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The theory is that the market cap of BTC/Eth/Shitcoins have been pumped by Tether buying power that isn’t actually backed by USD. People think Tether is printin
by zaptrem 5y ago
The theory is that the market cap of BTC/Eth/Shitcoins have been pumped by Tether buying power that isn’t actually backed by USD. People think Tether is printing fake money and buying crypto with it. If/when the world realizes this, the market cap of these different assets will return to their (possibly much lower) “real” values. This slide could cause another crash.