After the price crossed the 2013 ATH in early 2017, the bubble lasted for about a year.
We haven't even crossed the 2017 ATH yet. It's way too soon to be talking about the next bear market!
Ah, bbc.reporter and his Tether theories.
People said that in 2017 too. Tether's market cap ballooned from $7 million to $2.2B during 2017. Nevertheless, the 2017 bubble still popped and BTC declined 84% less than a year later. What is different this time?
We haven't even crossed the 2017 ATH yet. It's way too soon to be talking about the next bear market!
I speculate that there might never be a real correction period as long as Tether is driving this market to new a high.
iFinex might be printing the USDT, store it in their treasury and later loan them out to exchanges.
iFinex might be printing the USDT, store it in their treasury and later loan them out to exchanges.
Ah, bbc.reporter and his Tether theories.
People said that in 2017 too. Tether's market cap ballooned from $7 million to $2.2B during 2017. Nevertheless, the 2017 bubble still popped and BTC declined 84% less than a year later. What is different this time?
Hehehehe yes I watch to much movies. There can be some validity to what I say, however.
What would be different for the 2020s? People of iFinex, Tether will print 10x more USDT, for longer durations, and loan them out for as long as the exchanges borrow more.
Also, they do this under no regulations.
I don't think the tether prints really mean as much as they did back in 2017. A few months back we got huge tether prints and price did nothing, basically traded sideways or went down. Sure sometimes we get some $150 million tether print and we get an uptick but there could be many reasons for it such as some institutional buying.
There was that guy that bought like $500 million worth of BTC at $11111, and there are many others like him. Today on the news there was some Mexican billionaire who owns like 10% of his net worth in bitcoin. That and along with tons of other investors. Hence its not always tether prints which drive up the price.