THE USDT SITUATION JUST GOT MORE INTERESTING! (GET READY)

My Financial Friend

Market Update

The crypto market is experiencing a decline, with Bitcoin falling below $92,000. The traditional stock market is also falling, with the Nasdaq down 1.68% and the S&P 500 down 1.55%.

Tether Situation

Tether has made a significant play by investing in public companies and buying $705 million worth of Bitcoin. Despite concerns about regulation and potential insolvency, Tether's actions suggest they are not worried about their cash position.

Samson Mao's Statement

Samson Mao believes that Tether is fine and that concerns about their solvency are unfounded. He points out that Tether has a large market cap and is a top 20 holder of US treasuries.

Michael Saylor's Bitcoin Purchase

Michael Saylor has purchased 2,138 Bitcoin for $209 million, achieving a Bitcoin yield of 47.8% quarter to date and 74% year to date. This purchase is smaller than previous ones, which may be a cause for concern.

Market Valuation

The total crypto valuation is currently at 98.5, which is considered fair value. The market may be undervalued, and it is unlikely that the current price is the top of the bull market.

Micro Strategy Valuation

Micro Strategy has a premium of 1.83X compared to their net asset value. As Bitcoin falls, the sentiment changes for proxies like MSTR, and the premium may decrease.

Trading and Investment

The speaker believes that now is a great time to trade crypto and that playing it conservatively with lower leverage can lead to significant gains in the long term. However, it is essential to do your own research and be aware of the risks involved.