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Yes, so much this. Everyone keeps simply saying that the BTC price will blow up because everyone sells Tether. Yes and no! What will really happen is that the B
by lukebuehler 6y ago
Yes, so much this. Everyone keeps simply saying that the BTC price will blow up because everyone sells Tether. Yes and no! What will really happen is that the BTC spot price will diverge between those exchanges that denominate in USDT and those that do in USD.
Therefore, the best indicator to see if Teether is failing is to track the difference in the rate between exchanges.
- cdiddy2 6y agoYup, last time Tether traded as a significant discount(Oct 15 2018) BTC price on bitfinex went up $1500 and on coinbase it went up $700. This was in the depths of the bear market with price around $6200 too.