Watching this guy gain more public attention lately reminds me a lot of Sam Bankman-Fried’s rise. To be clear, I’m not suggesting that Tether is fraudulent—on the contrary, I’m actually quite bullish on the company. But there are some striking parallels: Tether’s business model functions like a money printer (in more ways than one), their controversial early history, and now their CEO’s growing media presence—it all echoes the trajectory we saw with SBF and FTX.
With that being said, I do not think it ends the same way. I actually believe tether will become one of the most prolific and profitable companies of our generation. I would own it if I could. NFA
Watching this guy gain more public attention lately reminds me a lot of Sam Bankman-Fried’s rise. To be clear, I’m not suggesting that Tether is fraudulent—on the contrary, I’m actually quite bullish on the company. But there are some striking parallels: Tether’s business model functions like a money printer (in more ways than one), their controversial early history, and now their CEO’s growing media presence—it all echoes the trajectory we saw with SBF and FTX.
With that being said, I do not think it ends the same way. I actually believe tether will become one of the most prolific and profitable companies of our generation. I would own it if I could. NFA