The bitcoin bubble is broken or not

[darkangel11]

Tether conducted another audit. This time, with the former Director of the FBI. So the bubble will not burst in the next few years!

Let's now wait for that professor from Texas to apologize for being wrong and scaring people off. Maybe he was paid to do his "research" or maybe he's just smart and bet on the prices going down. If I were to publish an article like that, or knew about someone doing it, I'd sell my coins and get ready to buy cheaper.

[stompix]

Tether conducted another audit. This time, with the former Director of the FBI. So the bubble will not burst in the next few years!

Another useless audit you mean.

First off, the report is not an audit. It was prepared by a law firm – Freeh Sporkin & Sullivan, LLP (FSS) – not an accounting firm

And this is getting funny:

"The bottom line is that an audit cannot be obtained," Hoegner told CoinDesk, claiming that this problem is not unique to his company but one faced by the entire cryptocurrency industry.

So, they claim they can't get an audit, but they did one.At this point, they've lost me.

Here is the conclusion of the "audit"
https://www.scribd.com/document/382183392/FSS-Account-Snapshot-Statement#from_embed

Just read those two lines:

1)   FSS   is not an accounting firm and did not perform the   above review and confirmations using Generally Accepted Accounting Principles.

2)   The above   confirmation of   bank   and tether   balances should   not be construed as the results of an audit and were not conducted in   accordance with   Generally   Accepted Auditing Standards