: the end of an era
Nov 26, 2024
Tether's unexpected resilience takes center stage as the hosts dissect its survival amid skepticism and legal hurdles. They delve into the political landscape, speculating on the ramifications of future leadership changes. The conversation critiques the uneven enforcement of regulations and the public's acceptance of dubious ethics from leaders. Additionally, they explore the broader impact of fraud on trust in institutions, all while hinting at cryptocurrency's potential as a guiding light in these challenging times.
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Cantor Fitzgerald and Tether
- Cantor Fitzgerald, led by Howard Lutnick, holds most of Tether's known assets.
- Lutnick's controversial past actions and support for Tether raise concerns.
Tether's Future
- Tether's likely future involves unmitigated growth, potentially reaching $150-200 billion.
- Even with future anti-corruption efforts, Tether's size may make substantial limitations difficult.
Tether and the Dollar
- Cas Piancey believes Tether's existence weakens the dollar's power.
- It allows countries access to the dollar that the U.S. may not want to have access.