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The Profitability and Niche of Tether
Tether operates by effectively creating an interest rate on dollars stored in a bank account, generating significant free cash flow. Its profit margin per employee exceeds that of traditional banks, which is attributed to its ability to utilize the US banking system for its operations. The speaker questions why banks do not emulate Tether's business model, noting that if large banks were to offer a similar product, Tether's niche would diminish significantly.
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
As 2023 nears its end, the crypto community is abuzz with speculation: will the relentless crypto winter give way in 2024? Crypto OG Arthur Hayes is confident that crypto is on an upswing. According to Hayes, these market cycles are historically recurrent, indicating a potential bull run in the near future.
In this episode, Hayes offers his insights on a range of compelling topics, from what he believes will be a resurgence of central bank money printing between 2024 and 2027 to the effect spot Bitcoin ETFs will have on crypto markets.
He also shares his views on the post-FTX blockchain landscape, the dynamics of Ethereum and memecoins, and why he thinks Tether won’t last.
Show highlights:
Macroeconomics
Bitcoin ETFs and markets
SBF and FTX
CZ and Binance
For more detail and links visit Unchained!
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