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Why is "money flowing towards an asset = price goes up" surprising to you? The only part of this equations that's new is that blockchains are public and theref
by coolestguy 4y ago
Why is "money flowing towards an asset = price goes up" surprising to you?
The only part of this equations that's new is that blockchains are public and therefore you can see it happen.
Would it be wild to you to see "money moves from private bank account to goldman sachs account = shares go up"?
- lazide 4y agoThe issue is that tether gets issued with no apparent relationship to actual cash flowing into the system. They literally didn’t even have bank accounts or access to the banking system for most of this time (and may still not)