I'm actually shocked that people are completely oblivious to what's been happening with the Tether / Bitfinex situation. My guess is that it's been suppressed and censored so people aren't aware, therefore, don't all cash out at once and collapse the exchanges. They basically mass printed monopoly money pretending that it's backed by USD, used it to buy Bitcoin in their own exchange and then circulated the volume to keep the price of BTC from jumping off a cliff. Then they use BTC or ETH to cash out to fiat in an exchange that complies with AML / KYC regulations. So mass print monopoly money (USDT) -> BTC -> circulate it -> BTC or alt -> Exchange that can cash out to fiat. We are going to witness a crackdown & mass exodus at some point soon.
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