Ill be fair too and say that Bitcoin right now is also overvalued... daily transactions are at a 2 year low.
Having anything in Tether is completly crazy. Yo never know when it's going to explode. How do you wanna know that suddenly there isn't some whale who wants to cash out it's tether. You know what's going to happen then... BOOOM. Tether over and out.
I mean I see that happening more in BTC right now than Tether. Tether is honestly the universal lets wait on the sidelines tool.
Isn't the problem that Tether has no inherent value? It's only backed by a promise of Tether Limited, that they hold 1USD for every Tether Token out there. And it mostly looks like that isn't the case. The Tether case is not only exploding if the audits say the promise isn't kept it also blows when too many people start cashing out their Tether. And there is absolutely no way to predict if that is going to happen or not, and if it happens and Tether isn't able to back it the value of Tether in BTC is unstoppable going down to 0.