Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Economics
Re: IF USDT would collapse what do you think will happen to the BTC price?
by
Lhaine
on 26/12/2020, 18:48:15 UTC
Quote from: Davian144 on Today at 09:46:27 AM
Quote from: FireBallex on Today at 06:28:50 AM
If USDT collapsed it will bring new opportunities to those that want to buy bitcoin at a cheaper rate and that will make bitcoin recovers, whatever comes bitcoin will recover because of adopters, many will be waiting for some opportunity to buy  Wink Wink
Yes, but is everyone sure that the USDT will collapse? because stable tokens are always valued in accordance with the dollar currency in general, the use of the dollar currency is still very large and the pairing for new tokens and coins is still very much, so are you sure that USDT will collapse?
If they can't release more USDT supply and we have more demand in USDT compare to how many supply we have ,thats the only problem that i see is possible to happen to USDT .which will bring the price up and no one can stop it if there are people want to use USDT to secure their money in fiat value . Not unless they print more USDT that can full the needs of all traders if market need more demand.