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Tether Bets Big on Bitcoin and Gold Ahead of Expected Fed Cuts
Tether’s recent audit has revealed the possible reasons behind its latest aggressive buyouts. Specifically, buying gold and Bitcoin ($BTC) in massive amounts denotes its significant strategy when taking into account likely rate cuts by the U.S. Fed. As per Arthur Hayes, the founder of BitMEX, the latest audit of Tether presents its high bet on Bitcoin ($BTC) and gold as it anticipates a potentially upcoming Federal Reserve rate cuts. Thus, with this move, the platform is hedging against the likely cuts as they could slash its interest income. The market statistics suggest that, to counter the possibility of rate ... (full story)
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