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Message Subject XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
Poster Handle Anonymous Coward
Post Content
... the whole crypto market will crash on or shortly after May 19.
 Quoting: Anonymous Coward 79945378


why?
 Quoting: PeterWiggin


Because Tether does not have the enough reserves to cover their $50 billion market cap and and on May 19 they will have to disclose this inconvenient fact due to settlement requirements with the NYAG.
 Quoting: Anonymous Coward 79945378


thanks!

why would that crash all crypto?
 Quoting: PeterWiggin


Tether has been used to artificially inflate the crypto market as a whole but especially BTC and ETH. In my opinion we will see around a 75% price collapse for BTC and 60% for ETH. Regulations will come later this year that hurt high energy use tokens like BTC and ETH (until they fully roll out Ethereum 2.0) This combination is what pushes them to these levels. In the end the XRPL and the Flare network save BTC from total destruction through their ability to process BTC transactions on their network reducing the energy consumption and allowing it to fit within the new "green" regulations that are coming.
 
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