MicroStrategy Bought 11931 More Bitcoin For $786 Million; Peter Brandt warns Tether is ‘headed for disaster’ before US dollar
MicroStrategy Bought 11931 More Bitcoin For $786 Million. Tether was heading “eventually for disaster,” adding that the United States dollar (USD) “will eventually meet its demise” as well, but years after Tether experiences the same
MicroStrategy, a leading business intelligence and software company, has continued its steadfast commitment to Bitcoin by purchasing an additional 11931 BTC at a total cost of $786 million.
Amid accusations of corruption against the issuer of Tether (USDT) and raising questions about it being the next FTX, veteran trader and renowned markets expert Peter Brandt has shared his opinion that the popular stablecoin might be heading toward a catastrophe.
Specifically, Brandt’s concerns align with those of the non-profit organization Consumers’ Research, which has launched a campaign against the USDT issuer, accusing it of posing a threat to consumers, and he has shared his own views on the matter in an X post published on June 19.
Indeed, the legendary trader explained that he has been arguing “for years” that Tether was heading “eventually for disaster,” adding that the United States dollar (USD) “will eventually meet its demise” as well, but years after Tether experiences the same, as per his recent post.
