Post
Topic
Board Altcoin Discussion
Re: Bitcoin can't ever reach $100k
by
masterrex
on 07/08/2021, 15:21:38 UTC
I guess this is only a little misinterpretation If we continue reading further the post the author quoted the Tether as the reason why Bitcoin cannot reach that price of $100K I think it's not connected, Bitcoin price was base on US dollar and Tether is back by a dollar $1-$1 basis according to them, so technically Tether was just an instrument to represent the fiat US dollar, so if the Tether was removed in the market there are enough numbers of Stablecoin that can replace Tether, so for me, it's not the real reason why Bitcoin cannot reach $100K, Anyway I sense that the author is trying to interpret that the Tether treasury will continuously mint USDT to buy and accumulate more BTC which is I believe is not the case.