Depends on the way it unwinds. If it's through selling BTC to cover Tether redemptions, sure, that'd be bad for cryptocurrency prices. I have a feeling that it'

Depends on the way it unwinds. If it's through selling BTC to cover Tether redemptions, sure, that'd be bad for cryptocurrency prices. I have a feeling that it'll unwind like Mt. Gox, though - people who accepted Tethers or put deposits into Bitfinex wind up holding the bag when the fake money goes "poof".