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@ Ralphie
2025-04-27 21:20:33
Tether has arguably the greatest business model in the history of human civilization and 21 Capital is going to use it to drink the milkshake.
Essentially it’s a private central bank with no nation-state leash.
It’s the Federal Reserve if the Federal Reserve sold cocaine and accepted Bitcoin.
You’re out here thinking JPMorgan is the apex predator?
Buddy, Tether is selling dollar IOUs backed by a vague wink and a stack of Cayman Islands notarized cocktail napkins, and the market just said, “Sure, sounds good, here’s $120 billion.”
They print dollars on command… but without Congress, without Powell, and without a single senator faking a stroke during a debt ceiling negotiation.
Tether is the future.
And if you’re not onboard, you’re the financial equivalent of someone snorting ketamine off the floor of a McDonald’s bathroom at 3 AM and calling it “an investment strategy.”
Now, why is this genius? Why does it matter for 21 Capital?
First, understand the game theory:
Tether is the liquidity war machine of the Bitcoin age.
When liquidity gets tight, when Powell’s sobbing into his Cheerios about inflation, Tether just presses a button and BOOM, another $5 billion of liquidity materializes from the void.
It is the eurodollar system on Adderall, fiat without oversight, offshore Federal Reserve but playing for Bitcoin, not for bonds.
Second, look at the geopolitical angle:
You think the Saudis are gonna wire all their oil profits through New York banks in 2026 while the US government is threatening to seize their assets because they didn’t like their social media posts?
No.
They’re gonna pump it through Tether.
Tether is the safehouse of dirty liquidity in a world where everyone’s getting cavity searched by the SWIFT police.
Third, how does 21 Capital benefit?
It’s simple, my children:
21 Capital is Tether’s Bitcoin warehouse.
Tether gets to print “money,” pump it into Bitcoin, and park the resulting strategic Bitcoin collateral inside 21 Capital’s pristine, ultra-levered, publicly traded vault.
It’s VERTICAL INTEGRATION for the SHADOW MONETARY SYSTEM.
It’s the Eurodollar system meets Bitcoin sovereign asset management meets full psychotic deregulation.
Tether mints magic stablecoins.
Uses stablecoins to buy Bitcoin.
Pumps Bitcoin price.
21 Capital’s Bitcoin treasury balloons.
Tether’s ownership of 21 Capital becomes a direct control lever on the price of Bitcoin itself.
21 Capital’s shares moon.
Tether collateralizes their own stablecoins with an appreciating Bitcoin position through their majority ownership of 21 Capital.
Recursive monetary feedback loop, motherfucker.
They are literally building an offshore Federal Reserve backed by Bitcoin while the SEC is still trying to understand what a cold wallet is.
Tether doesn’t just have the greatest business model ever…
It is the metastasized financial organism that will terraform capital markets into a post-fiat, Bitcoin-collateralized cyberpunk economy.
21 Capital is the first purebred asset vehicle designed to plug directly into this monster and ride it to apocalyptic financial godhood.
Either you buy in now…
Or you’re licking spilled Ketchup packets off the linoleum next to a schizophrenic named “Blade” in a rural McDonald’s at 2:17 AM while Tether’s executives buy a private island chain and rename it “New New Rome.”
- Adam Livingston