The Path to $10,000 Bitcoin: Tether Has Flippened Ether - Bitcoin Is Next The US dollar, via the Tether stablecoin, is now the No. 2 cryptocurrency. The technology is awesome. Cryptos adopted the dollar as their base layer, invested in US Treasuries. What rational American would push back on that? Trump 1.0 and the Biden administrations did. Trump figured it out, which helped make 2.0 possible. But the pump was historic, and the hangover should be proportional if the history of bubbles prevails. What Trump might be figuring out now: - Higher interest rates contain inflation (a top election issue) and put downward pressure on bond yields - He might be figuring out that the record-setting stock market is a top source of inflation, which is a great way to get the party in power voted out Have we reached a lose-lose stage in stocks? Bitcoin led the way up. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tg3nt9r24ub3 {BI COMD} #Bitcoin #Ethereum #cryptocurrencies @Bloomberg(Mike McGlone)