I get a lot of people calling out my #Bitcoin skepticism (as in: Bitcoin is a worthless piece of hot garbage trying to kill our planet) because number is again going up. This time it's real, now that the scamers have been caught and all.
But if you want to know why Bitcoin goes up you just need to look at one curve: Tether has printed 4 billion USD from thin air in the last week.
While it's great to see the crypto scam artists SBF and CZ been caught and punished (sadly without making their victims whole) the actual rock that whole scam economy is built on is Tether. Has been Tether for years.
And I really don't get why US regulators let some weird company print fake USD.
Nagel sieht Gefahr eines Bank-Runs durch Social Media
Bundesbankpräsident Joachim Nagel sieht die Gefahr eines möglichen Bankenansturms, der durch Falschmeldungen in sozialen Medien ausgelöst werden könnte. Er bringt eine Ausweitung der Bankenaufsicht ins Spiel.