Tufail@tufail

フォロー

Flood dropped a 2024 take that CZ might rank among the world's richest individuals, calling him a grandmaster and one of the most liquid people globally. The liquidity concept gets heavy when you consider selling large chunks of stock like Elon Musk's Tesla shares would send a bad signal about Mars or self-driving cars. Instead, wealthy figures usually borrow against their holdings to avoid capital gains tax. Then there's the rumor that CZ actually holds 40% of Tether's supply. Tether has roughly $160 billion in outstanding tokens issued for credit, and the entity Finance CC holds equity where CZ owns the majority.

1d

Tufail@tufail

フォロー

Flood dropped a 2024 take that CZ might rank among the world's richest individuals, calling him a grandmaster and one of the most liquid people globally. The liquidity concept gets heavy when you consider selling large chunks of stock like Elon Musk's Tesla shares would send a bad signal about Mars or self-driving cars. Instead, wealthy figures usually borrow against their holdings to avoid capital gains tax. Then there's the rumor that CZ actually holds 40% of Tether's supply. Tether has roughly $160 billion in outstanding tokens issued for credit, and the entity Finance CC holds equity where CZ owns the majority.

1d