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A comment on Exposing Tether [video]. Parent comment
I believe the fear is:
1. The price of BTC is high because a lot of people are buying it.
2. A lot of those people buying it are paying with Tether's funny money which there is somehow $60 billion of.
3. If that $60 billion ceased to exist, the price of BTC would fall.
4. $60 billion is a lot of money, so the price of BTC would fall a lot.
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I believe the fear is:
1. The price of BTC is high because a lot of people are buying it.
2. A lot of those people buying it are paying with Tether's funny money which there is somehow $60 billion of.
3. If that $60 billion ceased to exist, the price of BTC would fall.
4. $60 billion is a lot of money, so the price of BTC would fall a lot.