[nkw]

Do any of the financial gurus have opinions on what happens if/when the Tether fraud collapses? My naive guess would be the price of bitcoin increases short term since that is probably the only quick way out of Tether in the event it loses its peg or there is a stampede for the exits.

[bagels]

Do they really have $100B of usd denominated assets? Are they uncorrelated to crypto?

Apparently they say it's mostly in US Treasuries: https://tether.to/en/transparency/#reports

[candiddevmike → bagels]

If these are long term treasuries, they could end up in a situation like SVB

[echelon]

Can this crypto garbage go away already? I want GPUs for AI, not for funny gambling money.

AI lets you build incredible stuff [1], crypto is just a Ponzi rug pull.

[1] I'm making short films and tools to make movies: https://imgur.com/a/4iKqbu6

[throwup238 → echelon]

> Can this crypto garbage go away already?

You can play your part by flagging every crypto story.

[riku_iki → echelon]

I think tether is not mined, so doesn't take GPUs from you much.

[paulpauper]

People think that tech is a bubble. I would rather own tech stocks like Nvidia than crypto, tbh.