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A comment on The Cryptocurrency Industry Is 'On the Brink of an Implosion', Research Says. Parent comment
Billions of Tether were printed, and then used to buy Bitcoin. That means Bitcoin's current price is supported (to some degree) by Tether.
Whether its catastrophic or not... well... time will tell. But its certainly a worry of some people.
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Billions of Tether were printed, and then used to buy Bitcoin. That means Bitcoin's current price is supported (to some degree) by Tether.
Whether its catastrophic or not... well... time will tell. But its certainly a worry of some people.