Tether is only $2b of the $420b market, right?
What $420 b market?
The same market that was at 700 billions , and with overall trades of 70 billions it went down by more than 150 billions ?
Stop looking at coinmarketcap.
Those numbers mean nothing, one single sell of 1m can bring a coin down by x100.
I think it will, but that is because they are essentially a huge portion of the true amount of money in crypto. Not looking forward to what would happen if comes back negative, I think it could be catastrophic to crypto, even worse than an exchange hack (yes I just said that).
I think the tether fiasco is already priced in by about half.
And even if tether will be gone (and I do hope it will), we have experienced this before with MtGox and their buying bot , willy.
Looking further in time in terms of years not day, a world without fiat crypto is way better.