The U.S government wants Tether and other fraudulent stablecoins to grow so big that, once the big crash hits and the Ponzi collapses, they will use it as a scapegoat to blame the entire crisis on, just like they did with Bernie Madoff’s Ponzi, where thousands of people reported it to the SEC, but it was intentionally ignored, and then later claimed it helped cause the 2008 crash, despite it being a result of the big banks getting too greedy.
After the big financial crisis hits, I guarantee politicians will argue that they need to create their own central bank stable-coins because banks are so “trustworthy,” and they’ll use Tether as an example of why it cannot be in the hands of the people.
This is a game of control, and the maxis, by defending fraudulent and centralized stablecoins and helping them grow, are unintentionally assisting central banks in pulling off one of the greatest seizures of power in human history: the full and total control of the monetary supply.
Many ask about my cycle top target.
Tbh, i don't think anyone has a clue and it's mostly just guessing. Last cycle, no one thought we would only reach 70k and then re-visit 20k. But this fractal that i published more than 5 years ago (by just copying historical PA) did indicate it. Now that we've marked our mid-cycle top (ca 49k), the next cycle bottom at 50k after a 300k cycle top makes a lot of sense to me. So, if i have to make a guess, the fractal would be the only reliable resource to me.
In the end, we can only predict in advance when the top of the cycle will be, not at which price. It will be nowcasting by monitoring the top signals.