in such a scenario, tether collapsing in value, the demand for Bitcoin (or other coins) would be from those who held the collapsed token. So the price of Bitcoi

in such a scenario, tether collapsing in value, the demand for Bitcoin (or other coins) would be from those who held the collapsed token. So the price of Bitcoin in tethers might skyrocket, but since the one to one peg to the US Dollar will be broken, I don't see why the effect of the dollar price of Bitcoin would rise? Maybe if even those who held actual dollars on the very few exchanges who allow them panicked as well, it might. The overall panic could cause the bitcoin price to go down too. A lot of uncertaint mass psychology at play here.