CryptoMediaClub
Friday, July 18, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Bitcoin

Analyst Links Bitcoin Price Surge to Tether’s Activity

28.11.2024
A A
0
129
VIEWS
ShareShare

Analyst Links Bitcoin Price Surge to Tether’s Activity

Tether Accused of Fueling Bitcoin’s Price Surge: Analyst’s Bold Claims

The meteoric rise in Bitcoin’s price has reignited debates about market manipulation, with a recent assertion from analyst Jacob King adding fuel to the fire. Posting on X (formerly Twitter), the Whalewire analyst suggested that Tether (USDT) is the driving force behind Bitcoin’s recent surge, accusing the stablecoin issuer of questionable practices.

King did not mince words, describing Tether as “a shady, unregulated Chinese entity” that has “printed several billion out of thin air” and funneled the funds into “a network of corrupt exchanges.” His stark warning: Tether’s collapse could become “the greatest financial disaster in history.”

Tether Behind Bitcoin Price Surge

The Allegations Against Tether: What’s Being Claimed?

King’s assertions highlight long-standing skepticism about Tether’s operations and its influence on the cryptocurrency market.

  • Unregulated Printing of USDT: King alleges that Tether has issued billions of USDT without backing, artificially inflating Bitcoin’s price.
  • Market Manipulation: These funds, according to King, are channeled into exchanges to create demand for Bitcoin, pushing prices higher and misleading investors.
  • Ponzi Scheme Accusation: King labeled Tether’s operations as “the largest Ponzi scheme in history,” arguing that its eventual collapse could have catastrophic consequences for global financial markets.

Such allegations are not new, but their resurgence amid Bitcoin’s price rally has sparked fresh scrutiny of Tether’s role in the crypto ecosystem.

Bitcoin’s Recent Price Surge: Genuine Demand or Artificial Pump?

Bitcoin’s price has been on a steady ascent, recently crossing $96,000, driven by increased adoption and investor confidence. However, King’s claims raise questions about whether this growth is underpinned by organic demand or artificially inflated through Tether’s activities.

  • On-Chain Analysis: Critics argue that large inflows of USDT into exchanges often coincide with Bitcoin price spikes, suggesting a correlation that may not be coincidental.
  • Market Sentiment: While many investors celebrate Bitcoin’s rally, others worry that such rapid growth could be unsustainable if driven by manipulated demand.

What Is Tether’s Role in the Crypto Market?

Tether (USDT) is the largest stablecoin in the cryptocurrency market, with a market capitalization exceeding $80 billion. Designed to maintain a 1:1 peg to the U.S. dollar, Tether provides liquidity and stability, enabling traders to quickly move in and out of volatile assets like Bitcoin.

  • Liquidity Provider: Tether’s widespread adoption on exchanges has made it a cornerstone of crypto trading.
  • Controversy Over Reserves: Despite its prominence, Tether has faced repeated accusations about the adequacy and transparency of its reserves.

Tether has maintained that every USDT is fully backed by cash or cash equivalents, though audits and regulatory investigations have painted a more complex picture.

Reactions to King’s Claims

The boldness of King’s statements has elicited strong reactions from both skeptics and supporters of Tether:

  • Support from Critics: Longtime critics of Tether point to King’s claims as further evidence of the stablecoin’s outsized influence and potential risks.
  • Defenders of Tether: Supporters argue that Tether’s role as a liquidity provider is essential for market efficiency and that accusations lack concrete evidence.
  • Community Divisions: The cryptocurrency community remains deeply divided, with some calling for greater regulation and oversight while others advocate for self-regulation.

What Happens If Tether Collapses?

King’s dire warning about a potential Tether collapse has reignited fears about the systemic risks associated with stablecoins.

  • Market Liquidity Crisis: Tether’s collapse could lead to a liquidity crunch, severely impacting Bitcoin and other cryptocurrencies.
  • Regulatory Fallout: Such an event would likely accelerate global regulatory efforts, potentially stifling innovation in the crypto space.
  • Wider Financial Impact: Given the growing intersection of crypto with traditional finance, the fallout could ripple beyond the crypto market, affecting banks, investors, and payment systems.

Calls for Greater Oversight

King’s claims come at a time when regulators worldwide are intensifying scrutiny of stablecoins and their impact on financial stability.

  • U.S. Efforts: American regulators, including the SEC and CFTC, have been investigating Tether’s practices and its reserve backing.
  • Global Concerns: The IMF and other international bodies have raised alarms about stablecoins, calling for coordinated regulation.

Enhanced transparency and independent audits of stablecoins like Tether could address these concerns, but achieving consensus on global regulatory standards remains a challenge.

Conclusion: A Storm Brewing in the Crypto World?

Jacob King’s assertion that Tether is behind Bitcoin’s price surge has reignited long-standing debates about the stablecoin’s influence and integrity. Whether or not these claims are validated, they serve as a reminder of the complexities and risks inherent in the cryptocurrency market.

As Bitcoin continues its rally, investors and regulators alike will be watching Tether’s next moves closely, knowing that the stablecoin’s stability—or lack thereof—could have far-reaching implications.

To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.

Share10Tweet6ShareSharePin2

Related Posts

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge
Bitcoin

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge

15.07.2025
0

BitcoinWorldCoinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge The cryptocurrency world is buzzing with excitement, and for good reason!...

Read moreDetails
Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

14.07.2025
Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

14.07.2025
Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

14.07.2025
Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

08.07.2025
Load More
Next Post
Celsius Announces Second Bankruptcy Payout of $127 Million to Creditors

Celsius Announces Second Bankruptcy Payout of $127 Million to Creditors

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Surprising Crypto Summit or Political Showcase? Business Leaders’ Trump Reward Sparks Fury!

Surprising Crypto Summit or Political Showcase? Business Leaders’ Trump Reward Sparks Fury!

4 months ago

Crypto.com Partners PayPal to Become Preferred Exchange for PYUSD

2 years ago
Bitcoin sees wealth shift from long-term holders to new investors – Glassnode

Bitcoin sees wealth shift from long-term holders to new investors – Glassnode

7 months ago
XRP Ledger shows signs of increasing usage, suggesting XRP price increase

XRP Ledger shows signs of increasing usage, suggesting XRP price increase

7 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

South Korea’s Shinhan Launches Crypto Services on Its Banking App

SPX6900 Hits $1.89 New ATH – TOKEN6900 Is Where the Next 1000x Cult Begins, ICO Hits $630K

Ethereum ETFs Surge Past $5.5B in Record Inflows – Can ETH Break $4,000 Next?

$FARTCOIN Nears $1.80 Breakout: Will Whale Activity Trigger the Next Rally?

Memecoins and DeFi beat Bitcoin as BONK, CRV, FRAX post over 20% gains in 24 hours

Bitcoin Could Become Quantum-Resistant by 2030

Trending

Crypto Price Prediction Today 17 July – XRP, PUMP, ADA
All news

Crypto Price Prediction Today 17 July – XRP, PUMP, ADA

18.07.2025
0

Bitcoin ($BTC), the undisputed frontrunner of the crypto sector, is currently trading at a price of $118,632,...

XRP hits new ATH of $3.55 after 7 years amid altcoin surge

XRP hits new ATH of $3.55 after 7 years amid altcoin surge

18.07.2025
Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei

18.07.2025
South Korea’s Shinhan Launches Crypto Services on Its Banking App

South Korea’s Shinhan Launches Crypto Services on Its Banking App

18.07.2025
SPX6900 Hits $1.89 New ATH – TOKEN6900 Is Where the Next 1000x Cult Begins, ICO Hits $630K

SPX6900 Hits $1.89 New ATH – TOKEN6900 Is Where the Next 1000x Cult Begins, ICO Hits $630K

18.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz