On the contrary, I thought that tether is the one fueling bitcoin's massive run?
So it they continue to mint then obviously bitcoin can reach $100k.
How can you compare a situation where someone will invest real money in mining equipment and paid for electricity just to see if he will be lucky to get his hands on the coin.
While the other one will sit in his five star office, and with a click of his fingers his has mint billion of coin and exchange it for the other fellow real investment,
I do not see the relevance of comparing POW mining to token minting in relation to the topic of BTC not reaching $100K. Tether isn't minting BTC to dump it on the market. USDT is simply a medium used by traders and investors to buy BTC and trade. You can remove USDT in the market but there is still an unlimited minting of fiat which will be used by the same traders in the absence of any stable coin.