Arthur Hayes Warns Tether ‘Macro Hedge’ Risks Equity Wipeout in 30% Bitcoin Correction
BitMEX co-founder Arthur Hayes has warned that Tether dangers balance-sheet insolvency if its Bitcoin and gold reserves undergo a 30% drawdown. His November 30 put up targets the structural vulnerabilities in Tether’s newest asset allocation. He suggests the agency has tied its solvency to the efficiency of unstable threat belongings slightly than relying solely on…
