Tether (USDT) No Longer 100 Percent Backed By Cash Reserves, Coinbase Adding Stellar (XLM), Negative Interest Rates Proliferating Worldwide Could Lead To Bitcoin (BTC) Rally
On this edition of the Crypto.IQ Daily Radio Show we do a deep dive market analysis. Bitcoin’s (BTC) price has barely moved since yesterday, and the crypto market is mixed. Stellar (XLM) is rallying on news that it is getting added to Coinbase. Tether (USDT) updated its website and now indicates that each Tether (USDT) is not backed by pure cash but also assets, cash equivalents, and receivables from loans. Hear about how Tron Founder Justin Sun is giving away $20 million and a Tesla on Twitter. We discuss how Japan and Europe have negative interest rates, which essentially means loans are free for banks, and how this is equivalent to money printing. There are $9.6 trillion of negative interest rate bonds worldwide, and as this situation evolves it could lead to fiat inflation and a Bitcoin (BTC) rally.
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