RE: Bitcoin (BTC) Mid-Day Update: A "Ghosting" Fractal

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Bitcoin (BTC) Mid-Day Update: A "Ghosting" Fractal

in bitcoin •  7 years ago 

What if the price of bitcoin has been artificially inflated due to tether printing money out of thin air. Doe this not change the prediction?

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7 years ago by

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      ·  7 years ago (edited)

    Unlikely. USDT only accounts for about 2G$ in market cap. Compare this to BTC which is about 150G$ post correction. Even if all of USDT was liquidated completely into bitcoin, then it would shift the BTC price by at MOST 1.3%. USDT is also used to short other big coins such as ETH so we are likely looking at less than a 1% price action on BTC for USDT.

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