))
Is Bitcoin Tethered?
Manage episode 456921332 series 3410128
Content provided by David Morgan. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David Morgan or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Is Bitcoin Tethered? | https://www.themorganreport.com/join
Bitcoin itself is said to not be "tethered" in the sense of being directly tied to any asset or currency. Bitcoin's premise is that it operates as a decentralized cryptocurrency on its blockchain and derives its value from market demand and supply. Its price fluctuates freely based on market activity, investor sentiment, and macroeconomic factors.
However, the term "tethered" might relate to Tether (USDT), a stablecoin that is pegged to the value of the US dollar. Tether is often used in cryptocurrency trading to move funds without converting to fiat currency, providing stability during volatile periods.
Listen to this audio on Is Bitcoin Tethered?, then please share with your friends and family on social media and use the caption Is Bitcoin Tethered?.
The Morgan Report's Weekly Perspective is our free e-newsletter which keeps YOU in the top 3% of the Informed, the Awake, and the Aware. Join our Free Morgan Report: https://www.themorganreport.com/join-the-free-morgan-report
David Morgan
The Morgan Report
397 episodes
Share
