Get Ready for the Next Leg Down in Bitcoin.
Tether Market Cap just dropped again.
Maybe Mike Saylor should issue another $5 billion to buy more $BTC. pic.twitter.com/EqcEPYsrGF
— SRSrocco Report (@SRSroccoReport) December 28, 2024
https://twitter.com/FinanceLancelot/status/1872873573351866513
So far I have not seen anyone talk about this, as it seems very few actually have spend time in researching this topic.
I spent a lot of time on the research and would appreciate your support for sharing my knowledge for FREE
— Mike Williams (@JustMike_Crypto) December 27, 2024
As of December 30th 2024, the European Union will have clear rules of engagement for cryptocurrency businesses and individuals alike!
The EU agreement will also likely serve as a benchmark for future regulation in other jurisdictions, influencing rulemaking around the world.…
— Mike Williams (@JustMike_Crypto) December 27, 2024
Exchange to exchange transfer:
Exchanges operating under EU license will exchange YOUR personal details with eachother whenever you make a transaction.
You will not know where your private information will end up, and heavily susceptible to leaks
— Mike Williams (@JustMike_Crypto) December 27, 2024
i don't know why, but it's OBVIOUS that Binance is abandoning TRON. There's 58 million "holders" of USDT on TRON, and 5.8M on ETH. Binance *should* have the majority of its USDT on TRON, but they've rapidly swapped all of it to ETH since the elections.
And it's not just them.
— Deso (@DesoGames) December 28, 2024
Then there's stuff like this that's just impossible to trace. Has to be known parties though, or Bitfinex is doing zero KYC if a new account can just drop $200M without questions. There certainly seems to be a rush of some kind going on. pic.twitter.com/dIkIw14Jjq
— Deso (@DesoGames) December 28, 2024
NEW: The National Bank of Cambodia (NBC) has authorized compliant stablecoin services for banks and payment institutions but banned "unbacked" cryptocurrencies like Bitcoin. pic.twitter.com/gkuSWgGGOD
— Bitcoin News (@BitcoinNewsCom) December 28, 2024
ETH is so dead, they now offering to let you watch ads instead of pay gas.  pic.twitter.com/lxwo1T6oaE
— lynk (@lynk0x) December 28, 2024
Bitcoin has been moving in sync with the global M2 money supply (on a 10 week lag).
The current negative divergence is pointing to $80k for Bitcoin. $COIN $MSTR #Bitcoin pic.twitter.com/uRyDuDEcXa
— David Marlin (@Marlin_Capital) December 27, 2024
He is going to be the face of and the responsible for the largest Crash in the next few years…. https://t.co/J2TSVoOeNi
— Henrik Zeberg (@HenrikZeberg) December 28, 2024
https://twitter.com/MFHoz/status/1873062003654443201
The Basics:
@Tether_to is what’s known as a "stablecoin," a cryptocurrency that’s designed to maintain a “stable value,” by being pegged 1-to-1 with a specific underlying currency or asset.
Tether is designed to be pegged to the US dollar, meaning for every 1 $USDT in…
— Will Hild (@WillHild) December 28, 2024
The Implications:
As the largest stablecoin pegged to the US dollar, @Tether_to has become the de facto backbone of liquidity in cryptocurrency markets.
This means 2 things could happen:
1.) If they refuse to open their books and are subsequently banned in Europe, that… pic.twitter.com/UTyzwFTu57
— Will Hild (@WillHild) December 28, 2024
Conclusion:
With their continued unwillingness to open their books, @Tether_to is teetering on the brink of disaster.
Whether they are banned or found to be insolvent, the result will be different degrees of disaster for crypto markets globally.
For those, like myself, that… pic.twitter.com/b0zvpcNEKA
— Will Hild (@WillHild) December 28, 2024
the fact that a shadow digital dollar was created & has run up to $100b+ in market cap, with little to no controls or regulations, & it’s reportedly become the default for despots & criminals should be extremely concerning to regulators.
Why on earth would governments give up… https://t.co/33ouFA8YLE
— @jason (@Jason) December 27, 2024
Finnish trade paper, Kauppalehti, predicts Bitcoin to crash by 40% in 2025 🤔
“Trump’s honeymoon with bitcoin investors will end by the fall, as the crypto industry’s huge expectations fail to materialize. This, along with the decline in US stock returns, will break bitcoin’s bullish cycle, and a correction will shave 40 percent off its peak prices by the end of the year. Many investors are fleeing bitcoin from the following US ETFs.”
NEW: 🇫🇮 Finnish trade paper, Kauppalehti, predicts Bitcoin to crash by 40% in 2025 🤔
“Trump's honeymoon with bitcoin investors will end by the fall, as the crypto industry's huge expectations fail to materialize. This, along with the decline in US stock returns, will break… pic.twitter.com/LQukn4QURJ
— Bitcoin News (@BitcoinNewsCom) December 28, 2024