I can honestly say that for the first time since I began adding bitcoin to my portfolio, I am giving credence to a bear case that has been put out there. The case is presented in this note and largely centers on the prospect that the recent run up in the price of bitcoin was a function of demand using a currency called Tether.
right there with you in hoping tether is indeed a fraud and its exposure serves as a buying opportunity. however it's not as clear cut as i thought https://open.spotify.com/episode/13NjaSzDku022pGVhMhAsw