Fixedcoin issuer Tether (USDT) currently holds at least $2.82 billion worth of BTC as it continues to rapidly accrue the king of the crypto market, Bitcoin (BTC). Ki Young Ju, founder and CEO of on-chain market intelligence platform CryptoQuant According to , Tether currently holds at least 66,400 BTC. “Tether disclosed in its recently published quarterly report that it holds approximately $1.6 billion worth of BTC. Tether's amount of BTC holdings puts it roughly 11th in terms of holdings. If you look at the 'Tether BTC holding wallet', it does not match the description in Tether's quarterly report. While there was no Bitcoin presence in the 4th quarter report of 2022, the wallet started to accumulate BTC. So Tether has plenty of Bitcoin. But that's probably not Tether's only Bitcoin wallet.”Tether Continues to Increase Its Investment in BitcoinAn accompanying post from CryptoQuant noted that Tether held just $1.6 billion worth of BTC in August, the largest crypto asset in the market. appeared. At the time, this made Tether the 11th largest asset holding BTC in the world. In early January, a wallet believed to belong to Tether was revealed to be sitting with $1.33 worth of BTC profits, making it the 10th largest asset in terms of holding BTC. Bloomberg reported Tether's intention to buy flagship digital assets in November, noting at the time that the fixedcoin issuer was aiming to invest $500 million in the crypto king over the next six months. Tether executive Paolo Ardoino said at the time that Tether would be operating in South America He said that he is committed to building BTC mining facilities in .

JPMorgan CEO Jamie Dimon, a long-time Bitcoin skeptic, roars again at the World Economic Forum, calling Bitcoin his “pet rock.” In the CNBC Squawk Box interview in Davos, Switzerland, Dimon argues that BTC has no real use other than illegal purposes. However, Dimon agrees that blockchain technology is important. “Blockchain is real. It's a technology. We are using. It will speed up the flow of money and data, efficiently. We've been discussing this for 12 years and it's still a very small area. Maybe we talked too much about this. There are two separate categories of cryptocurrencies. There are cryptocurrencies that may have a real function. Imagine a cryptocurrency built into a smart contract, we could use it to buy and sell real estate or transfer data, that could make sense. It's like tokenizing something you've done. Then there are those who are useless. I call it pet rock, Bitcoin or similar. I'm not kidding about Bitcoin, it has uses: money laundering, fraud, tax evasion, prostitution trade. These are real usage areas. We see that perhaps 50 to 100 billion dollars are used for this purpose annually. This is its main usage area. Everything else is just trading between people.” Bigger Money Laundering Tool Than Bitcoin: US DollarCNBC presenter reminds that the US dollar has been used in much more money laundering than Bitcoin throughout its history. Crypto research firm Chainalysis found in 2022 that 5% of global gross domestic product is laundered with fiat money each year, but only 0.05% of all cryptocurrency transactions are related to money laundering.Dimon about Bitcoin again He says he doesn't want to talk and believes people have the right to trade in digital assets, despite his repeated criticism.“I say my last words about Bitcoin, this is the end. I defend your rights. I think it's okay. I don't want to tell you what to do. My personal advice is don't get involved, but I don't want to tell anyone what to do. It's a free country.” He also said, when asked what he thought about BlackRock and other major financial institutions recently launching spot BTC ETFs, “I don't care. Please stop talking about this.”#Kriptocutrader #bitcoin #BitcoinETFs #kriptoup #Crypto