US regulators sent subpoenas to Bitfinex and Tether, back on December 6th, and the news has shaken the crypto markets. Some people aren’t even slightly worried, while others are totally panicked. Let’s talk about Tether and the potential impact it might have on the markets. Because when it comes down to it, does Tether really matter at all? Let’s discuss.
Bloomberg article on Tether/Bitfinex Subpoena:
Nomics graphic from JP Morgan:
The difference between inflow and market cap and how it relates to Tethers.
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** This is not financial advice and these are simply my own opinions, as such, this should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do you own research.**