Coin Bureau: BTC will rise

The window it was checked over

BTC closing prices, adjusted for splits. The shaded span is the one-year window: it starts at the first close after the video went public and ends at the last close on or before one year after the day the video was published.

What was said around it

usdt in circulation is backed by U.S government debt and similar cash equivalent instruments the rest is backed by a combination of precious metals corporate debt loans and even Bitcoins BTC as part of the attestation tether also revealed that it had made a profit of 1.5 billion dollars on its reserves in q1 and had excess reserves of almost 2.5 billion this is reassuring considering that the excess reserves are almost equal to the lower quality assets backing the usdt in circulation as I mentioned earlier tether recently announced that it would begin using up to 15 of its monthly profits to buy BTC which could have a positive impact on btc's price given current market conditions Palo specified in his aforementioned interview that tether will not be investing in any old coins now he was also asked whether an increase in the stablecoin market cap is a leading indicator for crypto prices Palo said yes but stressed that the total stablecoin market cap continues to decline interestingly Paulo seemed to imply that the total value locked in Defy is a better indicator this ties into the second stable coin and that's circles usdc as I mentioned in the introduction usdc's market cap has been

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.