Hey Folks,
I noticed the USDT market cap is increasing rapidly the last days/weeks, with big jumps:
http://coinmarketcap.com/assets/tether/historical-data/sometimes increasing 20m a day.
What do you think about it? Its a good sign or not?
Looks to me that more and more big investors are entering cryptos, not leaving - or am I misinterpreting this?
That is like a coin of refuge right now, in the face of uncertainty. The dreaded coming of August 1 is causing people, more and more each day, to look for some ways to protect their precious bitcoins. Some are jumping to alts without leaving a single satoshi behind. But since in the past several days, almost all the alts are also bleeding pure red, then they think that the alts are also going down the line as well. USDT becomes the option for many. I know of several friends who are also choosing USDT.