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Bitcoin will obviously stay, but there are close to 2.9 billion Tether tokens in circulation; if that exits the market entirely, we're going to take a massive plunge ~
Can you, or maybe someone else, please, explain in more detail how the disappearance of Tether can affect the current Bitcoin price in a negative way? I mean, traders can use other stable coins if they like them so much, right?
Also, considering the current total market cap, $170 billion, how disappearance of $3 billion worth of tokens can affect the market significantly?
What am I missing here?