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I think the better trade would be to do a hedged short against bitcoin, perhaps using futures; if Tether collapses, Bitcoin is going to get hurt as well.
by superfunny 5y ago
I think the better trade would be to do a hedged short against bitcoin, perhaps using futures; if Tether collapses, Bitcoin is going to get hurt as well.
- ur-whale 5y ago> if Tether collapses, Bitcoin is going to get hurt as well. That's one theory. Another is that the only way out of Tether will be BTC and the pressure will likely push BTC up, at least for a while.
- garmaine 5y agoOn BTC/USDT markets. It will collapse the USD/BTC markets that futures contracts use.
- eightysixfour 5y agoThis assumes that USDT/USD somehow holds at the same time USDT collapses? What will actually happen is that USDT will flood into BTC, driving BTC up in terms of USDT and down in terms of USD. If the peg breaks, it breaks.