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Jacob King|Feb 13, 2025 12:50
BREAKING: JPMorgan predicts Tether may need to sell BTC to comply with proposed U.S. stablecoin rules.
For reference, Tether is one of the world’s largest BTC buyers, holding nearly 85,000 BTC. If (when) they sell and halt purchases, BTC will easily crash far below 10K again.
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