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fscaramanga

Re:The Bit Short: Inside Crypto’s Doomsday Machine on Tuesday January 19, 2021 @12:03PM (#25835571)
Assuming the Tether exchanges remain functional, yes, everyone will try to get out of Tethers and coins are the only option. People would then try to get their coins off the exchange. It will be a terrible scramble. The question is, what happens to BTC/USD on USD exchanges. My best guess is that panic and additional supply withdrawn from tether exchanges (for those who manage to get out) will crash the price.