The more i research the more i want to get out.
Sorry this will be a bit of a rant and nothing more.
Please read attached articles first.
Ask yourself why,๐ค
Why are the Ethereum ETFs suddenly going to be approved for trading in the next week?
Does Biden need Gensler to give him an urgent "Pro crypto" victory after the assassination attemp on Trump?
Trump speaking at BTC conference next weekend, Biden tells Gensler to approve Ethereum ETF?
Why did USDT print $1 Billion new tokens yesterday?
USDT are a law onto themselves, they say sometimes they burn redeemed tokens, sometimes they hold them in the treasury reserves.
We allow this sh1t, very few question this.
So USDT dont burn all tokens when people redeem them, they hold them in the "treasury reserve" so why the need to mint $1 Billion more?
*Burning means sending them(tokens) to a wallet address that nobody has access to, a dead wallet, they are gone,out of circulation, the treasury reserves are wallets that USDT can access if they need more tokens*
Was there any press release from USDT, was there any proof they have purchased reserves to cover this 1-1?
Is this now play money? Has crypto become so sick and manipulated that companies can just print $1 Billion and nobody cares?
If the largest stable coin can just mint $1 Billion like its nothing, just imagine what is happening in "smaller" $100 million crypto projects.
I am really starting to hate this sh1t, we are being played for fools.
Politicians, VCs and funds are just using us in their larger game.
Crypto traders are going to fomo in now and in 1-2 weeks it will be all tears again, this will go on until the real crash actually comes.
Fear and greed has gone from 25-65 in 2 days, why?
Did anything major happen for crypto in the last 2 days, Trump was already BIG favorite, Ethereum ETFs were already going to be approved, at some point.
They control the narrative, this is becoming manipulated on a sickening level.
Stop being a sheep.
Trade safely, its rigged against you.
Peace.
