Thread by @BambroughKevin

#cryptocrash few understand this muellerberndt.medium.com/is-tether-a-bl…

Lots of attackers got their knives out…cause I’m talking about how pure shit crypto is. Some call me ‘boomer’. Well I’m Gen X kids…and I’m a butcher

Here it is… fucking Ponzi. As I suspected Tether issues their coins exchange for ‘Comercial paper’. The entire thing is one giant ponzi / confidence game

Just watch how I’ll be attacked by crypto cult members who are most likely just unable to read this this article above and actually understand it.

If your an investor in any crypto currency or have significant assets on any crypto exchange you best read and understand this before your wiped out.

The information I’ve shared this weekend on Tether Holdings is absolutely unequivocally proof that the crypto world is a giant Ponzi scheme. It’s finally going to unwind because of the tech sell off and the melt down of feeder products like $arkk and $mstr

#BitMart hack and theft of $200mm coins that were dumped sparked a further sell off (even crooks know the coins are shit and wanted to dump them)

Panic selling created demand for USTC

Likely one more more of the exchanges entered into swaps with Tether holdings to acquire USTC to provide liquidity to the exchanges. 99% of crypto nuts feel safe in USTC. 99% are nuts. Read up on Tether holdings…

All you crypto junkies have done is replaced the Federal Reserve with Tether Holdings and one fiat for another. Only your accounts can be hacked. Your coin banks and exchanges are unregulated. There’s massive leverage in the system and huge risk

Unregulated is a bad thing btw. It means it can’t be trusted at all there’s no rules on how these exchanges manage there balance sheets and if they have to pay you back or not. No real insurance like FDIC.

Many of my kids university friends and even high school friends gamble in crypto. They have no idea what they are doing. No idea of the risk. They are just playing it cause it’s popular it was going up. The crypto blow up that’s unfolding will be there dot.com

Crash. Along with many other stocks that have terrible fundamentals that they bought with new accounts opened during covid. The casino is gonna teach them a painful lesson.

FYI. For those telling me to shut up about crypto and stick to uranium. Go fuck yourselves…

Don’t follow. Block me. Annoy me and maybe all block you.

I tweet to help my friends and many of my friends kids. I hope the read these articles I’ve shared on Tether Holdings and act.

It’s honestly the most insane situation I’ve ever come across. I wrote off playing the coin game because the supply of newly created coins is unlimited. Sure Bitcoin has a limit. So what. It’s just fiat and it’s value is pure ponzi.

What is absolutely shocking to me is how massive the ponzi is with in the exchanges and stablecoin world. The USTC ponzi is simply mind blowing.

Hey kids.. just so ya know. A lot of this activity will make more sense when you understand much of it is likely money laundering.

Along with this virtual bullshit boat for $650k in the fucking metaverse someone in the real world probably also took delivery of 5 kilos of Cocaine. The drug trade loves crypto.