Renowned veteran trader Peter Brandt has compared holding Tether (USDT) to the risk of holding ‘the Nigerian Trinket’.
In a tweet earlier today, Brandt took aim at the controversial stablecoin, calling people “fools” for holding Tether “even overnight”.
Still, many people do believe there’s a correlation between the issuance of Tether and BTC price rallies.
Tether has not been subject to a public audit and their relationship with their previous auditor was dissolved in 2018.
pic.twitter.com/YjKpFBwpG7 — Peter Brandt (@PeterLBrandt) April 28, 2020That said, two days earlier Brandt claimed he wasn’t going to Tweet about Bitcoin anymore.

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