{"id":538109,"date":"2023-06-15T12:05:18","date_gmt":"2023-06-15T12:05:18","guid":{"rendered":"https:\/\/ktsl888.com\/?p=538109"},"modified":"2024-06-11T06:54:12","modified_gmt":"2024-06-11T06:54:12","slug":"heres-why-tether-fud-could-be-good-for-bitcoin","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/","title":{"rendered":"Here’s Why The Tether FUD Could Be Good For Bitcoin"},"content":{"rendered":"

The Bitcoin market is once again in turmoil, and the reason is an old acquaintance: no, not the US Federal Reserve, but the worries and rumors about Tether’s stablecoin, USDT. Anyone who has been active in the Bitcoin and crypto market for a while knows that rumors about USDT’s lack of backing are part of every bear market. And this bear market seems to mean it particularly “well” as the Tether FUD is now making a reappearance in this cycle.<\/p>\n

As NewsBTC reported<\/a> earlier today, USDT has slightly lost its peg to the US dollar as the Curve 3Pool has lost its balance. The reason for this is that whales are selling USDT and trading it for USDC as well as DAI. However, according to Tether CTO Paolo Arduino, the company is “ready to redeem any amount 1:1 against US dollars”.<\/p>\n

Historically, the de-pegging of USDT is not an uncommon occurrence. Samson Mow, CEO of Bitcoin focused company JAN3, writes<\/a>:<\/p>\n

Tether FUD is always the FUD bottom. It’s what they pull out when there’s nothing left. Up soon.<\/strong><\/p><\/blockquote>\n

Analyst Miles Deutscher has a similar view. He explained: “Fun Fact: Stablecoin FUD often marks local bottoms,” and shared the following chart.<\/p>\n

\"Stablecoin
Stablecoin FUD marking the local bottom? | Source: Twitter @milesdeutscher<\/a><\/figcaption><\/figure>\n

Bottom Signal For The Bitcoin Price?<\/h2>\n

As can be seen in the chart, the Tether FUD first surfaced at the end of June 2022. At the time, news emerged that hedge fund Fir Tree Capital Management was shorting Tether after the Terra ecosystem stablecoin Terra USD collapsed. Contrary to speculation, however, Tether was able to process all USDT redemptions, even though the value of USDT had fallen to $0.9520 temporarily.<\/p>\n

Related Reading: Tether (USDT) De-Pegs As Crypto Market Stumbles, More Downside Coming?<\/a><\/div>\n

In mid-November 2022, the cryptocurrency exchange FTX went bankrupt after its competitor Binance backed out of a purchase agreement. The Tether FUD hit a 6-month high and the price of USDT fell to $0.9970. Again, Tether was able to handle all redemptions, while the market found a local bottom.<\/p>\n

Most recently, USDC depegging provided the local bottom signal in March this year. The event was caused by the collapse of the counterparty from stablecoin issuer Circle, Silicon Valley Bank (SVB). Crypto whales had also tried to take profits from the situation at the time, while other USDC holders sold out of panic.<\/p>\n

Related Reading: Bitcoin Price Hammered Below $25,000 Amid Fed\u2019s Hawkish Tone, SEC Lawsuits<\/a><\/div>\n

Tether emerged as the clear winner from the latter situation and was able to capture large market shares from USDC since then. Most recently, Tether reported huge profits, some of which they are investing in Bitcoin, as NewsBTC reported<\/a>.<\/p>\n

This is another reason why crypto expert Thor Hartvigsen believes that the likelihood of Tether not having enough funds to settle all USDT redemptions is “pretty low”, adding<\/a>: “According to Tether, the company made $1.48b in profits in Q1 alone which brought the reserve surplus to $2.44b.\u00a0They’ve further been winding down bank deposits (hold less than $0.5b here) and acquired over $53b in US treasuries throughout 2022.”<\/p>\n

Remarkably, the price of USDT has already returned to its default level at press time. After the USDC\/ USDT price on Binance climbed temporarily to $1.0042, it was now already back at $1.0019.<\/p>\n

As of press time, the Bitcoin price was bucking the Tether FUD and holding slightly above $25,000. However, the drop below the 200-day EMA (blue line) is somewhat critical. Most recently, BTC fell below this indicator which is known as the “bull line” during the USDC de-pegging. Therefore, Bitcoin bulls are advised to stage a similar reaction as in March to prevent a further plunge.<\/p>\n

\"Bitcoin
Bitcoin price below 200-day EMA, 1-day chart | Source: BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image from iStock, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The Bitcoin market is once again in turmoil, and the reason is an old acquaintance: no, not the US Federal Reserve, but the worries and rumors about Tether’s stablecoin, USDT. Anyone who has been active in the Bitcoin and crypto market for a while knows that rumors about USDT’s lack of backing are part of every bear market. And this bear market seems to mean it particularly “well” as the Tether FUD is now making a reappearance in this cycle. As NewsBTC reported earlier today, USDT has slightly lost its peg to the US dollar as the Curve 3Pool has lost its balance. The reason for this is that whales are selling USDT and trading it for USDC as well as DAI. However, according to Tether CTO Paolo Arduino, the company is “ready to redeem any amount 1:1 against US dollars”. Historically, the de-pegging of USDT is not an uncommon occurrence. Samson Mow, CEO of Bitcoin focused company JAN3, writes: Tether FUD is always the FUD bottom. It’s what they pull out when there’s nothing left. Up soon. Analyst Miles Deutscher has a similar view. He explained: “Fun Fact: Stablecoin FUD often marks local bottoms,” and shared the following chart. Bottom Signal For The Bitcoin Price? As can be seen in the chart, the Tether FUD first surfaced at the end of June 2022. At the time, news emerged that hedge fund Fir Tree Capital Management was shorting Tether after the Terra ecosystem stablecoin Terra USD collapsed. Contrary to speculation, however, Tether was able to process all USDT redemptions, even though the value of USDT had fallen to $0.9520 temporarily. Related Reading: Tether (USDT) De-Pegs As Crypto Market Stumbles, More Downside Coming? In mid-November 2022, the cryptocurrency exchange FTX went bankrupt after its competitor Binance backed out of a purchase agreement. The Tether FUD hit a 6-month high and the price of USDT fell to $0.9970. Again, Tether was able to handle all redemptions, while the market found a local bottom. Most recently, USDC depegging provided the local bottom signal in March this year. The event was caused by the collapse of the counterparty from stablecoin issuer Circle, Silicon Valley Bank (SVB). Crypto whales had also tried to take profits from the situation at the time, while other USDC holders sold out of panic. Related Reading: Bitcoin Price Hammered Below $25,000 Amid Fed\u2019s Hawkish Tone, SEC Lawsuits Tether emerged as the clear winner from the latter situation and was able to capture large market shares from USDC since then. Most recently, Tether reported huge profits, some of which they are investing in Bitcoin, as NewsBTC reported. This is another reason why crypto expert Thor Hartvigsen believes that the likelihood of Tether not having enough funds to settle all USDT redemptions is “pretty low”, adding: “According to Tether, the company made $1.48b in profits in Q1 alone which brought the reserve surplus to $2.44b.\u00a0They’ve further been winding down bank deposits (hold less than $0.5b here) and acquired over $53b in US treasuries throughout 2022.” Remarkably, the price of USDT has already returned to its default level at press time. After the USDC\/ USDT price on Binance climbed temporarily to $1.0042, it was now already back at $1.0019. As of press time, the Bitcoin price was bucking the Tether FUD and holding slightly above $25,000. However, the drop below the 200-day EMA (blue line) is somewhat critical. Most recently, BTC fell below this indicator which is known as the “bull line” during the USDC de-pegging. Therefore, Bitcoin bulls are advised to stage a similar reaction as in March to prevent a further plunge. Featured image from iStock, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":538110,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,4100,10263],"class_list":["post-538109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-tether","tag-usdt"],"acf":[],"yoast_head":"\nHere's Why The Tether FUD Could Be Good For Bitcoin<\/title>\n<meta name=\"description\" content=\"The Bitcoin market is once again in turmoil, and the reason is an old acquaintance: no, not the US Federal Reserve, but the worries and rumors about\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Here's Why The Tether FUD Could Be Good For Bitcoin\" \/>\n<meta property=\"og:description\" content=\"The Bitcoin market is once again in turmoil, and the reason is an old acquaintance: no, not the US Federal Reserve, but the worries and rumors about\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-15T12:05:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T06:54:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/iStock-1412367772.jpg?fit=2359%2C1270\" \/>\n\t<meta property=\"og:image:width\" content=\"2359\" \/>\n\t<meta property=\"og:image:height\" content=\"1270\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jake Simmons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/realJakeSimmons\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Simmons\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/\"},\"author\":{\"name\":\"Jake Simmons\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\"},\"headline\":\"Here’s Why The Tether FUD Could Be Good For Bitcoin\",\"datePublished\":\"2023-06-15T12:05:18+00:00\",\"dateModified\":\"2024-06-11T06:54:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/\"},\"wordCount\":652,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/iStock-1412367772.jpg?fit=2359%2C1270\",\"keywords\":[\"bitcoin\",\"btc\",\"tether\",\"USDT\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/\",\"url\":\"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/\",\"name\":\"Here's Why The Tether FUD Could Be Good For Bitcoin\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/iStock-1412367772.jpg?fit=2359%2C1270\",\"datePublished\":\"2023-06-15T12:05:18+00:00\",\"dateModified\":\"2024-06-11T06:54:12+00:00\",\"description\":\"The Bitcoin market is once again in turmoil, and the reason is an old acquaintance: no, not the US Federal Reserve, but the worries and rumors about\",\"breadcrumb\":{\"@id\":\"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/#primaryimage\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/iStock-1412367772.jpg?fit=2359%2C1270\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/iStock-1412367772.jpg?fit=2359%2C1270\",\"width\":2359,\"height\":1270,\"caption\":\"Tether FUD Bitcoin bottom\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Here’s Why The Tether FUD Could Be Good For Bitcoin\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ktsl888.com\/#website\",\"url\":\"https:\/\/ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\",\"name\":\"Jake Simmons\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"caption\":\"Jake Simmons\"},\"description\":\"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with ktsl888.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons\"],\"url\":\"https:\/\/ktsl888.com\/author\/marcusmisiak\/\"}]}<\/script>\n","yoast_head_json":{"title":"Here's Why The Tether FUD Could Be Good For Bitcoin","description":"The Bitcoin market is once again in turmoil, and the reason is an old acquaintance: no, not the US Federal Reserve, but the worries and rumors about","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/","og_locale":"en_US","og_type":"article","og_title":"Here's Why The Tether FUD Could Be Good For Bitcoin","og_description":"The Bitcoin market is once again in turmoil, and the reason is an old acquaintance: no, not the US Federal Reserve, but the worries and rumors about","og_url":"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-06-15T12:05:18+00:00","article_modified_time":"2024-06-11T06:54:12+00:00","og_image":[{"width":2359,"height":1270,"url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/iStock-1412367772.jpg?fit=2359%2C1270","type":"image\/jpeg"}],"author":"Jake Simmons","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/realJakeSimmons","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Jake Simmons","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/#article","isPartOf":{"@id":"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/"},"author":{"name":"Jake Simmons","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028"},"headline":"Here’s Why The Tether FUD Could Be Good For Bitcoin","datePublished":"2023-06-15T12:05:18+00:00","dateModified":"2024-06-11T06:54:12+00:00","mainEntityOfPage":{"@id":"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/"},"wordCount":652,"publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"image":{"@id":"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/iStock-1412367772.jpg?fit=2359%2C1270","keywords":["bitcoin","btc","tether","USDT"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/","url":"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/","name":"Here's Why The Tether FUD Could Be Good For Bitcoin","isPartOf":{"@id":"https:\/\/ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/#primaryimage"},"image":{"@id":"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/iStock-1412367772.jpg?fit=2359%2C1270","datePublished":"2023-06-15T12:05:18+00:00","dateModified":"2024-06-11T06:54:12+00:00","description":"The Bitcoin market is once again in turmoil, and the reason is an old acquaintance: no, not the US Federal Reserve, but the worries and rumors about","breadcrumb":{"@id":"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/#primaryimage","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/iStock-1412367772.jpg?fit=2359%2C1270","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/iStock-1412367772.jpg?fit=2359%2C1270","width":2359,"height":1270,"caption":"Tether FUD Bitcoin bottom"},{"@type":"BreadcrumbList","@id":"https:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"Here’s Why The Tether FUD Could Be Good For Bitcoin"}]},{"@type":"WebSite","@id":"https:\/\/ktsl888.com\/#website","url":"https:\/\/ktsl888.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028","name":"Jake Simmons","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","caption":"Jake Simmons"},"description":"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with ktsl888.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/ktsl888.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Here’s Why The Tether FUD Could Be Good For Bitcoin","url":"http:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/heres-why-tether-fud-could-be-good-for-bitcoin\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/iStock-1412367772.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/iStock-1412367772.jpg?fit=2359%2C1270"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","tether","usdt"],"dateCreated":"2023-06-15T12:05:18Z","datePublished":"2023-06-15T12:05:18Z","dateModified":"2024-06-11T06:54:12Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Here’s Why The Tether FUD Could Be Good For Bitcoin\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/heres-why-tether-fud-could-be-good-for-bitcoin\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/heres-why-tether-fud-could-be-good-for-bitcoin\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/iStock-1412367772.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/iStock-1412367772.jpg?fit=2359%2C1270\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"tether\",\"usdt\"],\"dateCreated\":\"2023-06-15T12:05:18Z\",\"datePublished\":\"2023-06-15T12:05:18Z\",\"dateModified\":\"2024-06-11T06:54:12Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/iStock-1412367772.jpg?fit=2359%2C1270","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/538109"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=538109"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/538109\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/538110"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=538109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=538109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=538109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}