Tether Buying Bitcoin

[Suba]

Tether International Limited (Tether), a company that issues USDT, starting in May 2023, will routinely buy Bitcoin. Funds to buy/invest in Bitcoin are 15% of the gross profit of the business. Previously Tether already had US$1.5 billion worth of Bitcoin stored in Reserver.

Consideration has been made with great care and prudence to invest in Bitcoin to strengthen their portfolio.

Bitcoin has proven its resilience consistently, as a long-term investment instrument with promising growth prospects.

In my opinion, this is how Tether prepares itself for the Bitcoin BullRun after the Bitcoin halving, which is expected in 2024.

 

[flower]

If a big cryptocurrency company is buying Bitcoin, it is a clear indication that we should keep accumulating bitcoin now.

 

[Suba]

Big companies and whales have been bracing themselves for an explosion in Bitcoin price after the expected halving in 2025, but many retail investors are not taking the chance to turn a profit.

 

[Authenticity101]

The Tether company is a huge one and so it is safe to safe that they are a whale investor. When such a whale invests in Bitcoin, it shows how much trust they have in its future. Such companies usually do a lot of research before investing.

 

[Suba]

The Tether company is a huge one and so it is safe to safe that they are a whale investor. When such a whale invests in Bitcoin, it shows how much trust they have in its future. Such companies usually do a lot of research before investing.

We, who don't have the capital, often do research and analysis of crypto prices, especially Bitcoin, let alone the whales and large companies like Tether, there are many experts there, so there will never be a shortage of research, we must make preparations to welcome Bitcoin to the moon.

 

[Golden9]

As Bitcoin becomes more scarce and also, as it's now clear that it won't die anytime soon, more people would accumulate and hold it. Having Bitcoin by Tether is a smart move

 

[Suba]

As Bitcoin becomes more scarce and also, as it's now clear that it won't die anytime soon, more people would accumulate and hold it. Having Bitcoin by Tether is a smart move

I agree with you, the many institutions and whales that hold large amounts of Bitcoin will reduce the supply of Bitcoin in circulation, so that supply will decrease and prices will tend to be different if there are no other factors such as pressure from the US government.

 

[Blessed19]

This is an indication that Bitcoin is going to hit the bull run in the next few months or days to come as a huge company as this is buying Bitcoin.

 

[nomad]

I use Tether to minimize the risks associated with crypto investment. However, I do not have any investment in Tether, it is not possible to profit by investing in Tether. When Tether buys Bitcoin, it will certainly make this stable coin strong.