Why does everybody think tether printing money for whales is a bad thing? Sure, it increases the mcap of tether. However, this means more money coming in to crypto markets.
Think about it, whales are simply exchanging dollars for usdt. Then they will use it to buy whichever crypto they prefer.
So, whats difference does it make how that money came in to crypto? We sill have the same amount of btc so when they use the usdt to buy bitcoin price will increase the same.
I don’t mind tether making millions if it means more money coming in to market and mcap increasing, even id I know those bastards are running what most you call a scam.
Tether is skimming usd out of each pump. Every time btc pumps there’s an increase in tether mcap. All this money on sidelines waiting to fomo back in. It’s a powder keg ready to blow. If the market decides to abandon tether you have bank run we could see 1m USD btc.The tether prints you are on whale alerts are from Treasury just means someone made a deposit in exchange for the stable coin . Has zero effect on bitcoin until it’s at an exchange.
Kevin Ortiz
>powder keg ready to go >if market decides to abandon tether you have a bank run what do you mean by "market abandons tether" and the subsequent bank run? how does that blast the price of bitcoin?
Landon Reyes
People have to exit somewhere
Kayden Flores
so thats good for bitcoin?
Jacob James
>Satan defending Tether
Jayden Walker
>The tether prints you are on whale alerts are from Treasury just means someone made a deposit in exchange for the stable coin > there are peoples who actually believe this in 2020 tether last audit proved they were lying about the backing so the fired their auditor ... that was in mid 2018 ... since then the MC has triple ... still whit zero proof of funds
Jordan Evans
Because it's a scam
It's like a bank in the USA they only actually have a fraction of the money so if everyone wanted to withdraw tether it would drop in price to 0
Only mid wits use tether. The rest if use use USDC and dread the day Tether implodes taking 60% of the crypto market cap with it.
