Discover and read the best of Twitter Threads about #cryptocollapse
Most recents (2)
in depth analysis of a $BTC collapse scenario posted saturday playing out #contagion scenario that i thought had a 10% chance to destroy crypto by Monday.
most important single event will probably be when a $BTC bank stops withdrawals... now #Celsius
reddit.com/r/Buttcoin/com…
most important single event will probably be when a $BTC bank stops withdrawals... now #Celsius
reddit.com/r/Buttcoin/com…
now that #celsius has closed its doors exactly in line w/my worst case scenario for $BTC / $ETH / #crypto, i suspect #cryptocollapse is coming at us a lot faster than people expect.
#TetherIsInsolvent, part 2. this is a followup to analysis @patio11 (link) and i did independently showing #Tether must be insolvent based on Tether's stated financials due to the crypto selloff. But this time... it's about foreign exchange rates. kalzumeus.com/2022/05/20/tet…
On May 19th #Tether announced that it had reduced its commercial paper reserves by $4.3B between 2021-12-31 and 2022-03-31 and that they had reduced their paper another 20% ($4B) since that March 31 "attestation" was done. Here's their press release:
tether.to/en/assurance-o…
tether.to/en/assurance-o…
@ZekeFaux did some (maybe pulitzer-worthy) reporting for Bloomberg in Oct '21 where he reported he could not find anyone at a major bank who had sold tether any paper, and further that he had seen documents stating that at least some % of tether's paper was from Chinese companies 
