"Tether"-ed to the Titanic

Yes.

Unlike physical notes and coinage, Tether works just as well when you need 8,000 of them for a burger as $8 of them.

Though when that time comes, if a typical person can still justify the expenditure for a burger, I wouldn't know.

Firstly, this article is nearly a month old now. Though I wouldn't doubt that current numbers show little has improved on the spending front.

Secondly, everybody knows the saying: change is hard. But change is also expensive (in one form or another).

I know many of the actions (cuts) taken so-far have been spot-on based on my personal anecdotal evidence (i.e., from those with the most hatred towards "Elon Mussolini", which is what I've heard them refer to him as).

A reversal can be as simple as an agreement that in certain situations that two banks will adjust their ledgers accordingly, regardless of what the settlement network will permit.

Bank transfers are reversible, just not by powerless individuals.

Cash App, most frequently,

ever since Strike no longer supports debit card and to use my bank acct with them has the requirement that I authorize Plaid to harvest data from my checking account.

Hopefully he comes to stop the NFT / Ordinal nonsense that has infected that organization.

I suspect he won't.

Bitcoin Magazine must have gone all in on Ordinals and is now looking for exit liquidity.

It's the only explanation for this irrational change of direction for them.

This article was first shared on SN, but with the BitcoinMagazine link (original article):

Td Cowen Publishes Bullish Report on BTC and Microstrategy #214975 https://bitcoinmagazine.com/markets/td-cowen-publishes-bullish-report-on-bitcoin-and-microstrategy

This article was then also featured on ZeroHedge:

"A Superior Store Of Value" - TD Cowen Publishes Bullish Report On Bitcoin #215301 https://www.zerohedge.com/crypto/superior-store-value-td-cowen-publishes-bullish-report-bitcoin-and-microstrategy