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Amy Castor collected predictions for 2021 from cryptocurrency skeptics in Nocoiner predictions: 2021 will be a year of comedy gold. They're worth reading. For example:
"Since 2018, the New York Attorney General has been investigating Tether and its sister company, crypto exchange Bitfinex, for fraud. Over the summer, the Supreme Court ruled that the companies need to hand over their financial records to show once and for all just how much money really is underlying the tethers they keep printing. The NYAG said Bitfinex/Tether have agreed to do so by Jan. 15."
David Gerard expanded on his predictions in 2021 in crypto and blockchain: your 100% reliable guide to the future, including:
"We’re currently in the throes of a completely fake Bitcoin bubble. This is fueled by billions of tethers, backed by loans, or maybe bitcoins, or maybe hot air. Large holders are spending corporate money on bitcoins, fundamentally to promote the value of their own holdings.
Retail hasn’t shown up — there’s a lack of actual dollars in the exchange system. One 150 BTC sale last night (2 January) dropped the price $3,000.
If 150 BTC crashes the price, then almost nobody will be able to get out without massive losses. The dollars don’t appear to exist when tested."
Jan 3, 2021, 6:12:21 PM
Posted to Stablecoins