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Re:Tether price manipulation by shuntress on Friday January 08, 2021 @11:23AM (#25686253)
*The narrative around bitcoin has always been "It is digital currency. It works like gold".*

I don't think we need to get into whether or not gold is a currency or a commodity but you are fooling yourself if you think that the price of gold is driven by jewelers and PCB fabs.

Re:Tether price manipulation by tim333 on Saturday January 09, 2021 @02:21PM (#25703612)
You'd be surprised how much does go to jewelry https://www.statista.com/statistics/274684/global-demand-for...

Long term the price is driven by the mining cost.