Ivan On Tech – BITCOIN: TETHER PRINTING BIIIIGGGG AGAIN!! (17.05.2024 Summary)

Ivan On Tech – BITCOIN: TETHER PRINTING BIIIIGGGG AGAIN!! (17.05.2024 Summary)

Ivan is extremely bullish on Bitcoin and the cryptocurrency market when Tether starts printing large amounts of the USDT stablecoin. He sees this as a clear signal that the bull market is firmly back on and that more capital inflows are entering the crypto space.

💵 According to Ivan, when Tether’s market cap increases substantially, as it recently did by printing another billion USDT, it is an unmistakable sign to be 100% bullish on Bitcoin. He believes that as long as stablecoin issuers like Tether and USDC keep minting new coins, it accelerates the bull run by providing more and more liquidity to the market.

📈 Ivan emphasizes that people often overcomplicate things, but the formula is quite simple: if you have a bullish trend on the Bitcoin chart and Tether is printing new USDT, you should be bullish – no further analysis is needed. He views Tether’s printing as the second crucial checkbox, along with the technical bullish trend, that confirms the ongoing bull market’s strength.

🤙 Ivan is so confident in this dynamic that he suggests relaxing and not questioning the bullish thesis when Tether is actively minting new coins. He sees it as a clear indication that the bullishness will continue, much like during the 2020-2021 bull run when Tether’s rising market cap fueled the rally until it started declining, signaling the bear market’s arrival.

In essence, Ivan considers Tether’s massive USDT issuance as one of the most important bullish ingredients, alongside the overall crypto market’s liquidity turning positive again.