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No one would care how many Bitcoin they had without an exchange rate. Tether printing is a convenient way to inflate the exchange rate. Remove Tether printing
by PragmaticPulp 6y ago
No one would care how many Bitcoin they had without an exchange rate.
Tether printing is a convenient way to inflate the exchange rate. Remove Tether printing and the exchange rate falls.
As long as people talk about Bitcoin in terms of the exchange rate, Tether and Bitcoin are deeply connected.
- sekai 6y agoNo it would not, plenty of stablecoins to take it's place, or just crypto/crypto ratios.
- user-the-name 6y agoThat assumes that Tether is being honest and not printing unbacked coins to drive the price up. So, no, it would still tank the price, because the price is quite likely inflated through fraud.
- sekai 6y agoLet's not ignore major funds and companies investing in BTC like crazy, that's what is propping up the price not the "Tether scam" that's being going on for 5 years unproven.