Recently a Medium article came out skewering Bitcoin because of the existence of the Tether USDT stablecoin. Honestly this immediately sounded like recycled FUD from 2017/2018 but I took a deeper look and initially it seemed cogent and was definitely well written. But then after researching further and listening to the counter arguments and rebuttals, I immediately discounted most if not all of Crypto Anonymous’ arguments against Bitcoin and Tether.
Many of the charts, stats, investigations that he did were just off the mark and incorrect. In this video I will provide a point by point rebuttal of the entire Tether FUD article that has been making its ways around the crypto communities. I hope you give it a watch and definitely let me know if I missed any important points OR if you agree with me that the original article is just wrong and should be ignored. Also please SHARE this with your crypto friends and groups if you think this is USEFUL for them to watch as well!
Timestamps:
0:00 Intro
1:12 Summary of Tether article
5:43 Buy me a coffee?
6:11 Full Rebuttal beginning
6:22 Bitcoin rose NOT bc of Tether printing
7:52 Tether’s issuance is explainable
10:59 Tether, Bitfinex, and iFinex are old news
14:11 Offshore exchanges’ link with Tether
16:11 Kevin’s final thoughts
