By now, it's abundantly clear to anyone with a few brain cells that Tether is a fraud. This means that $61+ billion "dollars" invested in the crypto market are fake, ie. $61 billion worth of value will evaporate overnight when Tether gets shut down. The US government is hot on the heels of Paulo Ardoino and Stuart Hoegner, principals of the Tether fraud, so it won't be long now before Tether goes tits up. Ardoino and Hoegner stopped printing for a few months, but now they've gone YOLO and are printing again, which is vaguely logical if they're going to jail anyway.
Wall Street traders do NOT generally invest in scams. They only invest in scams like mortgage-backed securities (MBS), credit default swaps (CDS), or precious metals derivatives (paper gold) when they have inside information. This inside information typically gives them a guarantee that they can sell off their investment to a Greater Fool (MBSes), the price of the scammy asset will be artifically rigged by market makers (PM ETFs) or that the Federal Reserve will bail out their losses (CDSes).
The US government MUST control the global crypto market, otherwise Dollar hegemony is over, and the US empire cannot halt its slow decline. Therefore it would behoove USG to take over Tether, perhaps even making it whole with freshly printed FedBux$. If they control Tether supply and accompanying USDT/BTC wash trading, they can move BTC price to whatever they like. Conveniently, Wall Street gets to walk on all of the massive crypto losses they would face in due to Tether default.
It's just a theory. Discuss.
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source https://www.reddit.com/r/btc/comments/p0lly1/shower_thought_wall_street_is_heavily_invested_in/
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