The scenario you describe is how I justify my stance as long btc/eth, but holding neither. When USDT pops, it will leave a huge vacuum in behind, and cause a lo

The scenario you describe is how I justify my stance as long btc/eth, but holding neither. When USDT pops, it will leave a huge vacuum in behind, and cause a lot of harm to the latest wave of crypto adopters (2017-on). Like your analogy to subprime mortgages, this crisis will precipitate serious regulation that probably won't quite go far enough, which is the final stage of institutionalization cryptocurrency has been missing. From that crater, it can only improve in terms of mass adoption. I'll be a holder again in the year 1, post-USDT.