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A comment on Bitcoin Falls Below $20k for the First Time Since 2020. Parent comment

Re:Bitcoin Falls Below $20k for the First Time Since 2020 by rvz on Saturday June 18, 2022 @05:00AM (#31788323)
> Tether collapsing would have a far larger effect than putting BTC to 10K, it would probably be the end of crypto.

Tether isn't the only stablecoin out there. Tether collapsing is basically the end of Tether and will send BTC below 10K and will take the others with them.

It won't be the end of crypto due to this as there are other coins (not tokens) out there that are compliant (ISO 20020), have a use case and will survive this crash, but I expect the majority of useless memecoins, tokens, etc to be wiped out.

[ Parent | on HN ]
Re:Bitcoin Falls Below $20k for the First Time Since 2020 by iLoveOncall on Saturday June 18, 2022 @07:59AM (#31789086)
> Tether isn't the only stablecoin out there.

The end of Tether will be the end of stablecoins, just like ICOs ended completely at some point.

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