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The entire Tether market cap is 22 Bn$, It's very unlikly that Theher alone is able to double the Bitcoin price in just a couple of weeks (current market cap 74
by hathym 6y ago
The entire Tether market cap is 22 Bn$, It's very unlikly that Theher alone is able to double the Bitcoin price in just a couple of weeks (current market cap 744 Bn$)
- aent 6y agoMarket cap is irrelevant when we don't know the trading volume, if I created a million random coins and sold one of them for a thousand, I'd have a billion dollar market cap coin, despite only having a thousand dollars of real money involved. And we definitely don't know the real numbers, reported tether trading volumes are total nonce, they wash traded them to the point that they report higher volumes than all the world stock/bond markets combined.