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Don't forget the amount of exchanges that can not trade USD so they rely on USDT to deal with BTC. Tether crashing is going to destroy the value of BTC and it w
by rglullis 5y ago
Don't forget the amount of exchanges that can not trade USD so they rely on USDT to deal with BTC. Tether crashing is going to destroy the value of BTC and it will take all of the alts with it. It will make Mt Gox look like a hiccup.
Still, it needs to happen. Keeping Tether alive is the worst thing that can happen to crypto.
- rvz 5y ago> Still, it needs to happen. Keeping Tether alive is the worst thing that can happen to crypto. Exactly. The next big crypto crash is waiting to happen. Will probably come from the debt ceiling crisis with the US then cracking down on Tether afterwards with the US government also collecting unrealised capital gains taxes; enough to scare the hands out of lots of investors. Tether knows they are a scam. So they are getting out while they can.