Is Bitcoin Controlled By Tether?

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In this video, I answer a viewer's questions about Bitcoin's market value, its transactional value, and whether it is controlled by Tether.

I conclude that Bitcoin is not controlled by Tether, and that Tether is likely not a ponzi, but rather an amazingly profitable business.

Not investment advice! Consult a financial advisor.

People using Bitcoin to buy things:
https://x.com/bullishguate/status/1808255552608203094
https://x.com/francispouliot_/status/1763663907032342997
https://btcmap.org/

Tether:
https://en.wikipedia.org/wiki/Tether_(cryptocurrency)
https://tether.to/en/transparency/?tab=usdt

Tether buying Bitcoin and investing in start-ups:
https://www.bloomberg.com/news/articles/2024-06-11/tether-to-invest-more-than-1-billion-in-deals-over-next-year
https://www.nobsbitcoin.com/tether-acquired-8888-btc/

USDT market cap:
https://coinmarketcap.com/currencies/tether/

Fed's balance sheet:
https://fred.stlouisfed.org/series/WALCL

M2 money supply:
https://fred.stlouisfed.org/series/M2SL

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#Tether

Disclaimer
Neither Matthew Kratter's Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.