/biz/ - Business & Finance

>>52792132
>i am still checking up on those companies anons asked about.
thank you, take care

>>51135604

>Why have these counterfeiters been allowed to operate for so long?

It's an interesting question. IMO two major reasons:

A) They've been hoping it would draw some goldbugs away from gold by being "digital gold", which it might have done marginally at the retail level. They wanted this because gold going up is a problem for the bond market so anything that diverts attention away is good. Anyway it doesn't matter because crypto is clearly traded as fin-tech growth and gambling, the very antithesis of something bond and commodity correlated like gold.

B) They generally perceive that crypto might be the next "big thing" like the internet and are afraid of squashing a potentially big industry or giving advantage to other countries. Ofc this is also bullshit and crypto has one and only one use case which is doing illegal shit with money, as this is the only scenario with a lack of a trusted third party that requires a distributed ledger.

To give credit where due: crypto shills have been very savvy about pushing both of these narratives, which are well designed to simultaneously dazzle dumb retail money and to give regulators pause on crushing it. This has allowed them space to run countless scams and ponzi schemes unchecked. It's really been a feeding frenzy for lowlifes sucking retail idiots dry. As it's becoming more obvious there's not much redeeming value in the space you're seeing the regulatory vice start to squeeze.

IMO tether will go pop under the strain of continued QT and rate hikes. It'll probably mark the bottom actually.