HomeUS NewsBloomberg’s Crypto Fear Game: Trump, Tether, and Drama

Bloomberg’s Crypto Fear Game: Trump, Tether, and Drama

Bloomberg is back stirring the pot, this time targeting Tether, the crypto world’s biggest stablecoin, and throwing in Donald Trump for extra spice. The editorial warns about a mix of Trump’s crypto-friendly moves and Tether’s supposed shady practices. But let’s be real—this feels more like political drama than hard facts.

Tether, the digital dollar of crypto, promises every token is backed by a real dollar. Bloomberg says otherwise, claiming Tether’s reserves include risky investments and even Bitcoin. Worse, they tie Tether to shady dealings with hackers and criminals, accusing it of enabling billions in underground money flow.

--Advertisement--

Now, Trump enters the scene. Bloomberg notes his administration’s close ties to Tether, with Commerce Secretary Howard Lutnick’s company holding a 5% stake. This, they argue, deepens Wall Street’s link to Tether, raising fears of a financial meltdown if things go south.

--Advertisement--

And it doesn’t stop there. Bloomberg also attacks Trump’s rumored plan for a government Bitcoin reserve, calling it a “crypto scam.” They argue it could inflate Bitcoin’s value, hurt taxpayers, and fuel financial instability.

--Advertisement--

But let’s not ignore Bloomberg’s own agenda. Owned by Trump critic Michael Bloomberg, the outlet seems to be mixing political punches with crypto skepticism.

The crypto world has weathered storms before. Whether Tether and Trump can rise above this latest drama remains to be seen—but it’s clear Bloomberg loves stirring the FUD pot.

--Advertisement--
Camilia Perez
Camilia Perezhttps://phsoutlook.com
Camilia Perez is a dynamic news anchor and journalist celebrated for her insightful reporting and dedication to delivering impactful stories. With a passion for uncovering the truth and a talent for connecting with audiences, she brings clarity and depth to her work. Camilia’s approachable yet authoritative style has made her a trusted and influential voice in journalism.

Subscribe to get the latest Global & Local News