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Mt Gox was responsible for the first bitcoin bubble. Tether has been responsible for multiple bitcoin bubbles now, using their crypto that was supposedly backed
by chaostheory 6y ago
Mt Gox was responsible for the first bitcoin bubble. Tether has been responsible for multiple bitcoin bubbles now, using their crypto that was supposedly backed by the USD 1 to 1. The rationale for pumping bitcoin is the same: to recoup stolen money.
Look at the money inflow graph. Tether surpasses everything else
https://coinlib.io/coin/BTC/Bitcoin https://coinlib.io/coin/BTC/Bitcoin
- askmike 6y agoThere have been many bubbles before Mt Gox and there have been many after. > Tether has been responsible for multiple bitcoin bubbles now No one in the space actually believes this.
- chaostheory 6y ago> There have been many bubbles before Mt Gox and there have been many after. Before Mt Gox there were no giant bubbles. Post Mt Gox, all of the giant bubbles were most likely caused by Tether. > No one in the space actually believes this. That is not true.