> I would think that the orgs / people holding Tether would be the ones to suffer the most, not the holders of BTC They will suffer, but the ~$2.4B in tether v

> I would think that the orgs / people holding Tether would be the ones to suffer the most, not the holders of BTC They will suffer, but the ~$2.4B in tether value is tiny compared to the value of BTC that it's been driving/propping up. If tether dies BTC would only have to drop about 1% to take another $2B off the table. If it drops 10, 20, or 50% there will be blood. > > Julian Hosp, co-founder of cryptocurrency payment service TenX, has listed tether as one of four big risks, with a 10 per cent likelihood of a crash this year which could pull the market down by 15 per cent. So, 10% chance that Tether is a scam, and if so, it would hurt BTC (and probably other coins too) by 15%. That seems much more realistic to me. I'm not sure that I'd take the word of a crypto insider as gospel on the chances of a Tether crash... Unless he's seen the bank statements with the $2.4B USD in them, he doesn't have any authority there.