The post Tether Sets $15 Billion Profit Target as Margin Hits 99% appeared on BitcoinEthereumNews.com. Tether sets ‘insane’ target following 99% profit margin  Tether hits 500 million users milestone  Tether, the El Salvador-based issuer of the largest stablecoin by market capitalization, is looking to post a massive $15 billion in profit this year. The leading stablecoin issuer declared its year-to-date profit expectations on Friday, October 24, sparking discussions across the crypto community. Tether sets ‘insane’ target following 99% profit margin  The jaw-dropping profit target positions Tether as a leading force in both the traditional finance and digital asset sectors. Amid the broad crypto market buzz, ETF analyst Nate Geraci has shown surprising reactions, calling the numbers “insane.” Furthermore, Geraci noted that Tether is operating with a 99% profit margin and has about $183 billion USDT in circulation. Hence, the targeted YTD returns appear realistic considering Tether’s impressive performance over the year. Tether CEO Paolo Ardoino issued comments disclosing the drive behind the eye-catching profit target. Ardoino revealed that a large number of companies have approached Tether with offers to buy in. Some of the companies it is already in talks with include SoftBank Group and Ark Investment Management — two names that could bring powerful mainstream partnerships to the crypto giant. With these discussions, Tether is looking to raise up to $20 billion for a 3% equity stake. Tether hits 500 million users milestone  As Tether continues to achieve significant milestones in recent months, it has also garnered increasing interest from investors worldwide. Just a few days ago, the Tether boss revealed that the firm has surpassed a massive 500 million users worldwide — a milestone tagged as the biggest financial inclusion achievement in history. With these impressive achievements, it appears that Tether has set a realistic target, one it may ultimately surpass by the end of the year. Furthermore, one of its major achievements… The post Tether Sets $15 Billion Profit Target as Margin Hits 99% appeared on BitcoinEthereumNews.com. Tether sets ‘insane’ target following 99% profit margin  Tether hits 500 million users milestone  Tether, the El Salvador-based issuer of the largest stablecoin by market capitalization, is looking to post a massive $15 billion in profit this year. The leading stablecoin issuer declared its year-to-date profit expectations on Friday, October 24, sparking discussions across the crypto community. Tether sets ‘insane’ target following 99% profit margin  The jaw-dropping profit target positions Tether as a leading force in both the traditional finance and digital asset sectors. Amid the broad crypto market buzz, ETF analyst Nate Geraci has shown surprising reactions, calling the numbers “insane.” Furthermore, Geraci noted that Tether is operating with a 99% profit margin and has about $183 billion USDT in circulation. Hence, the targeted YTD returns appear realistic considering Tether’s impressive performance over the year. Tether CEO Paolo Ardoino issued comments disclosing the drive behind the eye-catching profit target. Ardoino revealed that a large number of companies have approached Tether with offers to buy in. Some of the companies it is already in talks with include SoftBank Group and Ark Investment Management — two names that could bring powerful mainstream partnerships to the crypto giant. With these discussions, Tether is looking to raise up to $20 billion for a 3% equity stake. Tether hits 500 million users milestone  As Tether continues to achieve significant milestones in recent months, it has also garnered increasing interest from investors worldwide. Just a few days ago, the Tether boss revealed that the firm has surpassed a massive 500 million users worldwide — a milestone tagged as the biggest financial inclusion achievement in history. With these impressive achievements, it appears that Tether has set a realistic target, one it may ultimately surpass by the end of the year. Furthermore, one of its major achievements…

                                                                               Bitcoin’s market cycles may stretch longer as ISM manufacturing data remains weak, hinting at extended macro headwinds and slower business recovery.                     The Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers’ Index (PMI) has historically aligned with major peaks in Bitcoin’s market cycles — a pattern that, if repeated, could imply a longer-than-usual cycle this time around.The correlation between the ISM PMI and Bitcoin’s (BTC) price was first popularized by Real Vision’s Raoul Pal and has since gained traction among macro-focused crypto analysts.“All 3 past Bitcoin cycle tops have broadly aligned with this monthly, oscillating index,” analyst Colin Talks Crypto noted, referencing the recurring overlap between Bitcoin’s market highs and the PMI’s cyclical peaks.Read more