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 ...
See bolded - that’s exactly why people prefer bitcoin to USDT as an investment vehicle. USD is losing purchasing value every year, inflation destroys lives & USDT is pegged to USD. Bitcoin is the lifebelt to save people from financial ruin. USDT is fine to transact immediately but for long term HODLING it is useless.
Other than the making money phenomenon, keeping money in USDT is dangerous because it is not backed 100% and there is a risk that it may depeg with the dollar.
For a moment, think that USDT (Tether) is 100% backed, then why would you keep your money in USDT, when you can keep it in USD (fiat ) currency?