Billionaire bought billions of Tethers

solely to facilitate trading of other cryptocurrencies. About a two minute read.

Comment: interesting story, but read between the lines — traditional financial institutions are wary of large scale transactions involving cryptocurrencies. So entities like Bankman-Fried are disintermediating the banks. The reluctance of traditional financial institutions to deal with crypto wealth is causing problems not just for billionaires but also for folks like myself, who have been buying for years.