Post
Topic
Board Altcoin Discussion
Re: Bitcoin can't ever reach $100k
by
GreatArkansas
on 07/08/2021, 12:32:45 UTC
Why? Until Tether (USDT) is stop from minting their shitcoin out of thin air then I think this will never happen.
You can check how many USDT that tether has mint this year alone, from January till now, then you will understand they are the reason why Bitcoin couldn't sustain the ATH of $60k.
When tether is stop, then we can be sure of Bitcoin going high, but if not, that means Bitcoin reaching $100k is in utopia.
(.....)
This kind of Tether issue is kinda old now, even on the previous bull run, USDT is the hot seat because of Bitcoin's multiple dumps or the reason why it can't pump harder.
Yeah, I am still somehow believing on this issue, like USDT is not totally 100% backed by the US dollar.

But we can have other reasons why Bitcoin still can't reach $100k in just a short period of time, I am happy to reach $100k naturally and slowly.