It is quite ironic, how Tether is going to buy BTC from 15% of their profits and their profits come from the US Treasury, which is up due to the FED hiking rates. Basically the FED is making it possible to buy BTC.

Last weeks announcement caught the attention of many, not only did Tether release their quarterly report showing how they have become the biggest profit-per-employee organisation, with nearly $1.5B profits in one quarter and $6B projected over the whole year. It was also quite a shock once we saw how Tether showed $1.5B in Bitcoin holdings at their report, while during the preceding quarter the number was essentially 0.

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Tether Quarterly report

There was some speculation around that number and whether all of that $1.5B was purchased in just one quarter and Tether added even more fuel to that debate as they just a few days back confirmed to now start buying Bitcoin for their reserves, with 15% of their monthly profits.

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https://preview.redd.it/pfotjtvsru0b1.jpg?893&format=pjpg&auto=webp&s=a36c65eebcfe32fb4fd0b490b6c6f0d973988232

And the story get‘s even better once we realise from where those profits even come. Tether has massive investments in the US Treasury and takes the interest of their investments while they don‘t even have to pay the customers that, so they get to take nearly all profits of that. The US Treasury has been increasing a lot in the past months due to the FED hiking the rates.

It ends up that the US Treasury and the Federal Reserve are the very reason for Tether now buying 15% of BTC per month. How the tables turn, that the reason we have had such a bear market is now also the reason there will be billion of dollars bought in our asset.