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Re:Crypto unlikely to survive as investment if unregulated, ... by sneak on Thursday December 02, 2021 @11:21AM (#29418154)
The market cap of BTC and ETH is so high because there are so many more USDT issued than Tether has dollars.

You can't reason about Tether's relative value/ratio to BTC/ETH in a world where BTC and ETH are traded against USDT.

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