Why do people not promote Tether instead of Bitcoin?
Is it because there is no money to be made in Tether?
Isn't the whole idea of Bitcoin to have a decentralized network that is useful and fair? Isn't that Tether?
1:1 seems fairer than 1:20,000 ...
Both have different purpose, of course, it's pretty obvious, tether is stable coins so you can't make money out of it because it is pegged 1:1 to USD, you can't even call your money investment on them.
But there are traders who uses Tether just to stop the bleeding on their money, i.e if bitcoin price is going down hard, maybe some of them will hedge to Tether, at least it is said as your bitcoin will have a 'steady valuation' despite the market crash.