Here is MY opinion:
Things that speak for it are these: For one we have the U.S. Justice Department who launched a criminal probe into Bitcoin price manipulation and on the other hand the University of Texas that proved in a over 60 pages study that Tether was manipulating Bitcoin in 2017 and caused the massive bull run which means it's official and no conspiracy theory anymore.
But are there even reasons that speak against a crackdown?
Yes. I tend to believe that there is much more behind the Tether network than we all believe. It's obvious that there is a strong correlation between BTC price and the Wall Street which is shorting futures and manipulating spot prices near settlement. The SEC made it possible by approving Bitcoin Futures although they knew that the market is driven by a single entity. Of course they knew it. And this leads me to think that there is as well a chance that SEC approves an Bitcoin ETF. They may extend the decision till next year (they can extend the date for 3 times - 45,90,60) and then surprise us with an approval. High-grade governance corruption - nothing new. Also, about 80% of all Tether were created after the CFTC subpoena. This thought doesn't let me alone - it seems like BFX had nothing to worry about. But what happened actually to those many Tethers that were issued after the futures listing? It's simple, they pulled BTC out of the high inflated market (the most from alts) and sold them for Tether. They not used the Tether to fight against the dumping it were themselves who drove the market down in behalf of the Wall Street after CME opened the futures. "They" are using Tether as an instrument to have the full control over the crypto market like they have in any other market. People who invested in crypto to become free from slavery are also only little slaves of the financial elite. CME->DCG->Blocktream->Bitfinex->Tether
But at the same time, I don't believe they would want to produce a total collapse as they would jeopardize the whole ecosystem. This should be against the interest of the elite. Tether made it possible that Blockchain raised so much attention and brought so many IT specialists into this field. Maybe without Tether, Bitcoin would still be known to nerds only because without those manipulation it would have been hard to break through resistences in such a small market. Tether was needed to eat the sell walls and to create a hype and raise attention. In my opinion the blockchain technology is part of the NWO, so it's important that startups get motivated to develop and research the market for great use cases and bring more and more talents into the game.
But what else I could imagine (I hope this won't be the case!!!) is they shutting down Tether by an "inside job" and raping the souls of all "anti system thinkers" even more and let them finally give up and sell their valuable coins before they launching their own stablecoin and pump the market back to a lucrative level for the startups and developers.
Whatever happens, don't let the fear come over you guys.
Over and out,
#coppied
