07-23-2020, 03:58 AM
Tether wasn't the reason Bitcoin went to 20k
<!-- SC_OFF --><div class="md"><p>Back in 2017/2018 I kept hearing FUD that Tether was pumping the market and it was the only reason we saw a 20k Bitcoin. Back then Tether had a $1 Billion marketcap. Now we're at a $9k Bitcoin and a $10 Billion Dollar marketcap Tether and over $1 Billion USDC, plus other stablecoins.</p> <p>First of all, is there still people that think Tether was the reason Bitcoin had it's run? What's the argument? Do you think we have over $11 Billion sitting on the sidelines ready to pump the markets?</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>Back in 2017/2018 I kept hearing FUD that Tether was pumping the market and it was the only reason we saw a 20k Bitcoin. Back then Tether had a $1 Billion marketcap. Now we're at a $9k Bitcoin and a $10 Billion Dollar marketcap Tether and over $1 Billion USDC, plus other stablecoins.</p> <p>First of all, is there still people that think Tether was the reason Bitcoin had it's run? What's the argument? Do you think we have over $11 Billion sitting on the sidelines ready to pump the markets?</p> </div><!-- SC_ON --> Kind Regards R