FrElijah on Nostr: USDt and BTC is the pair trade. When Bitcoin pumps and tanks, people sell or buy into ...

USDt and BTC is the pair trade.

When Bitcoin pumps and tanks, people sell or buy into USDt.

If USDt is regulated you know they are going to ensure they can tax/confiscate it.

Gov pumps BTC, regulates USDt, enter crisis, BTC tanks, USDt assets increase, which means they buy more treasuries (mop up their mess), then tax the holders and confiscate your wealth and you BTC indirectly.